Wabash National (NYSE:WNC) Hits New 1-Year Low – What’s Next?

Wabash National Co. (NYSE:WNC) shares hit a new 52-week low on Monday . The stock traded as low as $15.35 and last traded at $15.44, with a volume of 137739 shares changing hands. The stock had previously closed at $15.59.

Wall Street Analysts Forecast Growth

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

Wabash National Stock Down 1.2 %

The company has a market cap of $667.87 million, a PE ratio of -2.84 and a beta of 1.57. The stock has a 50-day moving average of $17.89 and a 200-day moving average of $18.86. The company has a quick ratio of 1.12, a current ratio of 1.88 and a debt-to-equity ratio of 1.97.

Wabash National (NYSE:WNC) last issued its quarterly earnings results on Thursday, October 24th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.04). The business had revenue of $464.00 million for 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 business’s revenue was down 26.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.16 EPS. Sell-side analysts predict that Wabash National Co. will post 1.29 earnings per share for the current fiscal year.

Wabash National Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 30th. Stockholders of record on Friday, January 10th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date of this dividend is Friday, January 10th. Wabash National’s payout ratio is currently -5.89%.

Insider Buying and Selling at Wabash National

In other Wabash National news, SVP Michael N. Pettit sold 1,500 shares of the company’s stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $17.19, for a total transaction of $25,785.00. Following the completion of the sale, the senior vice president now directly owns 117,227 shares in the company, valued at $2,015,132.13. This represents a 1.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 1.78% of the company’s stock.

Institutional Investors Weigh In On Wabash National

Hedge funds and other institutional investors have recently modified their holdings of the stock. Kathleen S. Wright Associates Inc. purchased a new position in Wabash National in the 3rd quarter worth approximately $27,000. Gladius Capital Management LP purchased a new position in shares of Wabash National in the third quarter worth $29,000. Mackenzie Financial Corp raised its holdings in Wabash National by 15.6% during the 2nd quarter. Mackenzie Financial Corp now owns 12,431 shares of the company’s stock valued at $271,000 after buying an additional 1,677 shares during the last quarter. Inspire Investing LLC boosted its position in Wabash National by 8.7% during the 4th quarter. Inspire Investing LLC now owns 23,313 shares of the company’s stock valued at $399,000 after buying an additional 1,860 shares during the period. Finally, Quantinno Capital Management LP grew its holdings in Wabash National by 18.1% in the 3rd quarter. Quantinno Capital Management LP now owns 14,524 shares of the company’s stock worth $279,000 after acquiring an additional 2,227 shares during the last quarter. Institutional investors 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.