Wabash National (NYSE:WNC) Reaches New 1-Year Low – Here’s What Happened

Shares of Wabash National Co. (NYSE:WNC) hit a new 52-week low during trading on Wednesday . The company traded as low as $14.78 and last traded at $14.81, with a volume of 124839 shares trading hands. The stock had previously closed at $15.07.

Wabash National Stock Down 4.8 %

The firm has a market capitalization of $590.72 million, a price-to-earnings ratio of -2.09 and a beta of 1.55. The business’s 50-day moving average is $17.19 and its two-hundred day moving average is $18.46. The company has a debt-to-equity ratio of 2.10, a quick ratio of 1.09 and a current ratio of 1.93.

Wabash National (NYSE:WNC) last announced its quarterly earnings results on Wednesday, January 29th. The company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.04). Wabash National had a positive return on equity of 14.72% and a negative net margin of 14.59%. During the same quarter in the prior year, the firm earned $1.07 EPS. On average, equities analysts anticipate that Wabash National Co. will post 0.95 earnings per share for the current year.

Wabash National Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 30th. Shareholders of record on Friday, January 10th were issued a $0.08 dividend. The ex-dividend date was Friday, January 10th. This represents a $0.32 annualized dividend and a dividend yield of 2.35%. Wabash National’s dividend payout ratio (DPR) is currently -4.91%.

Insider Activity

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

Institutional Investors Weigh In On Wabash National

A number of hedge funds and other institutional investors have recently bought and sold shares of WNC. Bank of Montreal Can boosted its stake in shares of Wabash National by 61.8% during the 2nd quarter. Bank of Montreal Can now owns 16,971 shares of the company’s stock worth $373,000 after buying an additional 6,483 shares during the last quarter. Millennium Management LLC raised its stake in shares of Wabash National by 1,311.6% during the 2nd quarter. Millennium Management LLC now owns 279,900 shares of the company’s stock worth $6,113,000 after purchasing an additional 260,072 shares in the last quarter. Sanctuary Advisors LLC bought a new position in shares of Wabash National in the second quarter valued at $294,000. SG Americas Securities LLC increased its holdings in Wabash National by 101.0% during the third quarter. SG Americas Securities LLC now owns 22,025 shares of the company’s stock worth $423,000 after buying an additional 11,068 shares during the last quarter. Finally, Inspire Investing LLC increased its stake in shares of Wabash National by 34.5% during the 3rd quarter. Inspire Investing LLC now owns 21,453 shares of the company’s stock worth $412,000 after purchasing an additional 5,500 shares during the last quarter. Institutional investors and hedge funds 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.