Wabash National (NYSE:WNC) Downgraded by StockNews.com to Hold

StockNews.com downgraded shares of Wabash National (NYSE:WNC) from a buy rating to a hold rating in a research note issued to investors on Friday.

Wabash National Stock Performance

Shares of NYSE:WNC opened at $24.05 on Friday. The business’s fifty day moving average price is $27.21 and its two-hundred day moving average price is $24.99. Wabash National has a fifty-two week low of $20.09 and a fifty-two week high of $30.07. The stock has a market capitalization of $1.08 billion, a price-to-earnings ratio of 5.78 and a beta of 1.58. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.87 and a quick ratio of 1.11.

Wabash National (NYSE:WNC) last announced its quarterly earnings results on Wednesday, April 24th. The company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.06). Wabash National had a net margin of 8.15% and a return on equity of 37.84%. The company had revenue of $515.28 million during the quarter. As a group, analysts predict that Wabash National will post 2.19 EPS for the current fiscal year.

Wabash National Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 25th. Shareholders of record on Thursday, April 4th were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date was Wednesday, April 3rd. Wabash National’s dividend payout ratio (DPR) is 7.69%.

Insider Buying and Selling at Wabash National

In other Wabash National news, Director Larry J. Magee sold 3,086 shares of the company’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $26.50, for a total value of $81,779.00. Following the sale, the director now directly owns 114,146 shares in the company, valued at $3,024,869. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Priyadarshi Sudhanshu sold 1,010 shares of the stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $27.06, for a total transaction of $27,330.60. Following the sale, the director now owns 6,386 shares in the company, valued at $172,805.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Larry J. Magee sold 3,086 shares of the stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $26.50, for a total value of $81,779.00. Following the sale, the director now owns 114,146 shares in the company, valued at approximately $3,024,869. The disclosure for this sale can be found here. Company insiders own 1.78% of the company’s stock.

Institutional Trading of Wabash National

Several large investors have recently made changes to their positions in the business. Pacer Advisors Inc. bought a new stake in shares of Wabash National during the fourth quarter worth $35,491,000. Wasatch Advisors LP lifted its stake in shares of Wabash National by 66.9% during the first quarter. Wasatch Advisors LP now owns 1,380,766 shares of the company’s stock valued at $41,340,000 after acquiring an additional 553,500 shares during the period. LSV Asset Management lifted its stake in shares of Wabash National by 1.0% during the third quarter. LSV Asset Management now owns 1,108,739 shares of the company’s stock valued at $23,417,000 after acquiring an additional 11,183 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Wabash National by 0.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 797,365 shares of the company’s stock valued at $20,428,000 after acquiring an additional 6,682 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Wabash National by 9.1% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 593,057 shares of the company’s stock valued at $12,525,000 after acquiring an additional 49,443 shares during the period. 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.