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

Wabash National Co. (NYSE:WNC)’s stock price reached a new 52-week low during trading on Tuesday . The company traded as low as $12.35 and last traded at $12.30, with a volume of 987101 shares trading hands. The stock had previously closed at $12.40.

Wabash National Trading Up 0.7 %

The company has a 50 day moving average price of $15.93 and a 200 day moving average price of $17.91. The company has a debt-to-equity ratio of 2.10, a quick ratio of 1.09 and a current ratio of 1.93. The firm has a market cap of $543.83 million, a price-to-earnings ratio of -1.92 and a beta of 1.55.

Wabash National (NYSE:WNC) last announced its quarterly earnings results on Wednesday, January 29th. The company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates 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 quarter last year, the firm earned $1.07 EPS. On average, research analysts expect that Wabash National Co. will post 0.94 earnings per share for the current year.

Wabash National Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 24th. Investors of record on Thursday, April 3rd will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date of this dividend is Thursday, April 3rd. Wabash National’s dividend payout ratio (DPR) 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 shares were sold at an average price of $17.19, for a total transaction of $25,785.00. Following 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.78% of the stock is currently owned by corporate insiders.

Institutional Trading of Wabash National

A number of large investors have recently modified their holdings of the stock. Pacer Advisors Inc. purchased a new position in Wabash National in the fourth quarter valued at $25,688,000. First Trust Advisors LP raised its position in Wabash National by 22.5% in the 4th quarter. First Trust Advisors LP now owns 1,468,605 shares of the company’s stock valued at $25,157,000 after purchasing an additional 269,846 shares in the last quarter. Norges Bank purchased a new position in shares of Wabash National in the 4th quarter valued at about $4,341,000. Weiss Asset Management LP acquired a new position in shares of Wabash National during the third quarter worth about $3,457,000. Finally, Hotchkis & Wiley Capital Management LLC increased its stake in shares of Wabash National by 43.4% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 589,929 shares of the company’s stock worth $11,321,000 after buying an additional 178,430 shares during the period. Hedge funds and other institutional investors 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.