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

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

Wabash National Price Performance

The company has a market capitalization of $548.25 million, a P/E ratio of -1.94 and a beta of 1.55. The company’s 50-day simple moving average is $16.82 and its 200 day simple moving average is $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.

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 the consensus estimate of $0.02 by ($0.04). Wabash National had a negative net margin of 14.59% and a positive return on equity of 14.72%. During the same period in the prior year, the business earned $1.07 EPS. As a group, sell-side analysts expect that Wabash National Co. will post 0.94 earnings per share for the current fiscal year.

Wabash National Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 30th. Stockholders of record on Friday, January 10th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date of this dividend was Friday, January 10th. Wabash National’s payout ratio is -4.91%.

Insider Buying and Selling

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 transaction 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 approximately $2,015,132.13. The trade was a 1.26 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.78% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in WNC. Barclays PLC boosted its position in shares of Wabash National by 121.4% in the third quarter. Barclays PLC now owns 163,251 shares of the company’s stock valued at $3,132,000 after acquiring an additional 89,522 shares during the period. Jane Street Group LLC raised its stake in Wabash National by 46.8% during the 3rd quarter. Jane Street Group LLC now owns 160,946 shares of the company’s stock valued at $3,089,000 after purchasing an additional 51,274 shares during the last quarter. HighTower Advisors LLC bought a new stake in Wabash National in the 3rd quarter valued at $192,000. BNP Paribas Financial Markets grew its position in Wabash National by 75.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 84,590 shares of the company’s stock worth $1,623,000 after purchasing an additional 36,490 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Wabash National by 5.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 856,438 shares of the company’s stock worth $16,435,000 after purchasing an additional 46,451 shares during the period. 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.