Wabash National (NYSE:WNC) Upgraded to “Buy” by StockNews.com

StockNews.com upgraded shares of Wabash National (NYSE:WNCFree Report) from a hold rating to a buy rating in a report issued on Tuesday.

Wabash National Stock Performance

Shares of NYSE WNC opened at $27.98 on Tuesday. The company’s fifty day moving average price is $27.08 and its 200 day moving average price is $24.36. Wabash National has a 1 year low of $20.09 and a 1 year high of $30.07. The company has a market capitalization of $1.26 billion, a PE ratio of 5.82 and a beta of 1.58. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.17 and a current ratio of 1.93.

Wabash National (NYSE:WNCGet Free Report) last announced its quarterly earnings results on Thursday, February 1st. The company reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.18. Wabash National had a net margin of 9.12% and a return on equity of 46.87%. The firm had revenue of $596.10 million for the quarter, compared to the consensus estimate of $633.68 million. During the same period in the prior year, the firm posted $0.84 earnings per share. The firm’s quarterly revenue was down 9.3% compared to the same quarter last year. On average, research analysts predict that Wabash National will post 2.19 earnings per share for the current year.

Wabash National Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 25th. Shareholders of record on Thursday, April 4th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.14%. The ex-dividend date of this dividend is Wednesday, April 3rd. Wabash National’s payout ratio is 6.65%.

Insider Buying and Selling at Wabash National

In other Wabash National news, Director Priyadarshi Sudhanshu sold 1,010 shares of the stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $27.06, for a total transaction of $27,330.60. Following the transaction, the director now directly owns 6,386 shares of the company’s stock, valued at $172,805.16. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Wabash National news, Director Priyadarshi Sudhanshu sold 1,010 shares of the stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $27.06, for a total transaction of $27,330.60. Following the transaction, the director now directly owns 6,386 shares of the company’s stock, valued at $172,805.16. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Larry J. Magee sold 3,086 shares of the stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $26.50, for a total transaction of $81,779.00. Following the transaction, the director now directly owns 114,146 shares in the company, valued at $3,024,869. The disclosure for this sale can be found here. Insiders own 1.13% of the company’s stock.

Institutional Investors Weigh In On Wabash National

Hedge funds have recently modified their holdings of the business. Gladius Capital Management LP acquired a new stake in shares of Wabash National in the fourth quarter valued at about $36,000. Quadrant Capital Group LLC increased its position in Wabash National by 61.3% during the fourth quarter. Quadrant Capital Group LLC now owns 1,486 shares of the company’s stock worth $38,000 after purchasing an additional 565 shares during the last quarter. West Tower Group LLC acquired a new stake in Wabash National during the second quarter worth about $41,000. Quantbot Technologies LP acquired a new stake in Wabash National during the first quarter worth about $26,000. Finally, Quarry LP increased its position in Wabash National by 451.5% during the first quarter. Quarry LP now owns 2,002 shares of the company’s stock worth $49,000 after purchasing an additional 1,639 shares during the last quarter. 97.05% of the stock is currently owned by institutional investors and hedge funds.

Wabash National Company Profile

(Get Free Report)

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.

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