Wabash National (NYSE:WNC) Reaches New 1-Year Low – Should You Sell?

Wabash National Co. (NYSE:WNC) shares reached a new 52-week low during trading on Tuesday . The stock traded as low as $13.25 and last traded at $13.41, with a volume of 822222 shares trading hands. The stock had previously closed at $13.60.

Wabash National Stock Down 1.4 %

The company has a quick ratio of 1.09, a current ratio of 1.93 and a debt-to-equity ratio of 2.10. The firm has a fifty day moving average price of $17.07 and a 200 day moving average price of $18.35.

Wabash National (NYSE:WNC) last posted its quarterly earnings results on Wednesday, January 29th. The company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.04). Wabash National had a negative net margin of 14.59% and a positive return on equity of 14.72%. During the same period last year, the firm earned $1.07 earnings per share. As a group, research analysts forecast that Wabash National Co. will post 0.94 EPS for the current fiscal year.

Wabash National Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 30th. Investors of record on Friday, January 10th were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 2.39%. The ex-dividend date was Friday, January 10th. Wabash National’s payout ratio is currently -4.91%.

Insider Activity at Wabash National

In other Wabash National news, SVP Michael N. Pettit sold 1,500 shares of the firm’s stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $17.19, for a total transaction of $25,785.00. Following the completion of the transaction, the senior vice president now owns 117,227 shares of the company’s stock, valued at approximately $2,015,132.13. This trade represents a 1.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 1.78% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Wabash National

Hedge funds have recently bought and sold shares of the stock. Kathleen S. Wright Associates Inc. purchased a new position in Wabash National during the third quarter worth $27,000. Gladius Capital Management LP purchased a new position in Wabash National during the third quarter worth $29,000. Meeder Asset Management Inc. purchased a new stake in shares of Wabash National in the third quarter valued at $44,000. EMC Capital Management grew its position in shares of Wabash National by 88.1% in the fourth quarter. EMC Capital Management now owns 8,250 shares of the company’s stock valued at $141,000 after purchasing an additional 3,864 shares during the period. Finally, AlphaQuest LLC grew its position in shares of Wabash National by 332,066.7% in the fourth quarter. AlphaQuest LLC now owns 9,965 shares of the company’s stock valued at $171,000 after purchasing an additional 9,962 shares during the period. Hedge funds and other institutional investors own 97.05% of the company’s stock.

About Wabash National

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.