Wabash National (NYSE:WNC) Hits New 12-Month Low – Here’s Why

Wabash National Co. (NYSE:WNC)’s stock price hit a new 52-week low on Tuesday . The company traded as low as $12.35 and last traded at $12.30, with a volume of 987101 shares trading hands. The stock had previously closed at $12.40.

Wabash National Stock Down 2.0 %

The firm has a market capitalization of $526.76 million, a price-to-earnings ratio of -1.86 and a beta of 1.55. The business’s 50-day moving average is $16.24 and its two-hundred day moving average is $18.00. The company has a debt-to-equity ratio of 2.10, a quick ratio of 1.09 and a current ratio of 1.93.

Wabash National (NYSE:WNC) last announced its quarterly earnings results on Wednesday, January 29th. The company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates 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 quarter last year, the company earned $1.07 earnings per share. On average, equities analysts anticipate that Wabash National Co. will post 0.94 earnings per share for the current year.

Wabash National Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 24th. Shareholders of record on Thursday, April 3rd will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $0.32 annualized dividend and a yield of 2.63%. Wabash National’s dividend payout ratio (DPR) is currently -4.91%.

Insider Transactions at Wabash National

In other news, SVP Michael N. Pettit sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, December 31st. The shares were 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 directly owns 117,227 shares of the company’s stock, valued at $2,015,132.13. This trade represents a 1.26 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.78% of the company’s stock.

Hedge Funds Weigh In On Wabash National

Several hedge funds and other institutional investors have recently made changes to their positions in WNC. Pacer Advisors Inc. bought a new position in shares of Wabash National in the fourth quarter valued at $25,688,000. First Trust Advisors LP grew its stake in shares of Wabash National by 22.5% in the fourth quarter. First Trust Advisors LP now owns 1,468,605 shares of the company’s stock valued at $25,157,000 after buying an additional 269,846 shares in the last quarter. Norges Bank bought a new position in shares of Wabash National in the fourth quarter valued at $4,341,000. Weiss Asset Management LP bought a new position in shares of Wabash National in the third quarter valued at $3,457,000. Finally, Hotchkis & Wiley Capital Management LLC boosted its position in Wabash National by 43.4% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 589,929 shares of the company’s stock worth $11,321,000 after purchasing an additional 178,430 shares during the period. 97.05% of the stock is owned by institutional investors.

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.