RBF Capital LLC Sells 60,000 Shares of Wabash National Corporation $WNC

RBF Capital LLC decreased its stake in shares of Wabash National Corporation (NYSE:WNC) by 25.9% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 171,236 shares of the company’s stock after selling 60,000 shares during the quarter. RBF Capital LLC owned about 0.42% of Wabash National worth $1,820,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. First Trust Advisors LP bought a new stake in shares of Wabash National in the second quarter worth about $32,629,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Wabash National by 96.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,825,902 shares of the company’s stock worth $20,176,000 after acquiring an additional 895,516 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Wabash National by 11.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,028,880 shares of the company’s stock worth $11,369,000 after acquiring an additional 102,928 shares in the last quarter. Hotchkis & Wiley Capital Management LLC boosted its position in shares of Wabash National by 31.6% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 943,679 shares of the company’s stock valued at $10,428,000 after acquiring an additional 226,470 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its holdings in shares of Wabash National by 1,301.5% in the first quarter. Jacobs Levy Equity Management Inc. now owns 787,533 shares of the company’s stock valued at $8,702,000 after purchasing an additional 731,339 shares in the last quarter. 97.05% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on WNC shares. National Bankshares set a $9.00 price objective on shares of Wabash National in a research report on Thursday, October 23rd. Zacks Research cut shares of Wabash National from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 30th. DA Davidson reiterated a “neutral” rating and issued a $9.00 price target on shares of Wabash National in a research report on Friday, November 21st. Weiss Ratings upgraded Wabash National from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday. Finally, Wall Street Zen raised Wabash National from a “sell” rating to a “hold” rating in a research report on Sunday, November 9th. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of $9.00.

Wabash National Trading Up 1.0%

Shares of NYSE WNC opened at $9.33 on Wednesday. Wabash National Corporation has a fifty-two week low of $6.78 and a fifty-two week high of $20.63. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.86 and a current ratio of 1.35. The company has a market cap of $378.05 million, a price-to-earnings ratio of 1.53 and a beta of 1.66. The business’s 50 day moving average price is $8.57 and its 200-day moving average price is $9.79.

Wabash National (NYSE:WNC) last announced its quarterly earnings data on Wednesday, December 1st. The company reported $0.22 EPS for the quarter. Wabash National had a negative return on equity of 15.21% and a net margin of 15.89%.The company had revenue of $482.57 million for the quarter. Wabash National has set its Q4 2021 guidance at $0.100-$0.150 EPS. On average, sell-side analysts expect that Wabash National Corporation will post 0.94 earnings per share for the current year.

Wabash National Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 29th. Shareholders of record on Thursday, January 8th will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Thursday, January 8th. Wabash National’s payout ratio is 5.26%.

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.