Wabash National Co. (NYSE:WNC) SVP Sells $25,785.00 in Stock

Wabash National Co. (NYSE:WNC) 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 sale, the senior vice president now owns 117,227 shares in the company, valued at $2,015,132.13. The trade was a 1.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Wabash National Stock Performance

WNC stock opened at $17.12 on Friday. The company has a market capitalization of $741.93 million, a P/E ratio of -3.15 and a beta of 1.54. The company has a quick ratio of 1.12, a current ratio of 1.88 and a debt-to-equity ratio of 1.97. The company has a 50-day simple moving average of $18.60 and a 200 day simple moving average of $19.41. Wabash National Co. has a fifty-two week low of $15.94 and a fifty-two week high of $30.07.

Wabash National (NYSE:WNC) last issued its quarterly earnings results on Thursday, October 24th. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.04). Wabash National had a positive return on equity of 22.98% and a negative net margin of 10.94%. The company had revenue of $464.00 million during the quarter, compared to analyst estimates of $477.35 million. During the same period in the prior year, the company posted $1.16 earnings per share. The company’s revenue was down 26.7% on a year-over-year basis. Sell-side analysts predict that Wabash National Co. will post 1.29 earnings per share for the current fiscal year.

Wabash National Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 30th. Stockholders of record on Friday, January 10th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date of this dividend is Friday, January 10th. Wabash National’s dividend payout ratio is presently -5.89%.

Analyst Upgrades and Downgrades

Separately, DA Davidson reaffirmed a “neutral” rating and set a $18.00 target price on shares of Wabash National in a research note on Monday, September 30th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of WNC. Victory Capital Management Inc. lifted its holdings in Wabash National by 40.0% in the 2nd quarter. Victory Capital Management Inc. now owns 1,015,355 shares of the company’s stock valued at $22,175,000 after acquiring an additional 290,287 shares during the last quarter. Millennium Management LLC lifted its stake in Wabash National by 1,311.6% during the second quarter. Millennium Management LLC now owns 279,900 shares of the company’s stock valued at $6,113,000 after purchasing an additional 260,072 shares during the last quarter. Weiss Asset Management LP acquired a new stake in Wabash National during the third quarter valued at approximately $3,457,000. American Century Companies Inc. boosted its holdings in Wabash National by 19.7% during the second quarter. American Century Companies Inc. now owns 1,095,915 shares of the company’s stock worth $23,935,000 after buying an additional 180,080 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC grew its position in Wabash National by 43.4% in the third 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 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.