Islay Capital Management LLC Buys 3,469 Shares of Wabash National Co. (NYSE:WNC)

Islay Capital Management LLC grew its stake in Wabash National Co. (NYSE:WNC) by 5.7% in the 3rd quarter, Holdings Channel reports. The firm owned 64,816 shares of the company’s stock after purchasing an additional 3,469 shares during the period. Islay Capital Management LLC’s holdings in Wabash National were worth $1,244,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Victory Capital Management Inc. grew its holdings in shares of Wabash National by 40.0% during the 2nd quarter. Victory Capital Management Inc. now owns 1,015,355 shares of the company’s stock worth $22,175,000 after acquiring an additional 290,287 shares during the period. Millennium Management LLC boosted its position in shares of Wabash National by 1,311.6% during the second quarter. Millennium Management LLC now owns 279,900 shares of the company’s stock valued at $6,113,000 after purchasing an additional 260,072 shares in the last quarter. American Century Companies Inc. raised its holdings in Wabash National by 19.7% in the second quarter. American Century Companies Inc. now owns 1,095,915 shares of the company’s stock worth $23,935,000 after purchasing an additional 180,080 shares in the last quarter. CX Institutional purchased a new position in Wabash National during the third quarter valued at $2,322,000. Finally, LSV Asset Management boosted its holdings in shares of Wabash National by 8.6% during the 2nd quarter. LSV Asset Management now owns 1,260,183 shares of the company’s stock valued at $27,522,000 after buying an additional 99,700 shares in the last quarter. 97.05% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Wabash National Stock Down 1.0 %

WNC stock opened at $19.16 on Monday. The company has a current ratio of 1.88, a quick ratio of 1.12 and a debt-to-equity ratio of 1.97. The firm has a 50 day moving average price of $18.64 and a 200-day moving average price of $20.27. Wabash National Co. has a 52-week low of $15.94 and a 52-week high of $30.07.

Wabash National (NYSE:WNC) last posted its quarterly earnings data on Thursday, October 24th. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $464.00 million for the quarter, compared to the consensus estimate of $477.35 million. During the same period last year, the business earned $1.16 EPS. The firm’s quarterly revenue was down 26.7% on a year-over-year basis. As a group, research analysts forecast that Wabash National Co. will post 1.29 EPS for the current year.

About Wabash National

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.