Insider Selling: Wabash National Co. (NYSE:WNC) SVP Sells $25,785.00 in Stock

Wabash National Co. (NYSE:WNC) SVP Michael N. Pettit sold 1,500 shares of the 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 completion of the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Wabash National Stock Up 0.7 %

Shares of WNC opened at $17.12 on Monday. The firm has a fifty day moving average price of $18.60 and a 200-day moving average price of $19.40. The company has a current ratio of 1.88, a quick ratio of 1.12 and a debt-to-equity ratio of 1.97. The firm has a market capitalization of $741.93 million, a P/E ratio of -3.15 and a beta of 1.54. Wabash National Co. has a 12-month low of $15.94 and a 12-month high of $30.07.

Wabash National (NYSE:WNC) last issued its earnings results on Thursday, October 24th. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.04). The company had revenue of $464.00 million during the quarter, compared to the consensus estimate of $477.35 million. Wabash National had a positive return on equity of 22.98% and a negative net margin of 10.94%. Wabash National’s revenue was down 26.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.16 earnings per share. Equities research analysts expect that Wabash National Co. will post 1.29 earnings per share for the current year.

Wabash National Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 30th. Stockholders of record on Friday, January 10th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date is Friday, January 10th. Wabash National’s payout ratio is -5.89%.

Hedge Funds Weigh In On Wabash National

Several institutional investors have recently made changes to their positions in WNC. Kathleen S. Wright Associates Inc. bought a new position in Wabash National during the 3rd quarter worth about $27,000. Gladius Capital Management LP bought a new position in shares of Wabash National during the third quarter valued at approximately $29,000. Point72 Hong Kong Ltd bought a new position in Wabash National in the second quarter worth approximately $34,000. Meeder Asset Management Inc. purchased a new stake in Wabash National during the third quarter worth $44,000. Finally, Canada Pension Plan Investment Board bought a new stake in Wabash National during the 2nd quarter valued at $66,000. Hedge funds and other institutional investors own 97.05% of the company’s stock.

Wall Street Analyst Weigh In

Separately, DA Davidson reiterated a “neutral” rating and issued a $18.00 price target on shares of Wabash National in a report on Monday, September 30th.

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.