Wabash National (NYSE:WNC) Reaches New 52-Week Low - What's Next?

Shares of Wabash National Co. (NYSE:WNC - Get Free Report) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $14.78 and last traded at $14.81, with a volume of 124839 shares changing hands. The stock had previously closed at $15.07.

Wabash National Stock Down 4.8 %

The company has a market capitalization of $590.68 million, a price-to-earnings ratio of -2.09 and a beta of 1.55. The company has a debt-to-equity ratio of 2.10, a quick ratio of 1.09 and a current ratio of 1.93. The stock's fifty day simple moving average is $17.07 and its two-hundred day simple moving average is $18.36.

Wabash National (NYSE:WNC - Get Free Report) last released its quarterly earnings data 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 negative net margin of 14.59% and a positive return on equity of 14.72%. During the same quarter last year, the business posted $1.07 earnings per share. On average, sell-side analysts anticipate that Wabash National Co. will post 0.94 EPS for the current year.

Wabash National Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 30th. Shareholders of record on Friday, January 10th were given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 2.35%. The ex-dividend date was Friday, January 10th. Wabash National's payout ratio is currently -4.91%.

Insider Buying and Selling

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 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 $2,015,132.13. The trade was a 1.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.78% of the stock is currently owned by corporate insiders.

Institutional Trading of Wabash National

Institutional investors and hedge funds have recently modified their holdings of the company. Kathleen S. Wright Associates Inc. bought a new position in Wabash National in the 3rd quarter worth $27,000. Gladius Capital Management LP bought a new position in shares of Wabash National in the third quarter worth about $29,000. Inspire Investing LLC increased its stake in shares of Wabash National by 8.7% in the fourth quarter. Inspire Investing LLC now owns 23,313 shares of the company's stock worth $399,000 after purchasing an additional 1,860 shares during the period. Quantinno Capital Management LP lifted its position in shares of Wabash National by 18.1% during the 3rd quarter. Quantinno Capital Management LP now owns 14,524 shares of the company's stock worth $279,000 after purchasing an additional 2,227 shares during the last quarter. Finally, Meeder Asset Management Inc. bought a new stake in Wabash National during the 3rd quarter valued at approximately $44,000. 97.05% of the stock is currently owned by institutional investors and hedge funds.

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.