Wabash National (NYSE:WNC) Hits New 1-Year Low - Time to Sell?

Wabash National Co. (NYSE:WNC - Get Free Report)'s stock price reached a new 52-week low during trading on Tuesday . The stock traded as low as $13.25 and last traded at $13.41, with a volume of 822222 shares traded. The stock had previously closed at $13.60.

Wabash National Trading Up 0.2 %

The company has a quick ratio of 1.09, a current ratio of 1.93 and a debt-to-equity ratio of 2.10. The firm has a 50 day moving average price of $16.53 and a 200 day moving average price of $18.16. The stock has a market capitalization of $538.50 million, a PE ratio of -1.91 and a beta of 1.55.

Wabash National (NYSE:WNC - Get Free Report) last posted 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 positive return on equity of 14.72% and a negative net margin of 14.59%. During the same period in the previous year, the firm posted $1.07 earnings per share. Equities analysts expect that Wabash National Co. will post 0.94 EPS for the current fiscal year.

Wabash National Announces Dividend

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

Insider Transactions at Wabash National

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Gladius Capital Management LP bought a new stake in Wabash National during the third quarter worth about $29,000. Meeder Asset Management Inc. bought a new stake in Wabash National in the 3rd quarter worth approximately $44,000. EMC Capital Management boosted its stake in Wabash National by 88.1% in the fourth quarter. EMC Capital Management now owns 8,250 shares of the company's stock worth $141,000 after buying an additional 3,864 shares in the last quarter. AlphaQuest LLC boosted its stake in Wabash National by 332,066.7% in the fourth quarter. AlphaQuest LLC now owns 9,965 shares of the company's stock worth $171,000 after buying an additional 9,962 shares in the last quarter. Finally, HighTower Advisors LLC bought a new position in Wabash National during the third quarter valued at approximately $192,000. Hedge funds and other institutional investors own 97.05% of the company's stock.

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.