Wabash National (NYSE:WNC) Sees Large Volume Increase – What’s Next?

Shares of Wabash National Corporation (NYSE:WNC) saw strong trading volume on Thursday . Approximately 738,529 shares were traded during trading, a decline of 3% from the previous session’s volume of 761,314 shares.The stock last traded at $12.31 and had previously closed at $12.64.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Citizens Jmp initiated coverage on Wabash National in a research report on Wednesday. They issued an “outperform” rating and a $25.00 target price on the stock. Weiss Ratings downgraded shares of Wabash National from a “sell (d+)” rating to a “sell (d-)” rating in a research note on Friday, May 15th. Wall Street Zen lowered shares of Wabash National from a “sell” rating to a “strong sell” rating in a report on Sunday. Finally, DA Davidson upgraded shares of Wabash National from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $8.50 to $20.00 in a research report on Wednesday, June 17th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Wabash National presently has an average rating of “Hold” and a consensus target price of $18.00.

Wabash National Stock Performance

The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.77 and a current ratio of 1.33. The company has a market cap of $507.86 million, a price-to-earnings ratio of -7.78 and a beta of 1.43. The company has a fifty day moving average of $9.88 and a two-hundred day moving average of $9.70.

Wabash National (NYSE:WNC) last issued its earnings results on Friday, May 1st. The company reported ($1.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.01) by ($0.16). Wabash National had a negative return on equity of 30.16% and a negative net margin of 4.41%.The firm had revenue of $303.23 million during the quarter, compared to analyst estimates of $319.03 million. During the same period in the previous year, the company earned ($0.58) EPS. Wabash National’s revenue for the quarter was down 20.4% on a year-over-year basis. Equities research analysts anticipate that Wabash National Corporation will post -1.75 EPS for the current year.

Wabash National Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 23rd. Stockholders of record on Thursday, July 2nd will be paid a $0.08 dividend. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $0.32 annualized dividend and a dividend yield of 2.6%. Wabash National’s dividend payout ratio is currently -20.00%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in WNC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Wabash National by 2.0% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,821,212 shares of the company’s stock worth $17,975,000 after acquiring an additional 36,226 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Wabash National by 17.5% during the first quarter. Dimensional Fund Advisors LP now owns 1,657,953 shares of the company’s stock valued at $14,291,000 after acquiring an additional 247,345 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Wabash National by 17.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,548,493 shares of the company’s stock worth $13,394,000 after purchasing an additional 233,979 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of Wabash National by 4.3% during the second quarter. Ameriprise Financial Inc. now owns 1,445,635 shares of the company’s stock worth $15,367,000 after purchasing an additional 59,054 shares during the period. Finally, Goldman Sachs Group Inc. grew its stake in shares of Wabash National by 161.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,108,072 shares of the company’s stock worth $9,585,000 after purchasing an additional 684,397 shares during the last quarter. Institutional investors own 97.05% of the company’s stock.

Wabash National Company Profile

Wabash National Corporation (NYSE: WNC) is a leading designer and manufacturer of transportation equipment and supply chain solutions. The company’s product portfolio includes dry freight van trailers, refrigerated vans, tank trailers, platform trailers, flatbeds and composite bodies. Wabash National also offers railcar products and modular building solutions, serving customers in a wide range of end markets such as food and beverage, chemicals, agriculture, waste management and construction.

Founded in 1985 and headquartered in Lafayette, Indiana, Wabash National has built a reputation for innovation in lightweight materials, advanced manufacturing processes and telematics integration.