Wabash National Co. (NYSE:WNC) SVP Michael N. Pettit Sells 1,500 Shares

Wabash National Co. (NYSE:WNC) SVP Michael N. Pettit sold 1,500 shares of the company’s stock in a transaction on 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 $2,015,132.13. This trade represents a 1.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Wabash National Trading Up 0.7 %

WNC traded up $0.12 during trading on Friday, hitting $17.12. 286,037 shares of the stock traded hands, compared to its average volume of 361,568. The firm has a 50-day moving average of $18.61 and a 200 day moving average of $19.44. Wabash National Co. has a 12-month low of $15.94 and a 12-month high of $30.07. The firm 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 debt-to-equity ratio of 1.97, a current ratio of 1.88 and a quick ratio of 1.12.

Wabash National (NYSE:WNC) last posted its 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). The firm had revenue of $464.00 million for the quarter, compared to analysts’ expectations of $477.35 million. Wabash National had a positive return on equity of 22.98% and a negative net margin of 10.94%. The business’s revenue for the quarter was down 26.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.16 earnings per share. Equities research analysts anticipate that Wabash National Co. will post 1.29 EPS for the current year.

Wabash National Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 30th. Investors of record on Thursday, January 9th will be issued a dividend of $0.08 per share. The ex-dividend date is Thursday, January 9th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.87%. Wabash National’s dividend payout ratio is presently -5.89%.

Analysts Set New Price Targets

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

Institutional Trading of Wabash National

Several large investors have recently added to or reduced their stakes in the stock. Kathleen S. Wright Associates Inc. purchased a new position in shares of Wabash National during the third quarter valued at about $27,000. Gladius Capital Management LP bought a new position in shares of Wabash National in the 3rd quarter worth approximately $29,000. Point72 Hong Kong Ltd purchased a new position in shares of Wabash National in the 2nd quarter valued at approximately $34,000. Meeder Asset Management Inc. bought a new stake in shares of Wabash National during the third quarter valued at approximately $44,000. Finally, Canada Pension Plan Investment Board purchased a new stake in Wabash National in the second quarter worth $66,000. Institutional investors 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.