Wabash National Co. (NYSE:WNC - Get Free Report) shares reached a new 52-week low during trading on Monday . The company traded as low as $17.68 and last traded at $17.68, with a volume of 400138 shares changing hands. The stock had previously closed at $18.49.
Analyst Ratings Changes
Separately, DA Davidson reissued a "neutral" rating and issued a $18.00 price target on shares of Wabash National in a research note on Monday, September 30th.
View Our Latest Stock Report on WNC
Wabash National Trading Down 4.4 %
The stock has a market cap of $777.92 million, a PE ratio of 5.42 and a beta of 1.52. The stock's fifty day moving average price is $18.95 and its 200 day moving average price is $21.25. The company has a quick ratio of 1.15, a current ratio of 1.99 and a debt-to-equity ratio of 0.72.
Wabash National (NYSE:WNC - Get Free Report) last announced its quarterly earnings results on Wednesday, July 24th. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.56 by $0.08. The company had revenue of $550.61 million for the quarter, compared to the consensus estimate of $594.77 million. Wabash National had a net margin of 6.66% and a return on equity of 28.24%. Wabash National's revenue for the quarter was down 19.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.54 EPS. On average, sell-side analysts forecast that Wabash National Co. will post 1.53 EPS for the current year.
Wabash National Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 10th will be paid a dividend of $0.08 per share. The ex-dividend date is Thursday, October 10th. This represents a $0.32 annualized dividend and a dividend yield of 1.81%. Wabash National's dividend payout ratio (DPR) is presently 9.82%.
Institutional Trading of Wabash National
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Wasatch Advisors LP increased its position in shares of Wabash National by 66.9% during the first quarter. Wasatch Advisors LP now owns 1,380,766 shares of the company's stock valued at $41,340,000 after acquiring an additional 553,500 shares during the last quarter. LSV Asset Management increased its stake in Wabash National by 8.6% in the 2nd quarter. LSV Asset Management now owns 1,260,183 shares of the company's stock valued at $27,522,000 after buying an additional 99,700 shares during the period. American Century Companies Inc. increased its stake in Wabash National by 19.7% in the 2nd quarter. American Century Companies Inc. now owns 1,095,915 shares of the company's stock valued at $23,935,000 after buying an additional 180,080 shares during the period. Victory Capital Management Inc. grew its holdings in Wabash National by 40.0% in the second quarter. Victory Capital Management Inc. now owns 1,015,355 shares of the company's stock valued at $22,175,000 after purchasing an additional 290,287 shares during the last quarter. Finally, Peregrine Capital Management LLC increased its stake in shares of Wabash National by 0.4% during the 2nd quarter. Peregrine Capital Management LLC now owns 755,077 shares of the company's stock worth $16,491,000 after purchasing an additional 3,135 shares in the last quarter. Institutional investors and hedge funds own 97.05% of the company's stock.
Wabash National Company Profile
(
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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.
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