Wabash National Co. (NYSE:WNC) Stake Raised by Sanctuary Advisors LLC

Sanctuary Advisors LLC raised its holdings in shares of Wabash National Co. (NYSE:WNC) by 66.3% during the 3rd quarter, HoldingsChannel reports. The fund owned 22,410 shares of the company’s stock after purchasing an additional 8,932 shares during the period. Sanctuary Advisors LLC’s holdings in Wabash National were worth $433,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in WNC. Kendall Capital Management boosted its holdings in shares of Wabash National by 4.0% during the second quarter. Kendall Capital Management now owns 31,525 shares of the company’s stock worth $689,000 after purchasing an additional 1,200 shares during the period. Kathleen S. Wright Associates Inc. purchased a new stake in Wabash National in the 3rd quarter worth approximately $27,000. Gladius Capital Management LP acquired a new stake in shares of Wabash National during the 3rd quarter valued at $29,000. Innealta Capital LLC purchased a new position in shares of Wabash National during the 2nd quarter valued at $33,000. Finally, Point72 Hong Kong Ltd acquired a new position in shares of Wabash National in the second quarter worth $34,000. Institutional investors and hedge funds own 97.05% of the company’s stock.

Wabash National Trading Up 2.3 %

NYSE:WNC opened at $17.52 on Friday. The company has a debt-to-equity ratio of 1.97, a quick ratio of 1.12 and a current ratio of 1.88. The company has a market capitalization of $759.26 million, a P/E ratio of -3.23 and a beta of 1.54. The stock’s 50 day moving average price is $18.67 and its 200 day moving average price is $19.58. Wabash National Co. has a 52 week low of $15.94 and a 52 week high of $30.07.

Wabash National (NYSE:WNC) last released its quarterly earnings results on Thursday, October 24th. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.04). The business had revenue of $464.00 million for the quarter, compared to the consensus estimate of $477.35 million. Wabash National had a negative net margin of 10.94% and a positive return on equity of 22.98%. The firm’s revenue for the quarter was down 26.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.16 EPS. On average, research analysts forecast that Wabash National Co. will post 1.29 EPS for the current fiscal year.

Wabash National Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 30th. Stockholders of record on Thursday, January 9th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date is Thursday, January 9th. Wabash National’s dividend payout ratio is -5.89%.

Analysts Set New Price Targets

Separately, DA Davidson reissued a “neutral” rating and set a $18.00 price objective on shares of Wabash National in a research report on Monday, September 30th.

Wabash National Profile

Wabash National Corporation provides connected solutions for the transportation, logistics, and distribution industries primarily in the United States. The company operates through two segments, Transportation Solutions and Parts & Services. The Transportation Solutions segment designs and manufactures transportation-related equipment and products dry and refrigerated van trailers, platform trailers, tank trailers, and truck-mounted tanks; truck bodies for dry-freight transportation; cargo and cargo XL bodies for commercial applications; refrigerated truck bodies; platform truck bodies; and used trailers, as well as laminated hardwood oak flooring products.