214,128 Shares in Wabash National Corporation $WNC Bought by Pullen Investment Management LLC

Pullen Investment Management LLC acquired a new stake in Wabash National Corporation (NYSE:WNC) during the 1st quarter, Holdings Channel reports. The fund acquired 214,128 shares of the company’s stock, valued at approximately $1,846,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of WNC. Goldman Sachs Group Inc. lifted its position in shares of Wabash National by 161.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,108,072 shares of the company’s stock worth $9,585,000 after purchasing an additional 684,397 shares during the period. Arrowstreet Capital Limited Partnership increased its position in shares of Wabash National by 305.8% during the third quarter. Arrowstreet Capital Limited Partnership now owns 640,850 shares of the company’s stock worth $6,325,000 after buying an additional 482,942 shares during the period. Millennium Management LLC increased its position in shares of Wabash National by 864.3% during the first quarter. Millennium Management LLC now owns 459,547 shares of the company’s stock worth $5,078,000 after buying an additional 411,889 shares during the period. Federated Hermes Inc. raised its stake in Wabash National by 119.9% during the fourth quarter. Federated Hermes Inc. now owns 637,552 shares of the company’s stock worth $5,515,000 after buying an additional 347,584 shares during the last quarter. Finally, Jane Street Group LLC raised its stake in Wabash National by 204.3% during the first quarter. Jane Street Group LLC now owns 463,191 shares of the company’s stock worth $5,118,000 after buying an additional 310,998 shares during the last quarter. Institutional investors own 97.05% of the company’s stock.

Wabash National Price Performance

Wabash National stock opened at $11.34 on Friday. The stock has a market capitalization of $461.20 million, a price-to-earnings ratio of -7.09 and a beta of 1.55. Wabash National Corporation has a 52-week low of $6.63 and a 52-week high of $12.94. The stock’s 50 day moving average price is $8.37 and its two-hundred day moving average price is $9.22. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.77 and a current ratio of 1.33.

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

Wabash National Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 23rd. Investors of record on Thursday, July 2nd will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $0.32 annualized dividend and a yield of 2.8%. Wabash National’s dividend payout ratio is currently -20.00%.

Analyst Ratings Changes

Several equities analysts recently issued reports on WNC shares. Weiss Ratings lowered shares of Wabash National from a “sell (d+)” rating to a “sell (d-)” rating in a report on Friday, May 15th. Wall Street Zen upgraded Wabash National from a “strong sell” rating to a “sell” rating in a report on Saturday. Finally, DA Davidson raised Wabash National from a “neutral” rating to a “buy” rating and set a $20.00 price objective for the company in a research report on Wednesday. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Wabash National has an average rating of “Hold” and an average price target of $14.50.

Wabash National 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.