Wabash National (NYSE:WNC) Sets New 12-Month Low – Here’s What Happened

Wabash National Co. (NYSE:WNC)’s stock price hit a new 52-week low on Tuesday . The stock traded as low as $13.25 and last traded at $13.41, with a volume of 822222 shares traded. The stock had previously closed at $13.60.

Wabash National Trading Down 5.0 %

The business has a 50-day moving average price of $16.82 and a 200-day moving average price of $18.24. The company has a quick ratio of 1.09, a current ratio of 1.93 and a debt-to-equity ratio of 2.10. The firm has a market capitalization of $548.25 million, a P/E ratio of -1.94 and a beta of 1.55.

Wabash National (NYSE:WNC) last posted 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 last year, the company posted $1.07 EPS. Analysts anticipate that Wabash National Co. will post 0.94 earnings per share for the current year.

Wabash National Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 30th. Investors of record on Friday, January 10th were given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 2.53%. The ex-dividend date of this dividend was Friday, January 10th. Wabash National’s dividend payout ratio (DPR) is presently -4.91%.

Insider Buying and Selling at Wabash National

In other news, SVP Michael N. Pettit sold 1,500 shares of the stock in a transaction that occurred on Tuesday, December 31st. The stock was 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 directly owns 117,227 shares of the company’s stock, valued at approximately $2,015,132.13. This represents a 1.26 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.78% of the company’s stock.

Institutional Trading of Wabash National

A number of large investors have recently bought and sold shares of the stock. Gladius Capital Management LP acquired a new stake in shares of Wabash National in the 3rd quarter valued at $29,000. Meeder Asset Management Inc. acquired a new position in Wabash National in the third quarter valued at about $44,000. EMC Capital Management grew its stake in Wabash National by 88.1% during the fourth quarter. EMC Capital Management now owns 8,250 shares of the company’s stock worth $141,000 after buying an additional 3,864 shares during the last quarter. AlphaQuest LLC grew its stake in Wabash National by 332,066.7% during the fourth quarter. AlphaQuest LLC now owns 9,965 shares of the company’s stock worth $171,000 after buying an additional 9,962 shares during the last quarter. Finally, HighTower Advisors LLC acquired a new stake in shares of Wabash National during the third quarter worth approximately $192,000. 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.