Wabash National’s (WNC) Neutral Rating Reiterated at DA Davidson

DA Davidson reissued their neutral rating on shares of Wabash National (NYSE:WNC) in a report published on Monday, Benzinga reports. DA Davidson currently has a $23.00 price objective on the stock.

Separately, StockNews.com cut shares of Wabash National from a buy rating to a hold rating in a research report on Friday, April 26th.

Wabash National Stock Up 0.2 %

NYSE WNC opened at $21.15 on Monday. The stock has a market capitalization of $952.17 million, a P/E ratio of 5.08 and a beta of 1.60. Wabash National has a 52 week low of $20.09 and a 52 week high of $30.07. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.11 and a current ratio of 1.87. The stock has a fifty day moving average of $22.46 and a 200-day moving average of $25.07.

Wabash National (NYSE:WNC) last issued its earnings results on Wednesday, April 24th. The company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.06). The business had revenue of $515.28 million during the quarter. Wabash National had a net margin of 8.15% and a return on equity of 37.84%. On average, equities research analysts forecast that Wabash National will post 2.17 EPS for the current year.

Wabash National Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 25th. Investors of record on Wednesday, July 3rd will be given a $0.08 dividend. The ex-dividend date is Wednesday, July 3rd. This represents a $0.32 annualized dividend and a dividend yield of 1.51%. Wabash National’s dividend payout ratio is presently 7.69%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of WNC. SummerHaven Investment Management LLC grew its position in Wabash National by 1.4% in the fourth quarter. SummerHaven Investment Management LLC now owns 30,225 shares of the company’s stock valued at $774,000 after purchasing an additional 404 shares in the last quarter. Exchange Traded Concepts LLC boosted its holdings in shares of Wabash National by 1.4% in the 4th quarter. Exchange Traded Concepts LLC now owns 31,423 shares of the company’s stock valued at $805,000 after buying an additional 447 shares during the last quarter. Franklin Resources Inc. grew its position in shares of Wabash National by 1.5% in the 4th quarter. Franklin Resources Inc. now owns 34,277 shares of the company’s stock valued at $878,000 after acquiring an additional 510 shares during the period. Quadrant Capital Group LLC raised its holdings in shares of Wabash National by 61.3% in the 4th quarter. Quadrant Capital Group LLC now owns 1,486 shares of the company’s stock valued at $38,000 after purchasing an additional 565 shares during the period. Finally, QRG Capital Management Inc. lifted its stake in Wabash National by 4.2% in the 1st quarter. QRG Capital Management Inc. now owns 14,910 shares of the company’s stock valued at $446,000 after purchasing an additional 606 shares during the last quarter. 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.