Wabash National (NYSE:WNC) Hits New 12-Month Low - Time to Sell?

Wabash National Co. (NYSE:WNC - Get Free Report) shares reached a new 52-week low during trading on Thursday . The company traded as low as $15.35 and last traded at $15.97, with a volume of 1425568 shares traded. The stock had previously closed at $17.02.

Analysts Set New Price Targets

Separately, DA Davidson restated a "neutral" rating and issued a $18.00 price objective on shares of Wabash National in a report on Monday, September 30th.

Wabash National Stock Performance

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 company has a market cap of $697.30 million, a P/E ratio of -2.96 and a beta of 1.57. The company's 50-day moving average price is $18.33 and its two-hundred day moving average price is $19.12.

Wabash National (NYSE:WNC - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The company reported $0.19 EPS for the quarter, missing analysts' consensus estimates 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 negative net margin of 10.94% and a positive return on equity of 22.98%. Wabash National's revenue was down 26.7% on a year-over-year basis. During the same quarter last year, the company posted $1.16 EPS. As a group, equities analysts forecast that Wabash National Co. will post 1.29 earnings per share for the current year.

Wabash National Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 30th. Shareholders of record on Friday, January 10th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.99%. The ex-dividend date of this dividend is Friday, January 10th. Wabash National's payout ratio is -5.89%.

Insider Activity at Wabash National

In related news, SVP Michael N. Pettit sold 1,500 shares of the stock in a transaction 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 completion of the sale, the senior vice president now directly owns 117,227 shares in the company, valued at approximately $2,015,132.13. This trade represents a 1.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.78% of the stock is owned by insiders.

Institutional Investors Weigh In On Wabash National

Institutional investors have recently made changes to their positions in the company. Wasatch Advisors LP raised its holdings in Wabash National by 6.7% during the third quarter. Wasatch Advisors LP now owns 1,875,190 shares of the company's stock valued at $35,985,000 after buying an additional 117,704 shares in the last quarter. State Street Corp lifted its holdings in Wabash National by 1.0% in the 3rd quarter. State Street Corp now owns 1,744,629 shares of the company's stock worth $33,479,000 after purchasing an additional 16,826 shares during the last quarter. Royce & Associates LP lifted its holdings in Wabash National by 4.4% in the 3rd quarter. Royce & Associates LP now owns 1,246,060 shares of the company's stock worth $23,912,000 after purchasing an additional 52,044 shares during the last quarter. American Century Companies Inc. boosted its position in Wabash National by 19.7% during the second quarter. American Century Companies Inc. now owns 1,095,915 shares of the company's stock worth $23,935,000 after purchasing an additional 180,080 shares during the period. Finally, Victory Capital Management Inc. grew its holdings in Wabash National by 2.8% during the third quarter. Victory Capital Management Inc. now owns 1,044,268 shares of the company's stock valued at $20,040,000 after purchasing an additional 28,913 shares during the last quarter. 97.05% of the stock is currently owned by institutional investors and hedge funds.

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.