Brent L. Yeagy Sells 16,864 Shares of Wabash National Co. (NYSE:WNC) Stock

kopsource · Mar 9, 2023 23:10

Wabash National Co. (NYSE:WNC – Get Rating) CEO Brent L. Yeagy sold 16,864 shares of Wabash National stock in a transaction that occurred on Tuesday, March 7th. The stock was sold at an average price of $27.21, for a total transaction of $458,869.44. Following the completion of the sale, the chief executive officer now directly owns 275,787 shares of the company's stock, valued at $7,504,164.27. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Wabash National Stock Performance

Wabash National stock opened at $27.18 on Thursday. Wabash National Co. has a 12-month low of $12.23 and a 12-month high of $30.10. The company has a market capitalization of $1.29 billion, a price-to-earnings ratio of 11.97 and a beta of 1.64. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.71 and a quick ratio of 1.00. The firm's fifty day moving average price is $26.28 and its 200 day moving average price is $22.17.

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Wabash National (NYSE:WNC – Get Rating) last released its quarterly earnings results on Thursday, February 2nd. The company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.13. Wabash National had a net margin of 4.49% and a return on equity of 31.21%. The firm had revenue of $657.40 million for the quarter, compared to the consensus estimate of $668.58 million. During the same quarter in the previous year, the firm posted $0.07 EPS. The firm's quarterly revenue was up 37.2% on a year-over-year basis. On average, research analysts forecast that Wabash National Co. will post 2.9 EPS for the current fiscal year.

Wabash National Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 27th. Investors of record on Thursday, April 6th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.18%. The ex-dividend date of this dividend is Wednesday, April 5th. Wabash National's dividend payout ratio (DPR) is 14.10%.

Institutional Investors Weigh In On Wabash National

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Financial Advocates Investment Management bought a new stake in shares of Wabash National during the 3rd quarter valued at about $326,000. Victory Capital Management Inc. grew its position in shares of Wabash National by 9.9% during the 3rd quarter. Victory Capital Management Inc. now owns 1,894,284 shares of the company's stock valued at $29,476,000 after buying an additional 170,835 shares during the last quarter. Martingale Asset Management L P bought a new stake in shares of Wabash National during the 3rd quarter valued at about $502,000. Aristotle Capital Boston LLC grew its position in shares of Wabash National by 4.4% during the 2nd quarter. Aristotle Capital Boston LLC now owns 1,054,604 shares of the company's stock valued at $14,322,000 after buying an additional 44,797 shares during the last quarter. Finally, Kennedy Capital Management Inc. grew its position in shares of Wabash National by 18.0% during the 2nd quarter. Kennedy Capital Management Inc. now owns 1,234,435 shares of the company's stock valued at $16,764,000 after buying an additional 188,656 shares during the last quarter. Institutional investors own 98.24% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Vertical Research lowered shares of Wabash National from a "buy" rating to a "hold" rating and set a $27.00 price target on the stock. in a report on Monday, December 5th. Raymond James lifted their price target on shares of Wabash National from $29.00 to $33.00 and gave the company a "strong-buy" rating in a report on Friday, February 3rd. BMO Capital Markets lifted their price target on shares of Wabash National from $17.00 to $27.50 in a report on Friday, February 3rd. DA Davidson lifted their price target on shares of Wabash National from $29.00 to $35.00 and gave the company a "buy" rating in a report on Friday, February 3rd. Finally, StockNews.com lowered shares of Wabash National from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 21st. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $28.30.

About Wabash National

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Wabash National Corp. engages in the design, manufacture and market of semi-trailers, truck bodies, specialized commercial vehicles, and liquid transportation systems. It operates through the following segments: Commercial Trailer Products, Diversified Products, and Final Mile Products. The Commercial Trailer Products segment manufactures van and platform trailers and other transportation related equipment to customers who purchase directly from the company or through independent dealers.