Wabash National (NYSE:WNC) Hits New 52-Week Low – Time to Sell?

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

Wall Street Analysts Forecast Growth

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 stock has a fifty day moving average of $18.26 and a 200-day moving average of $19.08. The company has a quick ratio of 1.12, a current ratio of 1.88 and a debt-to-equity ratio of 1.97. The stock has a market capitalization of $700.98 million, a PE ratio of -2.98 and a beta of 1.57.

Wabash National (NYSE:WNC) last issued its earnings results on Thursday, October 24th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.04). The firm had revenue of $464.00 million during 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%. The firm’s revenue was down 26.7% compared to the same quarter last year. During the same period last year, the business earned $1.16 EPS. Equities analysts anticipate that Wabash National Co. will post 1.29 earnings per share for the current fiscal year.

Wabash National Announces Dividend

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 dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date of this dividend is Friday, January 10th. Wabash National’s dividend payout ratio (DPR) is -5.89%.

Insider Activity

In related news, SVP Michael N. Pettit sold 1,500 shares of the company’s stock in a transaction that occurred on 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 transaction, the senior vice president now directly owns 117,227 shares of the company’s stock, valued at $2,015,132.13. This represents a 1.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.78% of the company’s stock.

Institutional Trading of Wabash National

Institutional investors have recently modified their holdings of the stock. Millennium Management LLC raised its stake in Wabash National by 1,311.6% during the 2nd quarter. Millennium Management LLC now owns 279,900 shares of the company’s stock worth $6,113,000 after acquiring an additional 260,072 shares in the last quarter. Weiss Asset Management LP purchased a new position in shares of Wabash National during the third quarter worth about $3,457,000. American Century Companies Inc. grew its holdings in shares of 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 last quarter. Hotchkis & Wiley Capital Management LLC increased its position in shares of Wabash National by 43.4% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 589,929 shares of the company’s stock worth $11,321,000 after purchasing an additional 178,430 shares in the last quarter. Finally, CX Institutional purchased a new stake in shares of Wabash National in the 3rd quarter valued at about $2,322,000. 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.