Wabash National (NYSE:WNC) Hits New 1-Year Low – Time to Sell?

Wabash National Co. (NYSE:WNC)’s stock price reached a new 52-week low during trading on Wednesday . The company traded as low as $14.78 and last traded at $14.81, with a volume of 124839 shares trading hands. The stock had previously closed at $15.07.

Wabash National Stock Performance

The company has a quick ratio of 1.09, a current ratio of 1.93 and a debt-to-equity ratio of 2.10. The firm has a market capitalization of $647.89 million, a price-to-earnings ratio of -2.29 and a beta of 1.55. The business has a 50-day moving average price of $17.39 and a 200-day moving average price of $18.51.

Wabash National (NYSE:WNC) last issued its quarterly earnings results on Wednesday, January 29th. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.04). Wabash National had a positive return on equity of 14.72% and a negative net margin of 14.59%. During the same quarter last year, the company posted $1.07 earnings per share. As a group, sell-side analysts forecast that Wabash National Co. will post 0.95 earnings per share for the current year.

Wabash National Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 30th. Shareholders of record on Friday, January 10th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 2.14%. The ex-dividend date was Friday, January 10th. Wabash National’s payout ratio is -4.91%.

Insider Buying and Selling at Wabash National

In other Wabash National news, SVP Michael N. Pettit sold 1,500 shares of the stock in a transaction that occurred on Tuesday, December 31st. The stock was 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 in the company, valued at approximately $2,015,132.13. This represents a 1.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through 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 added to or reduced their stakes in the business. Wasatch Advisors LP grew its stake in Wabash National by 6.7% during the 3rd quarter. Wasatch Advisors LP now owns 1,875,190 shares of the company’s stock worth $35,985,000 after purchasing an additional 117,704 shares in the last quarter. State Street Corp increased its stake in Wabash National by 1.0% in the third quarter. State Street Corp now owns 1,744,629 shares of the company’s stock valued at $33,479,000 after purchasing an additional 16,826 shares during the last quarter. Pacer Advisors Inc. acquired a new stake in Wabash National during the 4th quarter worth $25,688,000. Royce & Associates LP lifted its stake in Wabash National by 4.4% in the third quarter. Royce & Associates LP now owns 1,246,060 shares of the company’s stock valued at $23,912,000 after buying an additional 52,044 shares during the last quarter. Finally, Victory Capital Management Inc. increased its holdings in shares of Wabash National by 2.8% in the 3rd quarter. Victory Capital Management Inc. now owns 1,044,268 shares of the company’s stock valued at $20,040,000 after acquiring an additional 28,913 shares during the period. Institutional investors and hedge funds own 97.05% of the company’s stock.

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.