Shares of Wabash National Co. (NYSE:WNC) have earned an average recommendation of “Hold” from the nine analysts that are covering the stock, MarketBeat reports. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $27.50.
A number of equities analysts recently issued reports on WNC shares. Zacks Investment Research cut Wabash National from a “buy” rating to a “hold” rating in a report on Saturday, May 12th. ValuEngine cut Wabash National from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. Craig Hallum set a $32.00 target price on Wabash National and gave the stock a “buy” rating in a report on Wednesday, May 2nd. Finally, OTR Global upgraded Wabash National to a “positive” rating in a report on Thursday, March 1st.
Shares of Wabash National stock traded down $0.31 on Thursday, reaching $19.99. 502,400 shares of the company’s stock were exchanged, compared to its average volume of 702,897. The stock has a market capitalization of $1.16 billion, a price-to-earnings ratio of 14.49, a PEG ratio of 0.46 and a beta of 1.82. Wabash National has a 52 week low of $18.25 and a 52 week high of $26.54. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.20 and a current ratio of 1.91.
The business also recently declared a quarterly dividend, which will be paid on Thursday, July 26th. Investors of record on Thursday, July 5th will be given a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date of this dividend is Tuesday, July 3rd. Wabash National’s payout ratio is currently 21.74%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its position in Wabash National by 0.9% in the 1st quarter. BlackRock Inc. now owns 7,564,757 shares of the company’s stock valued at $157,423,000 after buying an additional 66,192 shares during the last quarter. Royce & Associates LP raised its position in Wabash National by 18.5% in the 4th quarter. Royce & Associates LP now owns 4,571,699 shares of the company’s stock valued at $99,206,000 after buying an additional 715,062 shares during the last quarter. LSV Asset Management raised its position in Wabash National by 0.7% in the 1st quarter. LSV Asset Management now owns 3,404,091 shares of the company’s stock valued at $70,839,000 after buying an additional 23,800 shares during the last quarter. Park West Asset Management LLC raised its position in Wabash National by 11.2% in the 1st quarter. Park West Asset Management LLC now owns 1,817,481 shares of the company’s stock valued at $37,822,000 after buying an additional 182,481 shares during the last quarter. Finally, Allianz Asset Management GmbH raised its position in Wabash National by 3.7% in the 4th quarter. Allianz Asset Management GmbH now owns 1,452,237 shares of the company’s stock valued at $31,514,000 after buying an additional 52,460 shares during the last quarter.
Wabash National Company Profile
Wabash National Corporation manufactures and sells semi-trailers, truck bodies, specialized commercial vehicles, and liquid transportation systems. The company's Commercial Trailer Products segment provides dry van trailers; platform trailers; refrigerated trailers; converter dollies, big tire haulers, steel coil haulers, and trailers; aftermarket parts and services; and used trailers.
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