Wabash National Co. (NYSE:WNC) Shares Bought by Klein Pavlis & Peasley Financial Inc.

Klein Pavlis & Peasley Financial Inc. lifted its holdings in Wabash National Co. (NYSE:WNC) by 11.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,000 shares of the company’s stock after purchasing an additional 5,100 shares during the period. Klein Pavlis & Peasley Financial Inc. owned about 0.12% of Wabash National worth $979,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Kathleen S. Wright Associates Inc. purchased a new position in Wabash National in the 3rd quarter worth about $27,000. Innealta Capital LLC acquired a new position in Wabash National in the 2nd quarter worth approximately $33,000. Point72 Hong Kong Ltd purchased a new position in Wabash National during the 2nd quarter worth approximately $34,000. Tradewinds Capital Management LLC purchased a new stake in shares of Wabash National in the first quarter valued at $48,000. Finally, CWM LLC boosted its position in shares of Wabash National by 353.5% in the second quarter. CWM LLC now owns 2,272 shares of the company’s stock worth $50,000 after buying an additional 1,771 shares during the period. 97.05% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Wabash National Price Performance

Shares of WNC stock opened at $17.98 on Monday. The stock’s 50-day moving average is $18.78 and its two-hundred day moving average is $20.98. Wabash National Co. has a fifty-two week low of $15.94 and a fifty-two week high of $30.07. The company has a quick ratio of 1.12, a current ratio of 1.88 and a debt-to-equity ratio of 1.97.

Wabash National (NYSE:WNC) last released its quarterly earnings data on Thursday, October 24th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.04). Wabash National had a negative net margin of 10.94% and a positive return on equity of 22.98%. The business had revenue of $464.00 million during the quarter, compared to analyst estimates of $477.35 million. During the same period in the previous year, the firm posted $1.16 EPS. The firm’s revenue for the quarter was down 26.7% on a year-over-year basis. As a group, analysts anticipate that Wabash National Co. will post 1.25 earnings per share for the current year.

Wabash National Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date is Thursday, October 10th. Wabash National’s dividend payout ratio is -5.89%.

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.