Wabash National (NYSE:WNC) Shares Down 4.9% - Time to Sell?

Wabash National Co. (NYSE:WNC - Get Free Report)'s stock price was down 4.9% during mid-day trading on Wednesday . The stock traded as low as $16.13 and last traded at $16.19. Approximately 102,431 shares traded hands during trading, a decline of 72% from the average daily volume of 367,130 shares. The stock had previously closed at $17.02.

Analysts Set New Price Targets

Separately, DA Davidson reissued a "neutral" rating and issued a $18.00 price target 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 $692.09 million, a PE ratio of -2.94 and a beta of 1.57. The firm's 50-day simple moving average is $18.39 and its two-hundred day simple moving average is $19.14.

Wabash National (NYSE:WNC - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The company reported $0.19 earnings per share 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 analysts' expectations 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 quarterly revenue was down 26.7% compared to the same quarter last year. During the same period last year, the firm earned $1.16 earnings per share. As a group, research analysts anticipate that Wabash National Co. will post 1.29 earnings per share for the current fiscal year.

Wabash National Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 30th. Shareholders of record on Friday, January 10th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 2.00%. The ex-dividend date is Friday, January 10th. Wabash National's payout ratio is -5.89%.

Insiders Place Their Bets

In other news, SVP Michael N. Pettit sold 1,500 shares of the 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 owns 117,227 shares in the company, valued at $2,015,132.13. This trade represents a 1.26 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.78% of the stock is owned by insiders.

Institutional Inflows and Outflows

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