Wabash National (NYSE:WNC) shares were down 5.1% on Tuesday . The company traded as low as $20.19 and last traded at $20.29. Approximately 914,778 shares traded hands during trading, an increase of 17% from the average daily volume of 780,587 shares. The stock had previously closed at $21.39.
A number of research analysts recently weighed in on WNC shares. Zacks Investment Research raised Wabash National from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a report on Sunday, January 21st. ValuEngine raised Wabash National from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. OTR Global raised Wabash National to a “positive” rating in a report on Thursday, March 1st. Stifel Nicolaus upped their price objective on Wabash National from $23.00 to $26.00 and gave the company a “hold” rating in a report on Thursday, February 1st. Finally, BMO Capital Markets upped their price objective on Wabash National to $24.00 and gave the company a “market perform” rating in a report on Friday, February 2nd. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $25.80.
The company has a quick ratio of 1.39, a current ratio of 2.03 and a debt-to-equity ratio of 1.00. The firm has a market cap of $1,224.49, a P/E ratio of 15.39, a price-to-earnings-growth ratio of 0.50 and a beta of 1.82.
Wabash National (NYSE:WNC) last issued its quarterly earnings data on Tuesday, January 30th. The company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.02. Wabash National had a return on equity of 17.69% and a net margin of 6.31%. The firm had revenue of $543.40 million for the quarter, compared to analyst estimates of $517.96 million. During the same period in the prior year, the firm posted $0.38 EPS. The company’s revenue for the quarter was up 17.6% on a year-over-year basis. equities research analysts predict that Wabash National will post 1.97 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 26th. Shareholders of record on Thursday, April 5th will be issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date of this dividend is Wednesday, April 4th. Wabash National’s dividend payout ratio is 21.74%.
In other Wabash National news, CEO Richard J. Giromini sold 58,300 shares of the company’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $25.04, for a total value of $1,459,832.00. Following the transaction, the chief executive officer now directly owns 803,680 shares of the company’s stock, valued at approximately $20,124,147.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 2.90% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in WNC. Meadow Creek Investment Management LLC grew its holdings in shares of Wabash National by 32.3% during the 4th quarter. Meadow Creek Investment Management LLC now owns 9,758 shares of the company’s stock worth $212,000 after purchasing an additional 2,380 shares in the last quarter. Caxton Associates LP bought a new stake in shares of Wabash National during the 4th quarter worth $373,000. Teacher Retirement System of Texas bought a new stake in shares of Wabash National during the 4th quarter worth $438,000. Jefferies Group LLC bought a new stake in shares of Wabash National during the 4th quarter worth $491,000. Finally, Alpha Windward LLC lifted its position in shares of Wabash National by 18.6% during the 4th quarter. Alpha Windward LLC now owns 26,760 shares of the company’s stock worth $581,000 after buying an additional 4,200 shares during the last quarter.
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About Wabash National
Wabash National Corporation manufactures and sells semi-trailers, truck bodies, specialized commercial vehicles, and liquid transportation systems. The company's Commercial Trailer Products segment provides dry van trailers; platform trailers; refrigerated trailers; converter dollies, big tire haulers, steel coil haulers, and trailers; aftermarket parts and services; and used trailers.
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