RWWM Inc. Trims Stock Position in Wabash National Corporation $WNC

RWWM Inc. lessened its stake in Wabash National Corporation (NYSE:WNC) by 55.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 55,375 shares of the company’s stock after selling 69,071 shares during the quarter. Wabash National accounts for about 0.0% of RWWM Inc.’s portfolio, making the stock its 29th largest holding. RWWM Inc. owned about 0.14% of Wabash National worth $477,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the stock. JPMorgan Chase & Co. lifted its holdings in Wabash National by 210.2% in the third quarter. JPMorgan Chase & Co. now owns 122,311 shares of the company’s stock valued at $1,207,000 after acquiring an additional 82,879 shares during the period. Polaris Capital Management LLC grew its stake in shares of Wabash National by 88.2% during the 4th quarter. Polaris Capital Management LLC now owns 144,670 shares of the company’s stock worth $1,251,000 after purchasing an additional 67,800 shares during the period. Womack Financial LLC increased its holdings in shares of Wabash National by 45.9% during the 4th quarter. Womack Financial LLC now owns 195,741 shares of the company’s stock valued at $1,693,000 after purchasing an additional 61,561 shares in the last quarter. Pullen Investment Management LLC purchased a new position in shares of Wabash National during the 1st quarter valued at approximately $1,846,000. Finally, Islay Capital Management LLC purchased a new position in shares of Wabash National during the 4th quarter valued at approximately $851,000. Hedge funds and other institutional investors own 97.05% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. DA Davidson raised shares of Wabash National from a “neutral” rating to a “buy” rating and increased their price target for the stock from $8.50 to $20.00 in a report on Wednesday, June 17th. Weiss Ratings cut shares of Wabash National from a “sell (d+)” rating to a “sell (d-)” rating in a report on Friday, May 15th. Finally, Wall Street Zen downgraded shares of Wabash National from a “sell” rating to a “strong sell” rating in a research report on Sunday. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $14.50.

Wabash National Stock Performance

NYSE:WNC opened at $13.47 on Wednesday. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.77 and a current ratio of 1.33. The stock has a market capitalization of $547.74 million, a PE ratio of -8.42 and a beta of 1.43. Wabash National Corporation has a fifty-two week low of $6.63 and a fifty-two week high of $14.32. The company has a fifty day moving average of $9.78 and a two-hundred day moving average of $9.67.

Wabash National (NYSE:WNC) last announced its earnings results on Friday, May 1st. The company reported ($1.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.01) by ($0.16). The company had revenue of $303.23 million during the quarter, compared to analyst estimates of $319.03 million. Wabash National had a negative net margin of 4.41% and a negative return on equity of 30.16%. The firm’s revenue for the quarter was down 20.4% compared to the same quarter last year. During the same quarter last year, the business earned ($0.58) EPS. As a group, research analysts forecast that Wabash National Corporation will post -1.75 earnings per share for the current fiscal year.

Wabash National Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 23rd. Investors of record on Thursday, July 2nd will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 2.4%. The ex-dividend date is Thursday, July 2nd. Wabash National’s payout ratio is presently -20.00%.

Wabash National Company Profile

Wabash National Corporation (NYSE: WNC) is a leading designer and manufacturer of transportation equipment and supply chain solutions. The company’s product portfolio includes dry freight van trailers, refrigerated vans, tank trailers, platform trailers, flatbeds and composite bodies. Wabash National also offers railcar products and modular building solutions, serving customers in a wide range of end markets such as food and beverage, chemicals, agriculture, waste management and construction.

Founded in 1985 and headquartered in Lafayette, Indiana, Wabash National has built a reputation for innovation in lightweight materials, advanced manufacturing processes and telematics integration.