Gallacher Capital Management LLC Makes New $414,000 Investment in Wabash National Corporation $WNC

Gallacher Capital Management LLC acquired a new stake in Wabash National Corporation (NYSE:WNC) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 48,007 shares of the company’s stock, valued at approximately $414,000. Gallacher Capital Management LLC owned about 0.12% of Wabash National at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of WNC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Wabash National by 2.0% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,821,212 shares of the company’s stock worth $17,975,000 after acquiring an additional 36,226 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Wabash National by 17.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,548,493 shares of the company’s stock valued at $13,394,000 after acquiring an additional 233,979 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in Wabash National by 4.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,445,635 shares of the company’s stock valued at $15,367,000 after acquiring an additional 59,054 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Wabash National by 161.5% during 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. Finally, Towle & Co. lifted its stake in shares of Wabash National by 23.4% during the 4th quarter. Towle & Co. now owns 978,330 shares of the company’s stock worth $8,463,000 after purchasing an additional 185,517 shares during the period. Institutional investors and hedge funds own 97.05% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on WNC shares. Citizens Jmp began coverage on Wabash National in a research report on Wednesday. They issued an “outperform” rating and a $25.00 price objective for the company. DA Davidson upgraded Wabash National from a “neutral” rating to a “buy” rating and increased their target price for the stock from $8.50 to $20.00 in a research report on Wednesday, June 17th. Wall Street Zen lowered Wabash National from a “sell” rating to a “strong sell” rating in a research note on Sunday, July 12th. Finally, Weiss Ratings cut Wabash National from a “sell (d+)” rating to a “sell (d-)” rating in a report on Friday, May 15th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $18.00.

Wabash National Stock Performance

NYSE:WNC opened at $13.41 on Friday. The company has a market cap of $545.47 million, a P/E ratio of -8.38 and a beta of 1.43. The firm’s 50 day moving average is $10.09 and its two-hundred day moving average is $9.75. 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 quick ratio of 0.77, a current ratio of 1.33 and a debt-to-equity ratio of 1.55.

Wabash National (NYSE:WNC) last announced its quarterly earnings data 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 for the quarter, compared to analysts’ expectations 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 quarterly revenue was down 20.4% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.58) earnings per share. Analysts expect that Wabash National Corporation will post -1.75 EPS for the current year.

Wabash National Announces Dividend

The company also recently announced 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. The ex-dividend date is Thursday, July 2nd. This represents a $0.32 dividend on an annualized basis and a yield of 2.4%. Wabash National’s dividend payout ratio (DPR) 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.