48,007 Shares in Wabash National Corporation $WNC Acquired by Gallacher Capital Management LLC

Gallacher Capital Management LLC purchased a new stake in Wabash National Corporation (NYSE:WNC) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 48,007 shares of the company’s stock, valued at approximately $414,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. CANADA LIFE ASSURANCE Co purchased a new stake in Wabash National during the fourth quarter worth approximately $37,000. Quadrant Capital Group LLC boosted its position in Wabash National by 515.4% during the 4th quarter. Quadrant Capital Group LLC now owns 5,409 shares of the company’s stock worth $47,000 after purchasing an additional 4,530 shares during the period. CWM LLC boosted its position in Wabash National by 82.6% during the 4th quarter. CWM LLC now owns 6,099 shares of the company’s stock worth $53,000 after purchasing an additional 2,758 shares during the period. BNP Paribas Financial Markets increased its holdings in Wabash National by 104.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 8,085 shares of the company’s stock valued at $80,000 after purchasing an additional 4,129 shares in the last quarter. Finally, Alpine Global Management LLC purchased a new position in Wabash National in the fourth quarter valued at about $90,000. 97.05% of the stock is owned by institutional investors and hedge funds.

Wabash National Stock Up 7.0%

WNC stock opened at $13.41 on Friday. The company has a current ratio of 1.33, a quick ratio of 0.77 and a debt-to-equity ratio of 1.55. The firm has a 50 day simple moving average of $10.09 and a 200-day simple moving average of $9.75. The company has a market capitalization of $545.47 million, a P/E ratio of -8.38 and a beta of 1.43. Wabash National Corporation has a twelve month low of $6.63 and a twelve month high of $14.32.

Wabash National (NYSE:WNC) last posted its quarterly earnings results on Friday, May 1st. The company reported ($1.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.01) by ($0.16). Wabash National had a negative net margin of 4.41% and a negative return on equity of 30.16%. The company had revenue of $303.23 million during the quarter, compared to analyst estimates of $319.03 million. During the same period in the prior year, the company earned ($0.58) earnings per share. The company’s revenue was down 20.4% on a year-over-year basis. On average, equities research analysts predict that Wabash National Corporation will post -1.75 earnings per share for the current fiscal year.

Wabash National Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 23rd. Stockholders of record on Thursday, July 2nd will be given a $0.08 dividend. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $0.32 annualized dividend and a dividend yield of 2.4%. Wabash National’s payout ratio is presently -20.00%.

Wall Street Analysts Forecast Growth

WNC has been the topic of a number of recent research reports. Wall Street Zen cut Wabash National from a “sell” rating to a “strong sell” rating in a research note on Sunday, July 12th. Citizens Jmp assumed coverage on Wabash National in a report on Wednesday. They set an “outperform” rating and a $25.00 target price on the stock. DA Davidson upgraded Wabash National from a “neutral” rating to a “buy” rating and upped their price target for the stock from $8.50 to $20.00 in a report on Wednesday, June 17th. Finally, Weiss Ratings downgraded shares of Wabash National from a “sell (d+)” rating to a “sell (d-)” rating in a research report on Friday, May 15th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $18.00.

Wabash National Company Profile

Wabash National Corporation (NYSE: WNC) is a leading designer and manufacturer of transportation equipment and supply chain solutions. The company’s product portfolio includes dry freight van trailers, refrigerated vans, tank trailers, platform trailers, flatbeds and composite bodies. Wabash National also offers railcar products and modular building solutions, serving customers in a wide range of end markets such as food and beverage, chemicals, agriculture, waste management and construction.

Founded in 1985 and headquartered in Lafayette, Indiana, Wabash National has built a reputation for innovation in lightweight materials, advanced manufacturing processes and telematics integration.