Wabash National (NYSE:WNC) Stock Price Down 4.9% – What’s Next?

Shares of Wabash National Co. (NYSE:WNC) traded down 4.9% during trading on Wednesday . The company traded as low as $16.13 and last traded at $16.19. 102,431 shares changed hands during mid-day trading, a decline of 72% from the average session volume of 367,130 shares. The stock had previously closed at $17.02.

Analyst Ratings Changes

Separately, DA Davidson restated a “neutral” rating and set a $18.00 price objective on shares of Wabash National in a research report on Monday, September 30th.

Wabash National Price Performance

The stock has a market capitalization of $678.66 million, a PE ratio of -2.88 and a beta of 1.57. The firm’s 50 day simple moving average is $18.46 and its 200 day simple moving average is $19.16. The company has a debt-to-equity ratio of 1.97, a current ratio of 1.88 and a quick ratio of 1.12.

Wabash National (NYSE:WNC) last issued its earnings results on Thursday, October 24th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.04). The firm had revenue of $464.00 million during the quarter, compared to the consensus estimate of $477.35 million. Wabash National had a positive return on equity of 22.98% and a negative net margin of 10.94%. The firm’s revenue for the quarter was down 26.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.16 EPS. As a group, equities analysts forecast that Wabash National Co. will post 1.29 EPS for the current fiscal year.

Wabash National Announces Dividend

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 paid a dividend of $0.08 per share. The ex-dividend date is Friday, January 10th. This represents a $0.32 annualized dividend and a dividend yield of 2.04%. Wabash National’s dividend payout ratio (DPR) is presently -5.89%.

Insider Transactions at Wabash National

In other news, SVP Michael N. Pettit sold 1,500 shares of the company’s stock in a transaction that occurred 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 transaction, the senior vice president now owns 117,227 shares in the company, valued at approximately $2,015,132.13. This represents a 1.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 1.78% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Millennium Management LLC lifted its position in Wabash National by 1,311.6% during the second quarter. Millennium Management LLC now owns 279,900 shares of the company’s stock valued at $6,113,000 after purchasing an additional 260,072 shares in the last quarter. Weiss Asset Management LP bought a new position in shares of Wabash National during the 3rd quarter valued at approximately $3,457,000. American Century Companies Inc. raised its stake in Wabash National by 19.7% during the 2nd quarter. American Century Companies Inc. now owns 1,095,915 shares of the company’s stock worth $23,935,000 after acquiring an additional 180,080 shares during the period. Hotchkis & Wiley Capital Management LLC lifted its holdings in Wabash National by 43.4% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 589,929 shares of the company’s stock valued at $11,321,000 after purchasing an additional 178,430 shares in the last quarter. Finally, CX Institutional purchased a new position in Wabash National during the third quarter valued at approximately $2,322,000. 97.05% of the stock is currently owned by institutional investors.

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.