Wabash National (NYSE:WNC) Reaches New 1-Year Low – Should You Sell?

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

Wabash National Stock Performance

The company has a debt-to-equity ratio of 2.10, a current ratio of 1.93 and a quick ratio of 1.09. The stock has a fifty day moving average of $17.07 and a two-hundred day moving average of $18.35.

Wabash National (NYSE:WNC) last issued its quarterly earnings data on Wednesday, January 29th. The company reported ($0.02) EPS 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 period last year, the firm posted $1.07 EPS. As a group, equities research analysts predict that Wabash National Co. will post 0.94 EPS 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 paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 2.39%. The ex-dividend date was Friday, January 10th. Wabash National’s dividend payout ratio (DPR) is -4.91%.

Insider Activity at Wabash National

In related 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 $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 available through the SEC website. 1.78% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Wabash National

A number of institutional investors and hedge funds have recently added to or reduced their stakes in WNC. Pacer Advisors Inc. bought a new position in Wabash National in the 4th quarter worth approximately $25,688,000. Weiss Asset Management LP bought a new position in Wabash National in the 3rd quarter worth approximately $3,457,000. Hotchkis & Wiley Capital Management LLC grew its holdings in Wabash National by 43.4% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 589,929 shares of the company’s stock worth $11,321,000 after buying an additional 178,430 shares in the last quarter. Raymond James Financial Inc. bought a new position in Wabash National in the 4th quarter worth approximately $2,827,000. Finally, CX Institutional bought a new position in Wabash National in the 3rd quarter worth approximately $2,322,000. 97.05% of the stock is owned by institutional investors.

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.