Wabash National (NYSE:WNC) Sets New 12-Month Low – Here’s What Happened

Wabash National Co. (NYSE:WNC)’s stock price reached a new 52-week low on Thursday . The company traded as low as $15.35 and last traded at $15.97, with a volume of 1425568 shares. The stock had previously closed at $17.02.

Analyst Upgrades and Downgrades

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

Wabash National Price Performance

The company has a 50-day moving average of $18.26 and a 200 day moving average of $19.08. The company has a quick ratio of 1.12, a current ratio of 1.88 and a debt-to-equity ratio of 1.97. The stock has a market capitalization of $700.98 million, a PE ratio of -2.98 and a beta of 1.57.

Wabash National (NYSE:WNC) last posted its quarterly earnings results 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 positive return on equity of 22.98% and a negative net margin of 10.94%. The business had revenue of $464.00 million for the quarter, compared to analyst estimates of $477.35 million. The business’s revenue was down 26.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.16 earnings per share. Sell-side analysts predict that Wabash National Co. will post 1.29 EPS for the current year.

Wabash National Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 30th. Shareholders of record on Friday, January 10th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date of this dividend is Friday, January 10th. Wabash National’s dividend payout ratio (DPR) is presently -5.89%.

Insider Activity at Wabash National

In other Wabash National news, SVP Michael N. Pettit sold 1,500 shares of the business’s stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $17.19, for a total value of $25,785.00. Following the transaction, the senior vice president now directly owns 117,227 shares in the company, valued at $2,015,132.13. The trade was a 1.26 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.78% of the stock is currently owned by insiders.

Institutional Trading of Wabash National

A number of hedge funds and other institutional investors have recently made changes to their positions in WNC. American Century Companies Inc. increased its stake in Wabash National by 19.7% during the second quarter. American Century Companies Inc. now owns 1,095,915 shares of the company’s stock worth $23,935,000 after acquiring an additional 180,080 shares during the last quarter. Hsbc Holdings PLC grew its holdings in shares of Wabash National by 11.3% during the 2nd quarter. Hsbc Holdings PLC now owns 31,069 shares of the company’s stock worth $679,000 after purchasing an additional 3,164 shares during the period. XTX Topco Ltd acquired a new stake in shares of Wabash National during the 2nd quarter worth about $316,000. Inspire Investing LLC raised its holdings in Wabash National by 31.1% in the 2nd quarter. Inspire Investing LLC now owns 15,953 shares of the company’s stock valued at $348,000 after buying an additional 3,789 shares during the period. Finally, Canada Pension Plan Investment Board acquired a new position in Wabash National in the second quarter valued at about $66,000. Institutional investors and hedge funds own 97.05% of the company’s stock.

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.