Wabash National (NYSE:WNC) Reaches New 52-Week Low – Time to Sell?

Wabash National Co. (NYSE:WNC) shares hit a new 52-week low on Monday . The company traded as low as $15.35 and last traded at $15.44, with a volume of 137739 shares changing hands. The stock had previously closed at $15.59.

Wabash National Trading Up 2.3 %

The company has a debt-to-equity ratio of 1.97, a quick ratio of 1.12 and a current ratio of 1.88. The company’s 50-day moving average price is $17.76 and its 200-day moving average price is $18.77. The firm has a market capitalization of $676.75 million, a PE ratio of -2.88 and a beta of 1.57.

Wabash National (NYSE:WNC) last announced its quarterly earnings results 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 22.98% and a negative net margin of 10.94%. During the same period in the previous year, the company earned $1.07 EPS. On average, sell-side analysts expect that Wabash National Co. will post 1.29 earnings per share for the current year.

Wabash National Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 30th. Shareholders of record on Friday, January 10th will be paid a $0.08 dividend. The ex-dividend date is Friday, January 10th. This represents a $0.32 annualized dividend and a yield of 2.05%. Wabash National’s dividend payout ratio is currently -5.89%.

Insider Transactions at Wabash National

In other Wabash National news, SVP Michael N. Pettit sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $17.19, for a total transaction of $25,785.00. Following the transaction, the senior vice president now owns 117,227 shares of the company’s stock, valued at approximately $2,015,132.13. This trade represents a 1.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.78% of the company’s stock.

Institutional Trading of Wabash National

Large investors have recently made changes to their positions in the company. Bank of Montreal Can boosted its holdings in shares of Wabash National by 61.8% in the second quarter. Bank of Montreal Can now owns 16,971 shares of the company’s stock valued at $373,000 after acquiring an additional 6,483 shares during the period. Marshall Wace LLP acquired a new stake in Wabash National during the 2nd quarter worth $1,150,000. Cubist Systematic Strategies LLC grew its position in Wabash National by 167.8% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 72,453 shares of the company’s stock worth $1,582,000 after purchasing an additional 45,394 shares during the last quarter. Squarepoint Ops LLC increased its stake in Wabash National by 100.3% in the second quarter. Squarepoint Ops LLC now owns 182,258 shares of the company’s stock valued at $3,981,000 after purchasing an additional 91,265 shares during the period. Finally, AQR Capital Management LLC raised its holdings in shares of Wabash National by 3.6% in the second quarter. AQR Capital Management LLC now owns 481,040 shares of the company’s stock valued at $10,506,000 after buying an additional 16,633 shares during the last quarter. 97.05% of the stock is 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.