Wabash National (NYSE:WNC) Shares Gap Down Following Weak Earnings

Wabash National Co. (NYSE:WNC)’s share price gapped down before the market opened on Wednesday following a dissappointing earnings announcement. The stock had previously closed at $15.64, but opened at $15.24. Wabash National shares last traded at $16.09, with a volume of 210,287 shares trading hands.

The company reported ($0.02) EPS for the quarter, missing the consensus estimate 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 last year, the company earned $1.07 EPS.

Wabash National Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 30th. Stockholders of record on Friday, January 10th were given a $0.08 dividend. The ex-dividend date was Friday, January 10th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.05%. Wabash National’s dividend payout ratio (DPR) is currently -5.89%.

Insider Transactions at Wabash National

In other news, SVP Michael N. Pettit sold 1,500 shares of the firm’s stock in a transaction that occurred on 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 sale, the senior vice president now owns 117,227 shares of the company’s stock, valued at $2,015,132.13. This trade represents a 1.26 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 1.78% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Wabash National

A number of large investors have recently bought and sold shares of the stock. Kathleen S. Wright Associates Inc. acquired a new stake in shares of Wabash National in the 3rd quarter valued at about $27,000. Gladius Capital Management LP bought a new stake in shares of Wabash National during the third quarter valued at approximately $29,000. Meeder Asset Management Inc. acquired a new position in shares of Wabash National during the third quarter worth approximately $44,000. EMC Capital Management lifted its holdings in shares of 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 purchasing an additional 3,864 shares in the last quarter. Finally, Point72 Asset Management L.P. acquired a new stake in Wabash National in the 2nd quarter valued at $181,000. 97.05% of the stock is currently owned by institutional investors and hedge funds.

Wabash National Stock Down 4.3 %

The firm has a market cap of $676.71 million, a P/E ratio of -2.88 and a beta of 1.57. The stock’s 50 day simple moving average is $17.72 and its 200 day simple moving average is $18.75. The company has a debt-to-equity ratio of 1.97, a quick ratio of 1.12 and a current ratio of 1.88.

About Wabash National

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.