Wabash National (NYSE:WNC) Reaches New 12-Month Low – What’s Next?

Shares of Wabash National Co. (NYSE:WNC) reached a new 52-week low during trading on Tuesday . The company traded as low as $12.35 and last traded at $12.30, with a volume of 987101 shares traded. The stock had previously closed at $12.40.

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’s 50-day simple moving average is $16.24 and its 200 day simple moving average is $18.00. The stock has a market capitalization of $526.76 million, a P/E ratio of -1.86 and a beta of 1.55.

Wabash National (NYSE:WNC) last posted its 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 period last year, the company posted $1.07 EPS. Research analysts expect that Wabash National Co. will post 0.94 EPS for the current fiscal year.

Wabash National Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 24th. Stockholders of record on Thursday, April 3rd will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date is Thursday, April 3rd. Wabash National’s dividend payout ratio is currently -4.91%.

Insider Transactions at Wabash National

In related news, SVP Michael N. Pettit sold 1,500 shares of the business’s 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 completion of the transaction, the senior vice president now owns 117,227 shares of the company’s stock, valued at $2,015,132.13. The trade was a 1.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 1.78% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of WNC. Klein Pavlis & Peasley Financial Inc. grew its position in Wabash National by 11.1% in the third quarter. Klein Pavlis & Peasley Financial Inc. now owns 51,000 shares of the company’s stock valued at $979,000 after acquiring an additional 5,100 shares during the last quarter. Semanteon Capital Management LP grew its position in Wabash National by 96.0% in the third quarter. Semanteon Capital Management LP now owns 41,627 shares of the company’s stock valued at $799,000 after acquiring an additional 20,394 shares during the last quarter. Verity Asset Management Inc. bought a new position in Wabash National in the third quarter valued at about $233,000. GSA Capital Partners LLP grew its position in Wabash National by 100.6% in the third quarter. GSA Capital Partners LLP now owns 41,545 shares of the company’s stock valued at $797,000 after acquiring an additional 20,838 shares during the last quarter. Finally, Victory Capital Management Inc. grew its position in Wabash National by 2.8% in the third quarter. Victory Capital Management Inc. now owns 1,044,268 shares of the company’s stock valued at $20,040,000 after acquiring an additional 28,913 shares during the last quarter. Institutional investors 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.