Wabash National’s (WNC) “Neutral” Rating Reiterated at Seaport Global Securities
Seaport Global Securities restated their neutral rating on shares of Wabash National (NYSE:WNC) in a report released on Tuesday. Seaport Global Securities also issued estimates for Wabash National’s Q4 2017 earnings at $0.32 EPS, FY2017 earnings at $1.33 EPS, Q1 2018 earnings at $0.40 EPS, Q2 2018 earnings at $0.47 EPS, Q3 2018 earnings at $0.38 EPS, Q4 2018 earnings at $0.39 EPS, FY2018 earnings at $1.65 EPS and FY2019 earnings at $1.75 EPS.
Several other equities analysts have also recently issued reports on the company. OTR Global cut Wabash National to a positive rating in a report on Thursday, December 14th. BMO Capital Markets reaffirmed a hold rating on shares of Wabash National in a report on Monday, October 23rd. Zacks Investment Research cut Wabash National from a buy rating to a hold rating in a report on Thursday, November 9th. ValuEngine raised Wabash National from a buy rating to a strong-buy rating in a report on Sunday, December 31st. Finally, Stifel Nicolaus reduced their price objective on Wabash National from $23.00 to $22.00 and set a hold rating for the company in a report on Monday, November 6th. Six research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Wabash National has a consensus rating of Buy and a consensus target price of $23.83.
Wabash National (WNC) opened at $22.25 on Tuesday. The stock has a market capitalization of $1,310.00, a price-to-earnings ratio of 16.48, a P/E/G ratio of 0.63 and a beta of 1.69. Wabash National has a 1-year low of $16.74 and a 1-year high of $24.16. The company has a current ratio of 2.03, a quick ratio of 1.18 and a debt-to-equity ratio of 1.04.
The business also recently declared a quarterly dividend, which will be paid on Thursday, January 25th. Shareholders of record on Thursday, January 4th will be given a dividend of $0.075 per share. This is an increase from Wabash National’s previous quarterly dividend of $0.06. The ex-dividend date is Wednesday, January 3rd. This represents a $0.30 annualized dividend and a yield of 1.35%. Wabash National’s dividend payout ratio (DPR) is presently 22.22%.
A number of institutional investors have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. increased its position in Wabash National by 0.5% during the second quarter. PNC Financial Services Group Inc. now owns 31,360 shares of the company’s stock worth $689,000 after buying an additional 156 shares in the last quarter. UBS Asset Management Americas Inc. increased its position in Wabash National by 15.7% during the second quarter. UBS Asset Management Americas Inc. now owns 15,497 shares of the company’s stock worth $341,000 after buying an additional 2,100 shares in the last quarter. Smith Asset Management Group LP increased its position in Wabash National by 1.3% during the third quarter. Smith Asset Management Group LP now owns 173,667 shares of the company’s stock worth $3,963,000 after buying an additional 2,252 shares in the last quarter. Thrivent Financial For Lutherans increased its position in Wabash National by 6.7% during the second quarter. Thrivent Financial For Lutherans now owns 36,280 shares of the company’s stock worth $797,000 after buying an additional 2,280 shares in the last quarter. Finally, Boston Advisors LLC increased its position in Wabash National by 0.9% during the third quarter. Boston Advisors LLC now owns 283,705 shares of the company’s stock worth $6,474,000 after buying an additional 2,580 shares in the last quarter.
About Wabash National
Wabash National Corporation is a diversified industrial manufacturer and producer of semi-trailers and liquid transportation systems. The Company’s segments include Commercial Trailer Products; Diversified Products, and Corporate and Eliminations segment. The Company designs, manufactures and markets a range of products, including dry freight and refrigerated trailers, platform trailers, bulk tank trailers, dry and refrigerated truck bodies, truck-mounted tanks, intermodal equipment, aircraft refueling equipment, structural composite panels and products, trailer aerodynamic solutions, and specialty food grade and pharmaceutical equipment.
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