Michael N. Pettit Sells 1,500 Shares of Wabash National Co. (NYSE:WNC) Stock

Wabash National Co. (NYSE:WNC) SVP Michael N. Pettit sold 1,500 shares of Wabash National stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of $17.19, for a total transaction of $25,785.00. Following the transaction, the senior vice president now owns 117,227 shares of the company’s stock, valued at $2,015,132.13. The trade was a 1.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Wabash National Stock Performance

WNC stock traded up $0.12 during trading on Friday, reaching $17.12. The stock had a trading volume of 286,037 shares, compared to its average volume of 361,568. The firm has a market cap of $741.93 million, a PE ratio of -3.15 and a beta of 1.54. 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 stock’s 50 day moving average is $18.61 and its two-hundred day moving average is $19.44. 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 EPS for the quarter, missing the consensus estimate 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 company had revenue of $464.00 million during the quarter, compared to analysts’ expectations of $477.35 million. During the same quarter last year, the company earned $1.16 earnings per share. The company’s revenue for the quarter was down 26.7% on a year-over-year basis. As a group, equities analysts anticipate that Wabash National Co. will post 1.29 earnings per share for the current year.

Wabash National Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 30th. Shareholders of record on Thursday, January 9th will be issued a dividend of $0.08 per share. The ex-dividend date is Thursday, January 9th. This represents a $0.32 dividend on an annualized basis and a yield of 1.87%. Wabash National’s dividend payout ratio is presently -5.89%.

Hedge Funds Weigh In On Wabash National

A number of hedge funds have recently made changes to their positions in the business. Rhumbline Advisers boosted its holdings in shares of Wabash National by 3.9% during the 2nd quarter. Rhumbline Advisers now owns 144,566 shares of the company’s stock valued at $3,157,000 after purchasing an additional 5,433 shares during the last quarter. VELA Investment Management LLC lifted its holdings in shares of Wabash National by 19.0% in the 2nd quarter. VELA Investment Management LLC now owns 182,102 shares of the company’s stock valued at $3,977,000 after acquiring an additional 29,011 shares during the last quarter. Victory Capital Management Inc. grew its position in Wabash National by 40.0% in the second 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 in the last quarter. Koss Olinger Consulting LLC bought a new stake in shares of Wabash National in the 2nd quarter valued at approximately $438,000. Finally, LSV Asset Management boosted its stake in Wabash National by 8.6% during the second quarter. LSV Asset Management now owns 1,260,183 shares of the company’s stock worth $27,522,000 after buying an additional 99,700 shares during the period. Institutional investors own 97.05% of the company’s stock.

Analyst Ratings Changes

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

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.