Empowered Funds LLC Boosts Stake in Wabash National Co. (NYSE:WNC)

Empowered Funds LLC raised its position in Wabash National Co. (NYSE:WNC) by 17.2% during the third quarter, Holdings Channel reports. The firm owned 285,261 shares of the company’s stock after buying an additional 41,852 shares during the quarter. Empowered Funds LLC’s holdings in Wabash National were worth $5,474,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the company. LSV Asset Management lifted its position in shares of Wabash National by 8.6% during the second quarter. LSV Asset Management now owns 1,260,183 shares of the company’s stock worth $27,522,000 after purchasing an additional 99,700 shares in the last quarter. Royce & Associates LP increased its stake in Wabash National by 4.4% during the 3rd quarter. Royce & Associates LP now owns 1,246,060 shares of the company’s stock worth $23,912,000 after buying an additional 52,044 shares during the period. American Century Companies Inc. lifted its holdings in Wabash National by 19.7% during the 2nd quarter. American Century Companies Inc. now owns 1,095,915 shares of the company’s stock worth $23,935,000 after buying an additional 180,080 shares in the last quarter. Victory Capital Management Inc. boosted its position in Wabash National by 2.8% in the 3rd quarter. Victory Capital Management Inc. now owns 1,044,268 shares of the company’s stock valued at $20,040,000 after buying an additional 28,913 shares during the period. Finally, Peregrine Capital Management LLC boosted its position in Wabash National by 0.4% in the 2nd quarter. Peregrine Capital Management LLC now owns 755,077 shares of the company’s stock valued at $16,491,000 after buying an additional 3,135 shares during the period. 97.05% of the stock is currently owned by institutional investors and hedge funds.

Wabash National Stock Performance

Shares of Wabash National stock opened at $19.16 on Monday. The business has a 50-day simple moving average of $18.64 and a 200-day simple moving average of $20.27. The company has a debt-to-equity ratio of 1.97, a quick ratio of 1.12 and a current ratio of 1.88. Wabash National Co. has a one year low of $15.94 and a one year high of $30.07. The company has a market cap of $830.39 million, a PE ratio of -3.53 and a beta of 1.54.

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

Wall Street Analysts Forecast Growth

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

Wabash National Company 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.