Wabash National (NYSE:WNC) Stock Price Down 5.7%

Shares of Wabash National Co. (NYSE:WNC) traded down 5.7% on Tuesday . The company traded as low as $18.64 and last traded at $18.65. 189,205 shares traded hands during trading, a decline of 69% from the average session volume of 611,844 shares. The stock had previously closed at $19.78.

Analyst Upgrades and Downgrades

WNC has been the subject of several research reports. StockNews.com downgraded shares of Wabash National from a “buy” rating to a “hold” rating in a research note on Friday, April 26th. DA Davidson reaffirmed a “neutral” rating and set a $23.00 price target on shares of Wabash National in a research report on Monday, June 24th.

Wabash National Trading Down 0.4 %

The firm has a fifty day moving average of $20.93 and a 200 day moving average of $23.83. The firm has a market capitalization of $836 million, a PE ratio of 4.58 and a beta of 1.56. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.15 and a current ratio of 1.99.

Wabash National (NYSE:WNC) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.08. Wabash National had a net margin of 6.66% and a return on equity of 28.24%. The company had revenue of $550.61 million during the quarter, compared to the consensus estimate of $594.77 million. During the same quarter last year, the company earned $1.54 earnings per share. Wabash National’s revenue for the quarter was down 19.8% on a year-over-year basis. Equities research analysts expect that Wabash National Co. will post 1.53 EPS for the current year.

Wabash National Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $0.32 dividend on an annualized basis and a yield of 1.68%. Wabash National’s dividend payout ratio is currently 7.69%.

Institutional Trading of Wabash National

Large investors have recently modified their holdings of the business. Wasatch Advisors LP grew its position 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 worth $41,340,000 after buying an additional 553,500 shares in the last quarter. Clearbridge Investments LLC grew its holdings in Wabash National by 383.5% during the 4th quarter. Clearbridge Investments LLC now owns 513,784 shares of the company’s stock worth $13,163,000 after acquiring an additional 407,518 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of Wabash National by 40.0% in the 2nd quarter. Victory Capital Management Inc. now owns 1,015,355 shares of the company’s stock worth $22,175,000 after purchasing an additional 290,287 shares during the last quarter. Millennium Management LLC raised its stake in shares of Wabash National by 1,311.6% in the 2nd quarter. Millennium Management LLC now owns 279,900 shares of the company’s stock valued at $6,113,000 after purchasing an additional 260,072 shares in the last quarter. Finally, American Century Companies Inc. raised its stake in shares of Wabash National by 19.7% in the 2nd quarter. American Century Companies Inc. now owns 1,095,915 shares of the company’s stock valued at $23,935,000 after purchasing an additional 180,080 shares in the last quarter. 97.05% of the stock is currently owned by institutional investors and hedge funds.

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.