Wabash National (NYSE:WNC) Hits New 52-Week Low – Here’s Why

Wabash National Co. (NYSE:WNC)’s stock price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $14.78 and last traded at $14.81, with a volume of 124839 shares traded. The stock had previously closed at $15.07.

Wabash National Stock Performance

The company has a current ratio of 1.93, a quick ratio of 1.09 and a debt-to-equity ratio of 2.10. The firm’s fifty day moving average price is $17.19 and its 200-day moving average price is $18.46. The company has a market cap of $590.72 million, a P/E ratio of -2.09 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) EPS 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 last year, the firm posted $1.07 earnings per share. As a group, research analysts forecast that Wabash National Co. will post 0.95 EPS for the current fiscal year.

Wabash National Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 30th. Shareholders of record on Friday, January 10th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $0.32 dividend on an annualized basis and a yield of 2.35%. Wabash National’s dividend payout ratio is currently -4.91%.

Insider Buying and Selling at Wabash National

In related news, SVP Michael N. Pettit sold 1,500 shares of the business’s stock in a transaction 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 of the company’s stock, valued at $2,015,132.13. The trade was a 1.26 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.78% of the company’s stock.

Institutional Investors Weigh In On Wabash National

Several institutional investors and hedge funds have recently made changes to their positions in WNC. Wasatch Advisors LP increased its holdings in Wabash National by 6.7% during the 3rd quarter. Wasatch Advisors LP now owns 1,875,190 shares of the company’s stock valued at $35,985,000 after purchasing an additional 117,704 shares in the last quarter. State Street Corp increased its stake in shares of Wabash National by 1.0% in the third quarter. State Street Corp now owns 1,744,629 shares of the company’s stock valued at $33,479,000 after buying an additional 16,826 shares in the last quarter. Pacer Advisors Inc. acquired a new stake in shares of Wabash National in the fourth quarter valued at $25,688,000. Royce & Associates LP lifted its position in Wabash National by 4.4% during the 3rd quarter. Royce & Associates LP now owns 1,246,060 shares of the company’s stock worth $23,912,000 after buying an additional 52,044 shares in the last quarter. Finally, Victory Capital Management Inc. grew its holdings in Wabash National by 2.8% during the 3rd quarter. Victory Capital Management Inc. now owns 1,044,268 shares of the company’s stock worth $20,040,000 after acquiring an additional 28,913 shares during the last quarter. Institutional investors and hedge funds own 97.05% of the company’s stock.

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.