Wabash National (NYSE:WNC) Trading 5.6% Higher – Time to Buy?

Wabash National Co. (NYSE:WNC) was up 5.6% on Thursday . The stock traded as high as $11.78 and last traded at $11.78. Approximately 395,613 shares traded hands during mid-day trading, a decline of 67% from the average daily volume of 1,186,852 shares. The stock had previously closed at $11.16.

Analyst Upgrades and Downgrades

Separately, DA Davidson lowered their price target on Wabash National from $18.00 to $14.00 and set a “neutral” rating on the stock in a research note on Monday, February 24th.

Wabash National Stock Performance

The firm has a market capitalization of $469.28 million, a price-to-earnings ratio of -1.70 and a beta of 1.64. The firm’s 50-day moving average price is $12.80 and its two-hundred day moving average price is $16.45. The company has a debt-to-equity ratio of 2.10, a quick ratio of 1.09 and a current ratio of 1.93.

Wabash National (NYSE:WNC) last announced its quarterly earnings results on Wednesday, January 29th. The company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.04). Wabash National had a negative net margin of 14.59% and a positive return on equity of 14.72%. During the same period last year, the business posted $1.07 earnings per share. Sell-side analysts predict that Wabash National Co. will post 0.94 earnings per share for the current year.

Wabash National Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 24th. Shareholders of record on Thursday, April 3rd will be paid a dividend of $0.08 per share. The ex-dividend date is Thursday, April 3rd. This represents a $0.32 annualized dividend and a yield of 2.89%. Wabash National’s dividend payout ratio is -4.91%.

Insider Buying and Selling at Wabash National

In other news, SVP Michael N. Pettit sold 1,500 shares of the company’s 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 directly 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 Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.78% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of WNC. Barclays PLC increased its stake in shares of Wabash National by 121.4% in the 3rd quarter. Barclays PLC now owns 163,251 shares of the company’s stock valued at $3,132,000 after buying an additional 89,522 shares during the period. Jane Street Group LLC raised its holdings in Wabash National by 46.8% during the 3rd quarter. Jane Street Group LLC now owns 160,946 shares of the company’s stock worth $3,089,000 after purchasing an additional 51,274 shares during the last quarter. HighTower Advisors LLC acquired a new position in Wabash National during the 3rd quarter valued at about $192,000. Oppenheimer & Co. Inc. bought a new position in shares of Wabash National in the 4th quarter valued at about $644,000. Finally, BNP Paribas Financial Markets grew its position in shares of Wabash National by 75.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 84,590 shares of the company’s stock worth $1,623,000 after buying an additional 36,490 shares during the period. 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.