Wabash National Co. (NYSE:WNC) SVP Sells $25,785.00 in Stock

Wabash National Co. (NYSE:WNC) SVP Michael N. Pettit sold 1,500 shares of Wabash National stock in a transaction that occurred 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 directly owns 117,227 shares in the company, valued at approximately $2,015,132.13. The trade was a 1.26 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Wabash National Trading Up 0.7 %

Shares of NYSE:WNC opened at $17.12 on Monday. The business’s 50-day moving average is $18.60 and its 200 day moving average is $19.40. The company has a debt-to-equity ratio of 1.97, a current ratio of 1.88 and a quick ratio of 1.12. Wabash National Co. has a 1 year low of $15.94 and a 1 year high of $30.07. The firm has a market capitalization of $741.93 million, a P/E ratio of -3.15 and a beta of 1.54.

Wabash National (NYSE:WNC) last announced its quarterly earnings data on Thursday, October 24th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.04). The company had revenue of $464.00 million during the quarter, compared to analysts’ expectations of $477.35 million. Wabash National had a negative net margin of 10.94% and a positive return on equity of 22.98%. The business’s revenue for the quarter was down 26.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.16 earnings per share. On average, research analysts predict that Wabash National Co. will post 1.29 earnings per share for the current fiscal year.

Wabash National Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 30th. Stockholders of record on Friday, January 10th will be issued a $0.08 dividend. The ex-dividend date is Friday, January 10th. This represents a $0.32 annualized dividend and a dividend yield of 1.87%. Wabash National’s dividend payout ratio (DPR) is presently -5.89%.

Institutional Trading of Wabash National

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Kathleen S. Wright Associates Inc. purchased a new stake in Wabash National in the 3rd quarter worth approximately $27,000. Gladius Capital Management LP acquired a new stake in Wabash National during the third quarter valued at $29,000. Point72 Hong Kong Ltd purchased a new position in Wabash National in the second quarter valued at $34,000. Meeder Asset Management Inc. purchased a new stake in shares of Wabash National in the third quarter valued at approximately $44,000. Finally, Canada Pension Plan Investment Board purchased a new position in shares of Wabash National during the 2nd quarter valued at approximately $66,000. 97.05% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, DA Davidson restated a “neutral” rating and issued a $18.00 target price on shares of Wabash National in a research note on Monday, September 30th.

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.