Insider Selling: Wabash National Co. (NYSE:WNC) CEO Sells $458,869.44 in Stock

Defense World · Mar 11, 2023 18:32

Wabash National Co. (NYSE:WNC – Get Rating) CEO Brent L. Yeagy sold 16,864 shares of the stock in a transaction on Tuesday, March 7th. The shares were 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 in the company, valued at approximately $7,504,164.27. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Wabash National Trading Down 4.7 %

NYSE WNC opened at $25.78 on Friday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.00 and a current ratio of 1.71. The company has a market capitalization of $1.22 billion, a price-to-earnings ratio of 11.36 and a beta of 1.64. The company's 50-day simple moving average is $26.43 and its two-hundred day simple moving average is $22.26. Wabash National Co. has a one year low of $12.23 and a one year high of $30.10.

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

Wabash National Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 27th. Shareholders of record on Thursday, April 6th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend is Wednesday, April 5th. Wabash National's dividend payout ratio (DPR) is 14.10%.

Institutional Trading of Wabash National

A number of institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Wabash National by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 6,474,779 shares of the company's stock valued at $100,748,000 after buying an additional 50,493 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Wabash National by 3.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,427,583 shares of the company's stock valued at $77,464,000 after buying an additional 110,277 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Wabash National by 9.9% in 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 in the last quarter. State Street Corp boosted its holdings in shares of Wabash National by 2.4% in the 1st quarter. State Street Corp now owns 1,770,585 shares of the company's stock valued at $26,275,000 after buying an additional 40,901 shares in the last quarter. Finally, Kennedy Capital Management Inc. boosted its holdings in shares of Wabash National by 18.0% in 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 in the last quarter. 98.24% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on WNC. Raymond James increased their target price on shares of Wabash National from $29.00 to $33.00 and gave the company a "strong-buy" rating in a research note on Friday, February 3rd. DA Davidson raised their price target on shares of Wabash National from $29.00 to $35.00 and gave the stock a "buy" rating in a research note on Friday, February 3rd. StockNews.com downgraded shares of Wabash National from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, February 21st. BMO Capital Markets raised their price target on shares of Wabash National from $17.00 to $27.50 in a research note on Friday, February 3rd. Finally, Vertical Research downgraded shares of Wabash National from a "buy" rating to a "hold" rating and set a $27.00 price target on the stock. in a research note on Monday, December 5th. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $28.30.

Wabash National Company Profile

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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.