Bowling Portfolio Management LLC Has $1.64 Million Position in Wabash National Corporation (WNC)

Bowling Portfolio Management LLC boosted its position in Wabash National Corporation (NYSE:WNC) by 45.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 74,773 shares of the company’s stock after buying an additional 23,381 shares during the period. Bowling Portfolio Management LLC owned approximately 0.12% of Wabash National Corporation worth $1,644,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System boosted its stake in shares of Wabash National Corporation by 0.4% in the second quarter. Louisiana State Employees Retirement System now owns 24,500 shares of the company’s stock worth $539,000 after buying an additional 100 shares during the period. Oppenheimer & Co. Inc. boosted its position in Wabash National Corporation by 0.6% in the first quarter. Oppenheimer & Co. Inc. now owns 33,105 shares of the company’s stock worth $685,000 after buying an additional 189 shares during the last quarter. UBS Asset Management Americas Inc. boosted its position in Wabash National Corporation by 1.5% in the first quarter. UBS Asset Management Americas Inc. now owns 13,397 shares of the company’s stock worth $277,000 after buying an additional 200 shares during the last quarter. Hartford Investment Management Co. boosted its position in shares of Wabash National Corporation by 2.3% in the second quarter. Hartford Investment Management Co. now owns 12,480 shares of the company’s stock valued at $274,000 after buying an additional 280 shares during the last quarter. Finally, Thrivent Financial for Lutherans boosted its position in shares of Wabash National Corporation by 1.2% in the fourth quarter. Thrivent Financial for Lutherans now owns 33,040 shares of the company’s stock valued at $523,000 after buying an additional 380 shares during the last quarter.

Wabash National Corporation (NYSE WNC) traded down 0.49% during midday trading on Friday, reaching $20.47. 221,887 shares of the company’s stock were exchanged. The stock has a market cap of $1.21 billion, a P/E ratio of 13.20 and a beta of 1.78. Wabash National Corporation has a 1-year low of $10.74 and a 1-year high of $24.16. The firm’s 50-day moving average is $21.29 and its 200 day moving average is $20.87.

Wabash National Corporation (NYSE:WNC) last announced its quarterly earnings results on Tuesday, July 25th. The company reported $0.37 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by $0.05. Wabash National Corporation had a net margin of 5.77% and a return on equity of 20.76%. The company had revenue of $435.90 million for the quarter, compared to the consensus estimate of $436.85 million. During the same quarter in the prior year, the company earned $0.55 earnings per share. The company’s quarterly revenue was down 7.5% on a year-over-year basis. Equities analysts anticipate that Wabash National Corporation will post $1.46 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 27th. Stockholders of record on Thursday, July 6th were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.17%. The ex-dividend date was Friday, June 2nd. Wabash National Corporation’s payout ratio is 15.48%.

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Several equities research analysts recently weighed in on the stock. Craig Hallum upgraded shares of Wabash National Corporation from a “hold” rating to a “buy” rating in a research note on Thursday. BidaskClub upgraded shares of Wabash National Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. BMO Capital Markets restated a “hold” rating and issued a $20.00 price target on shares of Wabash National Corporation in a research note on Friday, July 7th. Aegis raised their price objective on shares of Wabash National Corporation from $27.00 to $29.00 and gave the company a “buy” rating in a research note on Thursday. Finally, ValuEngine upgraded shares of Wabash National Corporation from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $20.57.

About Wabash National Corporation

Wabash National Corporation is a diversified industrial manufacturer and producer of semi-trailers and liquid transportation systems. The Company’s segments include Commercial Trailer Products; Diversified Products, and Corporate and Eliminations segment. The Company designs, manufactures and markets a range of products, including dry freight and refrigerated trailers, platform trailers, bulk tank trailers, dry and refrigerated truck bodies, truck-mounted tanks, intermodal equipment, aircraft refueling equipment, structural composite panels and products, trailer aerodynamic solutions, and specialty food grade and pharmaceutical equipment.