Sanctuary Advisors LLC Buys Shares of 13,478 Wabash National Co. (NYSE:WNC)

Sanctuary Advisors LLC purchased a new position in shares of Wabash National Co. (NYSE:WNC) during the 2nd quarter, HoldingsChannel.com reports. The firm purchased 13,478 shares of the company’s stock, valued at approximately $294,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Empowered Funds LLC bought a new stake in Wabash National during the 1st quarter worth approximately $3,052,000. LSV Asset Management lifted its holdings in shares of Wabash National by 8.8% during the first quarter. LSV Asset Management now owns 1,160,483 shares of the company’s stock worth $34,745,000 after purchasing an additional 93,444 shares during the period. Wasatch Advisors LP grew its stake in shares of Wabash National by 66.9% in the first quarter. Wasatch Advisors LP now owns 1,380,766 shares of the company’s stock worth $41,340,000 after purchasing an additional 553,500 shares during the last quarter. Victory Capital Management Inc. increased its holdings in Wabash National by 40.0% in the second quarter. Victory Capital Management Inc. now owns 1,015,355 shares of the company’s stock valued at $22,175,000 after purchasing an additional 290,287 shares during the period. Finally, Raymond James & Associates raised its position in Wabash National by 42.4% during the 2nd quarter. Raymond James & Associates now owns 202,034 shares of the company’s stock worth $4,412,000 after purchasing an additional 60,178 shares during the last quarter. Institutional investors and hedge funds own 97.05% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Wabash National Stock Down 1.1 %

Wabash National stock opened at $18.49 on Friday. The firm has a market cap of $813.56 million, a price-to-earnings ratio of 5.67 and a beta of 1.52. Wabash National Co. has a 52-week low of $17.68 and a 52-week high of $30.07. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.15 and a current ratio of 1.99. The firm has a 50 day moving average price of $18.98 and a two-hundred day moving average price of $21.42.

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

Wabash National Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 10th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $0.32 annualized dividend and a dividend yield of 1.73%. Wabash National’s payout ratio is 9.82%.

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.