Wabash National Co. (NYSE:WNC) rose 0.3% during trading on Tuesday . The company traded as high as $14.86 and last traded at $14.57. Approximately 29,362 shares traded hands during mid-day trading, a decline of 95% from the average daily volume of 636,462 shares. The stock had previously closed at $14.61.
WNC has been the topic of a number of analyst reports. ValuEngine lowered shares of Wabash National from a “hold” rating to a “sell” rating in a research note on Thursday, June 21st. Mizuho initiated coverage on shares of Wabash National in a research note on Thursday, June 28th. They issued a “neutral” rating and a $24.00 price objective on the stock. BMO Capital Markets reaffirmed a “hold” rating and issued a $25.00 price objective on shares of Wabash National in a research note on Thursday, July 19th. Zacks Investment Research lowered shares of Wabash National from a “buy” rating to a “hold” rating in a research note on Friday, July 20th. Finally, Piper Jaffray Companies set a $22.00 price objective on shares of Wabash National and gave the company a “hold” rating in a research note on Wednesday, August 1st. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. Wabash National presently has a consensus rating of “Hold” and a consensus price target of $22.13.
The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.20 and a current ratio of 1.96. The company has a market cap of $1.04 billion, a P/E ratio of 10.22, a price-to-earnings-growth ratio of 0.33 and a beta of 1.79.
Wabash National (NYSE:WNC) last posted its quarterly earnings data on Tuesday, July 31st. The company reported $0.49 EPS for the quarter, missing the Zacks’ consensus estimate of $0.57 by ($0.08). Wabash National had a net margin of 5.86% and a return on equity of 17.85%. The firm had revenue of $612.69 million during the quarter, compared to the consensus estimate of $611.30 million. On average, equities analysts predict that Wabash National Co. will post 1.96 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 25th. Investors of record on Thursday, October 4th will be given a dividend of $0.075 per share. The ex-dividend date of this dividend is Wednesday, October 3rd. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.13%. Wabash National’s payout ratio is presently 21.74%.
Institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its position in shares of Wabash National by 7.3% during the 2nd quarter. BlackRock Inc. now owns 8,113,463 shares of the company’s stock valued at $151,396,000 after acquiring an additional 548,706 shares during the period. Scopus Asset Management L.P. lifted its position in shares of Wabash National by 20.7% during the 2nd quarter. Scopus Asset Management L.P. now owns 368,709 shares of the company’s stock valued at $6,880,000 after acquiring an additional 63,145 shares during the period. FTB Advisors Inc. lifted its position in shares of Wabash National by 6,098.3% during the 2nd quarter. FTB Advisors Inc. now owns 15,000 shares of the company’s stock valued at $280,000 after acquiring an additional 14,758 shares during the period. Xact Kapitalforvaltning AB lifted its position in shares of Wabash National by 39.5% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 14,488 shares of the company’s stock valued at $270,000 after acquiring an additional 4,100 shares during the period. Finally, Rhumbline Advisers lifted its position in shares of Wabash National by 2.2% during the 2nd quarter. Rhumbline Advisers now owns 142,235 shares of the company’s stock valued at $2,654,000 after acquiring an additional 3,108 shares during the period.
Wabash National Company Profile (NYSE:WNC)
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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