Wabash National (NYSE:WNC) Shares Gap Down on Disappointing Earnings

Wabash National Co. (NYSE:WNC) shares gapped down prior to trading on Wednesday following a weaker than expected earnings announcement. The stock had previously closed at $25.75, but opened at $24.50. Wabash National shares last traded at $25.08, with a volume of 117,582 shares traded.

The company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.06). The business had revenue of $515.28 million during the quarter. Wabash National had a return on equity of 37.84% and a net margin of 8.15%.

Wabash National Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 25th. Shareholders of record on Thursday, April 4th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date of this dividend was Wednesday, April 3rd. Wabash National’s payout ratio is 7.69%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Wabash National from a “hold” rating to a “buy” rating in a research note on Thursday, April 18th.

Insider Transactions at Wabash National

In other news, Director Priyadarshi Sudhanshu sold 1,010 shares of the firm’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $27.06, for a total value of $27,330.60. Following the transaction, the director now directly owns 6,386 shares in the company, valued at approximately $172,805.16. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, Director Larry J. Magee sold 3,086 shares of Wabash National stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $26.50, for a total transaction of $81,779.00. Following the transaction, the director now directly owns 114,146 shares in the company, valued at $3,024,869. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Priyadarshi Sudhanshu sold 1,010 shares of Wabash National stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $27.06, for a total value of $27,330.60. Following the transaction, the director now owns 6,386 shares in the company, valued at $172,805.16. The disclosure for this sale can be found here. Company insiders own 1.13% of the company’s stock.

Hedge Funds Weigh In On Wabash National

Institutional investors and hedge funds have recently bought and sold shares of the stock. Gladius Capital Management LP purchased a new position in Wabash National during the fourth quarter valued at $36,000. Quadrant Capital Group LLC raised its holdings in Wabash National by 61.3% during the fourth quarter. Quadrant Capital Group LLC now owns 1,486 shares of the company’s stock valued at $38,000 after acquiring an additional 565 shares during the period. Tradewinds Capital Management LLC bought a new stake in Wabash National during the first quarter valued at about $48,000. EMC Capital Management bought a new stake in Wabash National during the third quarter valued at about $129,000. Finally, DekaBank Deutsche Girozentrale raised its holdings in Wabash National by 124.4% during the third quarter. DekaBank Deutsche Girozentrale now owns 9,365 shares of the company’s stock valued at $200,000 after acquiring an additional 5,192 shares during the period. 97.05% of the stock is currently owned by hedge funds and other institutional investors.

Wabash National Trading Down 1.7 %

The company has a quick ratio of 1.17, a current ratio of 1.87 and a debt-to-equity ratio of 0.73. The stock has a fifty day simple moving average of $27.29 and a 200 day simple moving average of $24.91. The firm has a market capitalization of $1.08 billion, a P/E ratio of 5.77 and a beta of 1.58.

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.