Wabash National (NYSE:WNC) Upgraded to “Buy” at StockNews.com

StockNews.com upgraded shares of Wabash National (NYSE:WNC) from a hold rating to a buy rating in a research report report published on Thursday.

Wabash National Trading Down 3.4 %

Shares of WNC stock opened at $25.02 on Thursday. The stock has a market capitalization of $1.13 billion, a PE ratio of 5.20 and a beta of 1.58. Wabash National has a 1-year low of $20.09 and a 1-year high of $30.07. The business has a 50-day moving average of $27.40 and a 200 day moving average of $24.78. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.93 and a quick ratio of 1.17.

Wabash National (NYSE:WNC) last issued its earnings results on Thursday, February 1st. The company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.18. The company had revenue of $596.10 million during the quarter, compared to analysts’ expectations of $633.68 million. Wabash National had a return on equity of 46.87% and a net margin of 9.12%. Wabash National’s quarterly revenue was down 9.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.84 EPS. As a group, sell-side analysts anticipate that Wabash National will post 2.19 earnings per share for the current year.

Wabash National Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 25th. Shareholders of record on Thursday, April 4th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 1.28%. The ex-dividend date of this dividend is Wednesday, April 3rd. Wabash National’s dividend payout ratio (DPR) is currently 6.65%.

Insiders Place Their Bets

In other Wabash National news, Director Larry J. Magee sold 3,086 shares of the stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $26.50, for a total value of $81,779.00. Following the completion of the sale, the director now owns 114,146 shares in the company, valued at approximately $3,024,869. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, Director Priyadarshi Sudhanshu sold 1,010 shares of the stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $27.06, for a total value of $27,330.60. Following the completion of the transaction, the director now owns 6,386 shares of the company’s stock, valued at approximately $172,805.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Larry J. Magee sold 3,086 shares of the stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $26.50, for a total value of $81,779.00. Following the completion of the transaction, the director now directly owns 114,146 shares of the company’s stock, valued at approximately $3,024,869. The disclosure for this sale can be found here. Company insiders own 1.13% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in WNC. Gladius Capital Management LP bought a new position in Wabash National during the 4th quarter valued at approximately $36,000. Quadrant Capital Group LLC increased its position in Wabash National by 61.3% during the 4th quarter. Quadrant Capital Group LLC now owns 1,486 shares of the company’s stock valued at $38,000 after buying an additional 565 shares in the last quarter. Quantbot Technologies LP bought a new position in Wabash National during the 1st quarter valued at approximately $26,000. Quarry LP increased its position in Wabash National by 451.5% during the 1st quarter. Quarry LP now owns 2,002 shares of the company’s stock valued at $49,000 after buying an additional 1,639 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its position in Wabash National by 198.6% during the 3rd quarter. Tower Research Capital LLC TRC now owns 2,983 shares of the company’s stock valued at $63,000 after buying an additional 1,984 shares in the last quarter. 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.