Wabash National Co. (NYSE:WNC) Director Sells $81,779.00 in Stock

Wabash National Co. (NYSE:WNCGet Free Report) Director Larry J. Magee sold 3,086 shares of Wabash National stock in a transaction dated 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 $3,024,869. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Wabash National Stock Performance

Shares of Wabash National stock opened at $25.31 on Friday. Wabash National Co. has a one year low of $20.09 and a one year high of $28.94. The firm has a market capitalization of $1.17 billion, a price-to-earnings ratio of 5.26 and a beta of 1.58. The business has a 50-day simple moving average of $25.26 and a 200 day simple moving average of $23.12. 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:WNCGet Free Report) last released its quarterly earnings results on Thursday, February 1st. The company reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.18. The business had revenue of $596.10 million during the quarter, compared to the consensus estimate of $633.68 million. Wabash National had a return on equity of 46.87% and a net margin of 9.12%. The company’s quarterly revenue was down 9.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.84 EPS. On average, research analysts anticipate that Wabash National Co. will post 2.39 earnings per share for the current fiscal year.

Wabash National Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 25th. Shareholders of record on Thursday, January 4th were paid a dividend of $0.08 per share. The ex-dividend date was Wednesday, January 3rd. This represents a $0.32 dividend on an annualized basis and a yield of 1.26%. Wabash National’s dividend payout ratio (DPR) is currently 6.65%.

Hedge Funds Weigh In On Wabash National

A number of hedge funds have recently added to or reduced their stakes in WNC. Quantbot Technologies LP acquired a new position in Wabash National during the 1st quarter valued at about $26,000. Gladius Capital Management LP acquired a new position in Wabash National during the 4th quarter valued at about $36,000. Quadrant Capital Group LLC boosted its stake in shares of Wabash National by 61.3% in the 4th quarter. Quadrant Capital Group LLC now owns 1,486 shares of the company’s stock worth $38,000 after buying an additional 565 shares during the last quarter. West Tower Group LLC purchased a new position in shares of Wabash National in the 2nd quarter worth approximately $41,000. Finally, Quarry LP boosted its stake in shares of Wabash National by 451.5% in the 1st quarter. Quarry LP now owns 2,002 shares of the company’s stock worth $49,000 after buying an additional 1,639 shares during the last quarter. Institutional investors and hedge funds own 97.05% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the company. Stephens decreased their target price on Wabash National from $24.00 to $23.00 and set an “equal weight” rating for the company in a research report on Thursday, October 26th. StockNews.com lowered Wabash National from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd.

Read Our Latest Research Report on Wabash National

Wabash National Company Profile

(Get Free Report)

Wabash National Corporation designs, manufactures, and distributes 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 provides dry van and platform trailers; refrigerated trailers; converter dollies; van bodies for dry-freight transportation; cargo and cargo XL bodies for commercial applications; insulated van bodies; stake bodies; platform truck bodies; refrigerated truck bodies; and used trailers, as well as laminated hardwood oak flooring products.

Further Reading

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