Wabash National Co. (NYSE:WNC) Short Interest Down 18.0% in February

Wabash National Co. (NYSE:WNC - Get Free Report) saw a large decline in short interest during the month of February. As of February 15th, there was short interest totalling 2,500,000 shares, a decline of 18.0% from the January 31st total of 3,050,000 shares. Based on an average daily volume of 762,400 shares, the days-to-cover ratio is currently 3.3 days. Approximately 6.1% of the company's shares are sold short.

Wabash National Stock Up 7.3 %

WNC traded up $0.85 during trading hours on Friday, hitting $12.42. 1,295,298 shares of the company's stock were exchanged, compared to its average volume of 957,189. Wabash National has a 12-month low of $10.34 and a 12-month high of $30.07. The firm has a 50 day moving average of $14.46 and a 200 day moving average of $17.24. The firm has a market cap of $527.06 million, a P/E ratio of -1.90 and a beta of 1.64. The company has a current ratio of 1.93, a quick ratio of 1.09 and a debt-to-equity ratio of 2.10.

Wabash National (NYSE:WNC - Get Free Report) last announced its earnings results on Wednesday, January 29th. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.04). Wabash National had a positive return on equity of 14.72% and a negative net margin of 14.59%. During the same quarter in the previous year, the company earned $1.07 EPS. Analysts predict that Wabash National will post 0.94 EPS for the current fiscal year.

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Wabash National Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 24th. Shareholders of record on Thursday, April 3rd will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date of this dividend is Thursday, April 3rd. Wabash National's dividend payout ratio is presently -4.91%.

Insider Buying and Selling at Wabash National

In other Wabash National news, SVP Michael N. Pettit sold 1,500 shares of the business's stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $17.19, for a total value of $25,785.00. Following the transaction, the senior vice president now directly owns 117,227 shares in the company, valued at $2,015,132.13. The trade was a 1.26 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.78% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Wabash National

Large investors have recently modified their holdings of the company. Barclays PLC increased its position in shares of Wabash National by 121.4% in the 3rd quarter. Barclays PLC now owns 163,251 shares of the company's stock valued at $3,132,000 after purchasing an additional 89,522 shares during the last quarter. Jane Street Group LLC grew its position in shares of Wabash National by 46.8% in the 3rd quarter. Jane Street Group LLC now owns 160,946 shares of the company's stock valued at $3,089,000 after buying an additional 51,274 shares during the last quarter. HighTower Advisors LLC purchased a new position in shares of Wabash National in the 3rd quarter valued at $192,000. BNP Paribas Financial Markets grew its position in shares of Wabash National by 75.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 84,590 shares of the company's stock valued at $1,623,000 after buying an additional 36,490 shares during the last quarter. Finally, Pacer Advisors Inc. purchased a new position in shares of Wabash National in the 4th quarter valued at $25,688,000. 97.05% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, DA Davidson decreased their price objective on shares of Wabash National from $18.00 to $14.00 and set a "neutral" rating on the stock in a report on Monday, February 24th.

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.