BMO Capital Markets restated their hold rating on shares of Wabash National Corporation (NYSE:WNC) in a research report released on Friday morning. They currently have a $12.00 target price on the stock.
A number of other equities analysts also recently commented on the company. Seaport Global Securities downgraded Wabash National Corporation from a buy rating to a neutral rating and upped their target price for the company from $16.00 to $17.00 in a report on Friday, December 16th. Aegis started coverage on Wabash National Corporation in a report on Friday, December 9th. They issued a buy rating and a $21.00 price objective for the company. Zacks Investment Research upgraded Wabash National Corporation from a sell rating to a hold rating in a report on Friday, October 28th. Finally, started coverage on Wabash National Corporation in a report on Friday, September 30th. They issued an underperform rating and a $15.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. Wabash National Corporation presently has a consensus rating of Hold and a consensus target price of $15.43.
Wabash National Corporation (NYSE:WNC) opened at 17.27 on Friday. The firm’s 50-day moving average is $15.69 and its 200-day moving average is $13.89. The stock has a market capitalization of $1.07 billion, a P/E ratio of 8.88 and a beta of 1.89. Wabash National Corporation has a 12-month low of $10.20 and a 12-month high of $17.36.
Wabash National Corporation (NYSE:WNC) last announced its earnings results on Monday, October 24th. The company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. The company earned $464.30 million during the quarter. Wabash National Corporation had a return on equity of 28.11% and a net margin of 6.73%. Wabash National Corporation’s revenue was down 12.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.47 EPS. Analysts predict that Wabash National Corporation will post $1.84 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, January 26th. Stockholders of record on Thursday, January 5th will be issued a dividend of $0.06 per share. The ex-dividend date is Tuesday, January 3rd. This represents a $0.24 annualized dividend and a dividend yield of 1.39%. Wabash National Corporation’s payout ratio is presently 12.24%.
In other news, CEO Richard J. Giromini sold 90,000 shares of the firm’s stock in a transaction on Wednesday, December 14th. The stock was sold at an average price of $15.50, for a total transaction of $1,395,000.00. Following the completion of the transaction, the chief executive officer now directly owns 692,625 shares in the company, valued at $10,735,687.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Mark Jason Weber sold 16,400 shares of the firm’s stock in a transaction on Thursday, December 15th. The shares were sold at an average price of $15.61, for a total value of $256,004.00. Following the transaction, the senior vice president now owns 137,664 shares of the company’s stock, valued at $2,148,935.04. The disclosure for this sale can be found here. Insiders own 2.90% of the company’s stock.
Institutional investors have recently modified their holdings of the stock. BlackRock Fund Advisors increased its position in shares of Wabash National Corporation by 190.9% in the third quarter. BlackRock Fund Advisors now owns 4,451,041 shares of the company’s stock valued at $63,383,000 after buying an additional 2,921,101 shares during the last quarter. Peregrine Capital Management LLC acquired a new stake in Wabash National Corporation during the third quarter valued at approximately $20,888,000. Artemis Investment Management LLP acquired a new stake in Wabash National Corporation during the second quarter valued at approximately $13,342,000. Prudential Financial Inc. boosted its stake in Wabash National Corporation by 38.9% in the second quarter. Prudential Financial Inc. now owns 2,650,818 shares of the company’s stock valued at $33,666,000 after buying an additional 742,960 shares during the period. Finally, Old Mutual Global Investors UK Ltd. boosted its stake in Wabash National Corporation by 261.5% in the third quarter. Old Mutual Global Investors UK Ltd. now owns 839,995 shares of the company’s stock valued at $11,961,000 after buying an additional 607,640 shares during the period.
Wabash National Corporation Company Profile
Wabash National Corporation is engaged in designing, manufacturing and marketing standard and customized truck and tank trailers, intermodal equipment and transportation related products. The Company’s segments include Commercial Trailer Products, Diversified Products, Retail, and Corporate and Eliminations.