Wabash National (NYSE:WNC) Hits New 1-Year Low – Time to Sell?

Wabash National Co. (NYSE:WNC)’s share price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $14.78 and last traded at $14.81, with a volume of 124839 shares changing hands. The stock had previously closed at $15.07.

Wabash National Stock Performance

The company’s fifty day simple moving average is $17.39 and its two-hundred day simple moving average is $18.51. The company has a debt-to-equity ratio of 2.10, a quick ratio of 1.09 and a current ratio of 1.93. The stock has a market capitalization of $647.89 million, a P/E ratio of -2.29 and a beta of 1.55.

Wabash National (NYSE:WNC) last announced its quarterly earnings data on Wednesday, January 29th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.04). Wabash National had a positive return on equity of 14.72% and a negative net margin of 14.59%. During the same quarter last year, the company earned $1.07 EPS. As a group, equities analysts forecast that Wabash National Co. will post 0.95 EPS for the current year.

Wabash National Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 30th. Investors of record on Friday, January 10th were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 2.14%. The ex-dividend date of this dividend was Friday, January 10th. Wabash National’s dividend payout ratio is currently -4.91%.

Insider Activity

In other news, SVP Michael N. Pettit sold 1,500 shares of Wabash National stock in a transaction dated Tuesday, December 31st. The shares were 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 $2,015,132.13. This trade represents a 1.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.78% of the stock is owned by company insiders.

Institutional Investors Weigh In On Wabash National

Institutional investors have recently bought and sold shares of the stock. Kathleen S. Wright Associates Inc. purchased a new position in Wabash National during the 3rd quarter valued at about $27,000. Gladius Capital Management LP bought a new position in shares of Wabash National in the third quarter worth approximately $29,000. Meeder Asset Management Inc. bought a new stake in Wabash National during the third quarter valued at approximately $44,000. EMC Capital Management grew its stake in Wabash National by 88.1% in the 4th quarter. EMC Capital Management now owns 8,250 shares of the company’s stock worth $141,000 after buying an additional 3,864 shares in the last quarter. Finally, HighTower Advisors LLC bought a new position in shares of Wabash National in the 3rd quarter worth $192,000. Institutional investors own 97.05% of the company’s stock.

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.