Wabash National Co. (NYSE:WNC) has earned an average recommendation of “Buy” from the nine ratings firms that are presently covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $26.40.
WNC has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of Wabash National from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research note on Saturday. Stifel Nicolaus reduced their price objective on shares of Wabash National from $23.00 to $22.00 and set a “hold” rating for the company in a research note on Monday, November 6th. BMO Capital Markets restated a “hold” rating on shares of Wabash National in a research note on Monday, October 23rd. Seaport Global Securities restated a “neutral” rating on shares of Wabash National in a research note on Tuesday, January 16th. Finally, OTR Global cut shares of Wabash National to a “positive” rating in a research note on Thursday, December 14th.
In other news, CEO Richard J. Giromini sold 58,300 shares of the business’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $25.04, for a total value of $1,459,832.00. Following the completion of the sale, the chief executive officer now directly owns 803,680 shares in the company, valued at $20,124,147.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.90% of the stock is currently owned by insiders.
Institutional investors have recently modified their holdings of the company. Quantbot Technologies LP bought a new position in Wabash National during the third quarter worth $326,000. Yorktown Management & Research Co Inc increased its position in Wabash National by 21.7% during the third quarter. Yorktown Management & Research Co Inc now owns 14,600 shares of the company’s stock worth $333,000 after acquiring an additional 2,600 shares during the period. ETRADE Capital Management LLC increased its position in Wabash National by 25.1% during the third quarter. ETRADE Capital Management LLC now owns 14,622 shares of the company’s stock worth $334,000 after acquiring an additional 2,930 shares during the period. UBS Asset Management Americas Inc. increased its position in Wabash National by 15.7% during the second quarter. UBS Asset Management Americas Inc. now owns 15,497 shares of the company’s stock worth $341,000 after acquiring an additional 2,100 shares during the period. Finally, Caxton Associates LP bought a new position in Wabash National during the fourth quarter worth $373,000.
Wabash National (WNC) traded up $0.34 during midday trading on Friday, reaching $24.35. 813,966 shares of the company’s stock were exchanged, compared to its average volume of 1,070,556. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.03 and a quick ratio of 1.39. The firm has a market capitalization of $1,393.06, a PE ratio of 17.12, a PEG ratio of 0.56 and a beta of 1.73. Wabash National has a 1 year low of $18.25 and a 1 year high of $26.54.
Wabash National (NYSE:WNC) last posted its earnings results on Tuesday, January 30th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.02. The firm had revenue of $543.40 million during the quarter, compared to analysts’ expectations of $517.96 million. Wabash National had a net margin of 6.31% and a return on equity of 17.69%. The company’s revenue was up 17.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.38 earnings per share. analysts expect that Wabash National will post 1.97 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 25th. Stockholders of record on Thursday, January 4th were paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.23%. This is a boost from Wabash National’s previous quarterly dividend of $0.06. The ex-dividend date was Wednesday, January 3rd. Wabash National’s payout ratio is presently 16.85%.
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Wabash National Company Profile
Wabash National Corporation is a diversified industrial manufacturer and producer of semi-trailers and liquid transportation systems. The Company’s segments include Commercial Trailer Products; Diversified Products, and Corporate and Eliminations segment. The Company designs, manufactures and markets a range of products, including dry freight and refrigerated trailers, platform trailers, bulk tank trailers, dry and refrigerated truck bodies, truck-mounted tanks, intermodal equipment, aircraft refueling equipment, structural composite panels and products, trailer aerodynamic solutions, and specialty food grade and pharmaceutical equipment.
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