Wabash National (NYSE:WNC) Shares Gap Down Following Weak Earnings

Wabash National Co. (NYSE:WNC)’s stock price gapped down before the market opened on Wednesday following a dissappointing earnings announcement. The stock had previously closed at $15.64, but opened at $15.24. Wabash National shares last traded at $16.09, with a volume of 210,287 shares trading hands.

The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.04). Wabash National had a positive return on equity of 22.98% and a negative net margin of 10.94%. During the same quarter in the previous year, the firm earned $1.07 EPS.

Wabash National Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 30th. Stockholders of record on Friday, January 10th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.99%. The ex-dividend date of this dividend is Friday, January 10th. Wabash National’s dividend payout ratio (DPR) is presently -5.89%.

Insider Activity at Wabash National

In other Wabash National news, SVP Michael N. Pettit sold 1,500 shares of the company’s stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $17.19, for a total value of $25,785.00. Following the completion of the transaction, the senior vice president now owns 117,227 shares in the company, valued at $2,015,132.13. This represents a 1.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.78% of the stock is currently owned by corporate insiders.

Institutional Trading of Wabash National

Institutional investors and hedge funds have recently made changes to their positions in the company. Wasatch Advisors LP increased its stake in Wabash National by 6.7% in the third quarter. Wasatch Advisors LP now owns 1,875,190 shares of the company’s stock valued at $35,985,000 after purchasing an additional 117,704 shares during the period. State Street Corp grew its holdings in shares of Wabash National by 1.0% during the third quarter. State Street Corp now owns 1,744,629 shares of the company’s stock worth $33,479,000 after buying an additional 16,826 shares during the last quarter. Pacer Advisors Inc. acquired a new position in Wabash National in the 4th quarter valued at about $25,688,000. Royce & Associates LP raised its stake in Wabash National by 4.4% during the 3rd quarter. Royce & Associates LP now owns 1,246,060 shares of the company’s stock valued at $23,912,000 after acquiring an additional 52,044 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its position in Wabash National by 2.8% during the 3rd quarter. Victory Capital Management Inc. now owns 1,044,268 shares of the company’s stock worth $20,040,000 after acquiring an additional 28,913 shares during the period. 97.05% of the stock is owned by hedge funds and other institutional investors.

Wabash National Stock Up 2.7 %

The company has a current ratio of 1.88, a quick ratio of 1.12 and a debt-to-equity ratio of 1.97. The firm has a 50 day simple moving average of $17.76 and a two-hundred day simple moving average of $18.77. The company has a market capitalization of $696.00 million, a PE ratio of -2.95 and a beta of 1.57.

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.