Wabash National Corporation $WNC Shares Sold by RWWM Inc.

RWWM Inc. reduced its stake in Wabash National Corporation (NYSE:WNC) by 13.8% in Q2, now holding 314,287 shares. Other investors, including Allworth Financial and CWM LLC, significantly increased their positions. Wabash National's stock is down 2.5%, trading at $8.10, with a market cap of $331.61 million. The company reported a negative net margin of 6.38% and a dividend yield of 4.0%. Analysts have set a consensus rating of "Reduce" with a price target of $9.00.

RWWM Inc. trimmed its position in shares of Wabash National Corporation (NYSE:WNC - Free Report) by 13.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 314,287 shares of the company's stock after selling 50,204 shares during the quarter. Wabash National accounts for approximately 0.3% of RWWM Inc.'s portfolio, making the stock its 15th largest holding. RWWM Inc. owned about 0.77% of Wabash National worth $3,341,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Allworth Financial LP grew its position in Wabash National by 268.8% during the first quarter. Allworth Financial LP now owns 3,220 shares of the company's stock worth $34,000 after buying an additional 2,347 shares during the period. CWM LLC grew its position in Wabash National by 1,520.7% during the first quarter. CWM LLC now owns 5,235 shares of the company's stock worth $58,000 after buying an additional 4,912 shares during the period. GAMMA Investing LLC grew its position in Wabash National by 982.1% during the first quarter. GAMMA Investing LLC now owns 7,683 shares of the company's stock worth $85,000 after buying an additional 6,973 shares during the period. Signaturefd LLC grew its position in Wabash National by 1,517.3% during the first quarter. Signaturefd LLC now owns 8,976 shares of the company's stock worth $99,000 after buying an additional 8,421 shares during the period. Finally, Baker Ellis Asset Management LLC acquired a new position in Wabash National during the second quarter worth about $120,000. 97.05% of the stock is currently owned by institutional investors and hedge funds.

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Wabash National Stock Down 2.5%

Shares of NYSE WNC opened at $8.10 on Friday. Wabash National Corporation has a 12-month low of $6.78 and a 12-month high of $20.63. The company has a market capitalization of $331.61 million, a PE ratio of -3.35 and a beta of 1.66. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.68 and a quick ratio of 1.00. The firm's 50-day moving average is $10.13 and its two-hundred day moving average is $9.98.

Wabash National (NYSE:WNC - Get Free Report) last announced its quarterly earnings data on Wednesday, December 1st. The company reported $0.22 earnings per share (EPS) for the quarter. The business had revenue of $482.57 million for the quarter. Wabash National had a negative net margin of 6.38% and a negative return on equity of 7.91%. Wabash National has set its Q4 2021 guidance at $0.100-$0.150 EPS. Equities analysts anticipate that Wabash National Corporation will post 0.94 EPS for the current fiscal year.

Wabash National Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 23rd. Investors of record on Thursday, October 2nd were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, October 2nd. This represents a $0.32 annualized dividend and a dividend yield of 4.0%. Wabash National's dividend payout ratio is presently -13.22%.

Analyst Ratings Changes

WNC has been the topic of several recent analyst reports. National Bankshares set a $9.00 target price on shares of Wabash National in a research report on Thursday, October 23rd. DA Davidson reduced their price target on shares of Wabash National from $9.50 to $9.00 and set a "neutral" rating on the stock in a report on Monday, October 13th. Finally, Weiss Ratings reaffirmed a "sell (d)" rating on shares of Wabash National in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Reduce" and an average price target of $9.00.

Read Our Latest Report on WNC

Wabash National Company Profile

(Free Report)

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.

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