Insider Selling: Wabash National Co. (NYSE:WNC) CEO Sells 1,836 Shares of Stock

Wabash National Co. (NYSE:WNC) CEO Brent L. Yeagy sold 1,836 shares of the company’s stock in a transaction on Monday, May 3rd. The stock was sold at an average price of $17.79, for a total transaction of $32,662.44. Following the completion of the sale, the chief executive officer now owns 407,496 shares of the company’s stock, valued at $7,249,353.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Shares of WNC opened at $18.10 on Tuesday. The company has a 50-day simple moving average of $18.68 and a 200-day simple moving average of $17.42. The firm has a market capitalization of $932.46 million, a P/E ratio of -14.96 and a beta of 1.93. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.30 and a current ratio of 2.17. Wabash National Co. has a 52 week low of $6.76 and a 52 week high of $20.55.

Wabash National (NYSE:WNC) last announced its quarterly earnings data on Wednesday, April 28th. The company reported $0.06 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.07. The business had revenue of $392.00 million during the quarter, compared to analyst estimates of $410.22 million. Wabash National had a negative net margin of 3.34% and a positive return on equity of 9.08%. The firm’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.04) earnings per share. As a group, equities analysts forecast that Wabash National Co. will post -0.21 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 29th. Investors of record on Thursday, April 8th were given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 1.77%. The ex-dividend date of this dividend was Wednesday, April 7th. Wabash National’s dividend payout ratio (DPR) is presently 19.75%.

A number of large investors have recently bought and sold shares of WNC. Veriti Management LLC acquired a new position in Wabash National in the fourth quarter worth about $43,000. Truvestments Capital LLC acquired a new position in Wabash National in the fourth quarter worth about $52,000. Nisa Investment Advisors LLC raised its position in Wabash National by 331.4% in the fourth quarter. Nisa Investment Advisors LLC now owns 3,710 shares of the company’s stock worth $64,000 after purchasing an additional 2,850 shares in the last quarter. NEXT Financial Group Inc raised its position in Wabash National by 287.2% in the fourth quarter. NEXT Financial Group Inc now owns 11,460 shares of the company’s stock worth $197,000 after purchasing an additional 8,500 shares in the last quarter. Finally, ProShare Advisors LLC acquired a new position in Wabash National in the fourth quarter worth about $219,000.

A number of equities research analysts recently issued reports on WNC shares. Craig Hallum upped their price objective on shares of Wabash National from $16.00 to $18.00 and gave the stock a “hold” rating in a report on Wednesday, April 28th. They noted that the move was a valuation call. Raymond James upped their price target on shares of Wabash National from $20.00 to $21.00 and gave the company a “strong-buy” rating in a report on Tuesday, April 27th. Vertical Research assumed coverage on shares of Wabash National in a report on Thursday, April 1st. They set a “buy” rating and a $25.00 price target for the company. Finally, Zacks Investment Research cut shares of Wabash National from a “hold” rating to a “sell” rating in a report on Saturday, February 6th. One research analyst has rated the stock with a sell rating, two have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. Wabash National has a consensus rating of “Hold” and an average target price of $20.00.

Wabash National Company Profile

Wabash National Corporation designs, manufactures, and distributes engineered solutions for the transportation, logistics, and distribution industries primarily in the United States. The company operates through three segments: Commercial Trailer Products, Diversified Products, and Final Mile Products.

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