Wabash National Co. (NYSE:WNC) SVP Sells $25,785.00 in Stock

Wabash National Co. (NYSE:WNC - Get Free Report) SVP Michael N. Pettit sold 1,500 shares of Wabash National stock in a transaction that occurred 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 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 legal filing with the Securities & Exchange Commission, which is available through this link.

Wabash National Stock Up 0.7 %

Shares of NYSE WNC traded up $0.12 during mid-day trading on Friday, reaching $17.12. 286,038 shares of the company's stock were exchanged, compared to its average volume of 361,569. Wabash National Co. has a twelve month low of $15.94 and a twelve month high of $30.07. The company has a current ratio of 1.88, a quick ratio of 1.12 and a debt-to-equity ratio of 1.97. The firm has a market capitalization of $741.93 million, a price-to-earnings ratio of -3.15 and a beta of 1.54. The business has a fifty day simple moving average of $18.60 and a 200 day simple moving average of $19.41.

Wabash National (NYSE:WNC - Get Free Report) last announced its earnings results on Thursday, October 24th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.04). The company had revenue of $464.00 million for the quarter, compared to analyst estimates 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 quarterly revenue was down 26.7% on a year-over-year basis. During the same quarter last year, the business posted $1.16 earnings per share. As a group, equities analysts expect that Wabash National Co. will post 1.29 EPS for the current fiscal year.

Wabash National Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 30th. Shareholders of record on Friday, January 10th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date of this dividend is Friday, January 10th. Wabash National's dividend payout ratio (DPR) is presently -5.89%.

Institutional Trading of Wabash National

Institutional investors have recently modified their holdings of the company. Kathleen S. Wright Associates Inc. acquired a new stake in Wabash National in the 3rd quarter valued at approximately $27,000. Gladius Capital Management LP bought a new position in shares of Wabash National during the 3rd quarter worth approximately $29,000. Point72 Hong Kong Ltd bought a new stake in shares of Wabash National in the second quarter worth $34,000. Meeder Asset Management Inc. acquired a new position in Wabash National during the third quarter worth $44,000. Finally, Canada Pension Plan Investment Board acquired a new stake in Wabash National in the 2nd quarter valued at $66,000. 97.05% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

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.