Wabash National (NYSE:WNC) Reaches New 1-Year Low – Here’s Why

Wabash National Co. (NYSE:WNC)’s stock price reached a new 52-week low during mid-day trading on Monday . The company traded as low as $15.35 and last traded at $15.44, with a volume of 137739 shares trading hands. The stock had previously closed at $15.59.

Wabash National Stock Performance

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 stock has a fifty day moving average price of $17.76 and a 200-day moving average price of $18.77. The firm has a market cap of $676.75 million, a price-to-earnings ratio of -2.88 and a beta of 1.57.

Wabash National (NYSE:WNC) last announced its quarterly earnings data on Wednesday, January 29th. The company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.04). Wabash National had a positive return on equity of 22.98% and a negative net margin of 10.94%. During the same quarter in the previous year, the company posted $1.07 EPS. On average, analysts expect 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. Investors of record on Friday, January 10th will be given a $0.08 dividend. The ex-dividend date is Friday, January 10th. This represents a $0.32 dividend on an annualized basis and a yield of 2.05%. Wabash National’s payout ratio is currently -5.89%.

Insiders Place Their Bets

In other Wabash National news, SVP Michael N. Pettit sold 1,500 shares of the firm’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 completion of the sale, the senior vice president now owns 117,227 shares of the company’s stock, valued at approximately $2,015,132.13. This trade represents a 1.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.78% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Wabash National

A number of institutional investors and hedge funds have recently made changes to their positions in WNC. Kathleen S. Wright Associates Inc. purchased a new stake in Wabash National during the third quarter worth about $27,000. Gladius Capital Management LP acquired a new stake in shares of Wabash National during the 3rd quarter valued at approximately $29,000. Meeder Asset Management Inc. acquired a new stake in shares of Wabash National during the 3rd quarter valued at approximately $44,000. Point72 DIFC Ltd purchased a new stake in shares of Wabash National during the 2nd quarter worth approximately $100,000. Finally, EMC Capital Management grew its holdings in shares of Wabash National by 88.1% in the 4th quarter. EMC Capital Management now owns 8,250 shares of the company’s stock worth $141,000 after acquiring an additional 3,864 shares during the period. 97.05% of the stock is owned by institutional investors and hedge funds.

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.