Inspire Investing LLC Increases Stock Holdings in Wabash National Co. (NYSE:WNC)

Inspire Investing LLC boosted its stake in Wabash National Co. (NYSE:WNC) by 34.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,453 shares of the company’s stock after acquiring an additional 5,500 shares during the period. Inspire Investing LLC’s holdings in Wabash National were worth $412,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Innealta Capital LLC bought a new stake in shares of Wabash National during the 2nd quarter valued at about $33,000. Point72 Hong Kong Ltd purchased a new stake in Wabash National in the second quarter worth about $34,000. Tradewinds Capital Management LLC bought a new stake in Wabash National during the 1st quarter valued at approximately $48,000. CWM LLC boosted its position in Wabash National by 353.5% during the 2nd quarter. CWM LLC now owns 2,272 shares of the company’s stock valued at $50,000 after acquiring an additional 1,771 shares in the last quarter. Finally, Canada Pension Plan Investment Board purchased a new position in shares of Wabash National during the 2nd quarter worth approximately $66,000. 97.05% of the stock is owned by hedge funds and other institutional investors.

Wabash National Stock Down 1.1 %

Shares of Wabash National stock opened at $18.70 on Friday. Wabash National Co. has a 1 year low of $17.68 and a 1 year high of $30.07. The firm has a market cap of $822.80 million, a price-to-earnings ratio of 5.74 and a beta of 1.52. The company has a 50-day moving average of $19.00 and a 200 day moving average of $21.49. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.99 and a quick ratio of 1.15.

Wabash National (NYSE:WNC) last announced its earnings results on Wednesday, July 24th. The company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.08. Wabash National had a net margin of 6.66% and a return on equity of 28.24%. The business had revenue of $550.61 million during the quarter, compared to the consensus estimate of $594.77 million. During the same quarter last year, the firm earned $1.54 earnings per share. The business’s revenue for the quarter was down 19.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Wabash National Co. will post 1.53 earnings per share for the current fiscal year.

Wabash National Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date of this dividend is Thursday, October 10th. Wabash National’s payout ratio is 9.82%.

Analyst Upgrades and Downgrades

Separately, DA Davidson restated a “neutral” rating and issued a $18.00 target price on shares of Wabash National in a research note on Monday, September 30th.

About Wabash National

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.