Empowered Funds LLC Has $5.47 Million Holdings in Wabash National Co. (NYSE:WNC)

Empowered Funds LLC lifted its stake in Wabash National Co. (NYSE:WNC - Free Report) by 17.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 285,261 shares of the company's stock after acquiring an additional 41,852 shares during the quarter. Empowered Funds LLC owned approximately 0.66% of Wabash National worth $5,474,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Royce & Associates LP increased its position in Wabash National by 4.4% during the third quarter. Royce & Associates LP now owns 1,246,060 shares of the company's stock worth $23,912,000 after buying an additional 52,044 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Wabash National by 2.8% during the third quarter. Victory Capital Management Inc. now owns 1,044,268 shares of the company's stock worth $20,040,000 after acquiring an additional 28,913 shares during the period. GSA Capital Partners LLP boosted its holdings in shares of Wabash National by 100.6% during the third quarter. GSA Capital Partners LLP now owns 41,545 shares of the company's stock worth $797,000 after acquiring an additional 20,838 shares during the period. Verity Asset Management Inc. bought a new stake in shares of Wabash National during the third quarter worth approximately $233,000. Finally, Semanteon Capital Management LP boosted its holdings in shares of Wabash National by 96.0% during the third quarter. Semanteon Capital Management LP now owns 41,627 shares of the company's stock worth $799,000 after acquiring an additional 20,394 shares during the period. Institutional investors and hedge funds own 97.05% of the company's stock.

Wabash National Price Performance

Shares of WNC stock traded down $0.13 during trading on Monday, hitting $19.03. The company had a trading volume of 301,880 shares, compared to its average volume of 587,665. The company has a debt-to-equity ratio of 1.97, a quick ratio of 1.12 and a current ratio of 1.88. The firm has a market capitalization of $824.76 million, a P/E ratio of -3.53 and a beta of 1.54. The stock's 50-day moving average price is $18.64 and its 200 day moving average price is $20.25. Wabash National Co. has a one year low of $15.94 and a one year high of $30.07.

Wabash National (NYSE:WNC - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.04). The company had revenue of $464.00 million during the quarter, compared to the consensus estimate of $477.35 million. Wabash National had a negative net margin of 10.94% and a positive return on equity of 22.98%. The company's quarterly revenue was down 26.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.16 earnings per share. Equities analysts expect that Wabash National Co. will post 1.29 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, DA Davidson restated a "neutral" rating and set a $18.00 price objective on shares of Wabash National in a report on Monday, September 30th.

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.