Creative Planning Sells 69,554 Shares of Wabash National Corporation $WNC

Creative Planning decreased its holdings in Wabash National Corporation (NYSE:WNC) by 59.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 48,275 shares of the company’s stock after selling 69,554 shares during the period. Creative Planning owned 0.12% of Wabash National worth $513,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of WNC. PNC Financial Services Group Inc. increased its holdings in Wabash National by 55.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 3,710 shares of the company’s stock valued at $39,000 after acquiring an additional 1,331 shares during the last quarter. SummerHaven Investment Management LLC grew its position in shares of Wabash National by 3.7% during the second quarter. SummerHaven Investment Management LLC now owns 38,962 shares of the company’s stock valued at $414,000 after purchasing an additional 1,396 shares in the last quarter. Inspire Investing LLC increased its holdings in shares of Wabash National by 17.1% in the second quarter. Inspire Investing LLC now owns 36,431 shares of the company’s stock worth $387,000 after purchasing an additional 5,333 shares during the last quarter. Bridgeway Capital Management LLC increased its holdings in shares of Wabash National by 2.9% in the first quarter. Bridgeway Capital Management LLC now owns 290,129 shares of the company’s stock worth $3,206,000 after purchasing an additional 8,205 shares during the last quarter. Finally, Empowered Funds LLC lifted its position in shares of Wabash National by 4.2% in the first quarter. Empowered Funds LLC now owns 202,429 shares of the company’s stock worth $2,237,000 after buying an additional 8,205 shares in the last quarter. Institutional investors own 97.05% of the company’s stock.

Wabash National Trading Up 0.7%

WNC stock opened at $9.31 on Friday. Wabash National Corporation has a twelve month low of $6.78 and a twelve month high of $20.63. The stock has a market capitalization of $377.20 million, a price-to-earnings ratio of 1.53 and a beta of 1.66. The company has a quick ratio of 0.86, a current ratio of 1.35 and a debt-to-equity ratio of 1.01. The firm’s fifty day simple moving average is $8.59 and its two-hundred day simple moving average is $9.78.

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

Wabash National Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 29th. Stockholders of record on Thursday, January 8th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Thursday, January 8th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 3.4%. Wabash National’s dividend payout ratio is currently 5.26%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on WNC. National Bankshares set a $9.00 price target on Wabash National in a report on Thursday, October 23rd. Weiss Ratings reiterated a “sell (d+)” rating on shares of Wabash National in a research report on Monday. DA Davidson restated a “neutral” rating and issued a $9.00 price target on shares of Wabash National in a research report on Friday, November 21st. Zacks Research downgraded shares of Wabash National from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 30th. Finally, Wall Street Zen raised shares of Wabash National from a “sell” rating to a “hold” rating in a research note on Sunday, November 9th. One equities research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Wabash National has an average rating of “Sell” and a consensus target price of $9.00.

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.