Islay Capital Management LLC Purchases 10,661 Shares of Wabash National Co. (NYSE:WNC)

Islay Capital Management LLC grew its position in Wabash National Co. (NYSE:WNC) by 30.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 45,198 shares of the company’s stock after acquiring an additional 10,661 shares during the period. Islay Capital Management LLC owned 0.10% of Wabash National worth $1,158,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Exchange Traded Concepts LLC bought a new position in Wabash National in the 3rd quarter worth approximately $654,000. Raymond James & Associates grew its holdings in shares of Wabash National by 161.7% in the 3rd quarter. Raymond James & Associates now owns 154,481 shares of the company’s stock valued at $3,263,000 after buying an additional 95,441 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Wabash National by 9.1% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 593,057 shares of the company’s stock valued at $12,525,000 after buying an additional 49,443 shares during the period. Inspire Investing LLC acquired a new position in shares of Wabash National in the 3rd quarter valued at $308,000. Finally, TD Asset Management Inc acquired a new position in shares of Wabash National in the 3rd quarter valued at $492,000. Institutional investors own 97.05% of the company’s stock.

Insider Activity

In other Wabash National news, Director Larry J. Magee sold 3,086 shares of the stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $26.50, for a total value of $81,779.00. Following the transaction, the director now directly owns 114,146 shares of the company’s stock, valued at approximately $3,024,869. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Wabash National news, Director Larry J. Magee sold 3,086 shares of the stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $26.50, for a total value of $81,779.00. Following the transaction, the director now directly owns 114,146 shares of the company’s stock, valued at approximately $3,024,869. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Priyadarshi Sudhanshu sold 1,010 shares of the stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $27.06, for a total transaction of $27,330.60. Following the completion of the transaction, the director now directly owns 6,386 shares in the company, valued at $172,805.16. The disclosure for this sale can be found here. 1.78% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Wabash National from a “buy” rating to a “hold” rating in a report on Friday.

Wabash National Stock Down 3.1 %

Shares of Wabash National stock traded down $0.75 during trading hours on Tuesday, reaching $23.30. 456,077 shares of the company’s stock were exchanged, compared to its average volume of 611,354. The company has a 50 day moving average of $27.21 and a two-hundred day moving average of $24.99. Wabash National Co. has a fifty-two week low of $20.09 and a fifty-two week high of $30.07. The company has a current ratio of 1.87, a quick ratio of 1.11 and a debt-to-equity ratio of 0.73. The stock has a market cap of $1.05 billion, a P/E ratio of 5.78 and a beta of 1.58.

Wabash National (NYSE:WNC) last posted its quarterly earnings data on Wednesday, April 24th. The company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.06). The business had revenue of $515.28 million for the quarter. Wabash National had a return on equity of 37.84% and a net margin of 8.15%. On average, sell-side analysts forecast that Wabash National Co. will post 2.19 EPS for the current fiscal year.

Wabash National Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 25th. Stockholders of record on Thursday, April 4th were issued a $0.08 dividend. The ex-dividend date was Wednesday, April 3rd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.37%. Wabash National’s payout ratio is 7.69%.

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.