Wabash National Co. (NYSE:WNC – Get Rating) SVP Kevin J. Page sold 22,160 shares of Wabash National stock in a transaction that occurred on Wednesday, March 8th. The stock was sold at an average price of $27.15, for a total value of $601,644.00. Following the sale, the senior vice president now directly owns 70,134 shares of the company's stock, valued at $1,904,138.10. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Wabash National Trading Down 4.7 %

NYSE WNC opened at $25.78 on Friday. The business's 50-day moving average price is $26.43 and its two-hundred day moving average price is $22.28. Wabash National Co. has a 12 month low of $12.23 and a 12 month high of $30.10. The firm has a market capitalization of $1.22 billion, a PE ratio of 11.36 and a beta of 1.64. The company has a current ratio of 1.71, a quick ratio of 1.00 and a debt-to-equity ratio of 0.99.

Wabash National (NYSE:WNC – Get Rating) last released its quarterly 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. Wabash National had a return on equity of 31.21% and a net margin of 4.49%. The firm had revenue of $657.40 million for the quarter, compared to analyst estimates of $668.58 million. During the same quarter in the previous year, the company posted $0.07 EPS. The business's revenue was up 37.2% on a year-over-year basis. On average, analysts expect that Wabash National Co. will post 2.9 EPS for the current year.

Wabash National Dividend Announcement

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

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Wabash National

Institutional investors have recently made changes to their positions in the stock. MinichMacGregor Wealth Management LLC acquired a new position in shares of Wabash National in the 4th quarter valued at about $33,000. Quantbot Technologies LP acquired a new position in shares of Wabash National in the 1st quarter valued at about $26,000. Lazard Asset Management LLC acquired a new position in shares of Wabash National in the 3rd quarter valued at about $41,000. Metropolitan Life Insurance Co NY lifted its stake in shares of Wabash National by 21.7% in the 4th quarter. Metropolitan Life Insurance Co NY now owns 2,998 shares of the company's stock valued at $68,000 after purchasing an additional 535 shares during the period. Finally, Group One Trading L.P. acquired a new position in shares of Wabash National in the 4th quarter valued at about $73,000. Institutional investors own 98.24% of the company's stock.

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.

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