Wabash National (NYSE:WNC) Trading 5.6% Higher - Should You Buy?

Wabash National Co. (NYSE:WNC - Get Free Report)'s stock price was up 5.6% during mid-day trading on Thursday . The stock traded as high as $11.78 and last traded at $11.78. Approximately 395,613 shares traded hands during mid-day trading, a decline of 67% from the average daily volume of 1,186,852 shares. The stock had previously closed at $11.16.

Analyst Ratings Changes

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

Wabash National Stock Performance

The business's 50 day simple moving average is $12.80 and its 200 day simple moving average is $16.42. The company has a current ratio of 1.93, a quick ratio of 1.09 and a debt-to-equity ratio of 2.10. The company has a market cap of $469.28 million, a P/E ratio of -1.70 and a beta of 1.64.

Wabash National (NYSE:WNC - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The company reported ($0.02) EPS 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 period in the previous year, the company earned $1.07 earnings per share. Sell-side analysts predict that Wabash National Co. will post 0.94 earnings per share for the current fiscal year.

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Wabash National Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 24th. Investors of record on Thursday, April 3rd will be paid a dividend of $0.08 per share. The ex-dividend date is Thursday, April 3rd. This represents a $0.32 annualized dividend and a yield of 2.89%. Wabash National's payout ratio is -4.91%.

Insider Buying and Selling at Wabash National

In related news, SVP Michael N. Pettit sold 1,500 shares of the firm's stock in a transaction 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 completion of the transaction, the senior vice president now directly owns 117,227 shares of the company's stock, valued at approximately $2,015,132.13. This trade represents a 1.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.78% of the company's stock.

Institutional Investors Weigh In On Wabash National

Several large investors have recently added to or reduced their stakes in the stock. Wasatch Advisors LP increased its position in shares of Wabash National by 6.7% during the 3rd quarter. Wasatch Advisors LP now owns 1,875,190 shares of the company's stock valued at $35,985,000 after purchasing an additional 117,704 shares during the last quarter. State Street Corp increased its position in Wabash National by 1.0% during the third quarter. State Street Corp now owns 1,744,629 shares of the company's stock valued at $33,479,000 after acquiring an additional 16,826 shares during the last quarter. Pacer Advisors Inc. purchased a new stake in shares of Wabash National in the fourth quarter valued at $25,688,000. First Trust Advisors LP lifted its holdings in shares of Wabash National by 22.5% in the 4th quarter. First Trust Advisors LP now owns 1,468,605 shares of the company's stock worth $25,157,000 after acquiring an additional 269,846 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. grew its holdings in Wabash National by 10.3% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,059,674 shares of the company's stock valued at $18,152,000 after purchasing an additional 99,360 shares during the last quarter. 97.05% of the stock is owned by institutional investors.

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.