Raymond James Reiterates “Maintains” Rating for Wabash National (NYSE:WNC)

Raymond James reiterated their maintains rating on shares of Wabash National (NYSE:WNCGet Rating) in a research report report published on Thursday, Benzinga reports.

Separately, StockNews.com initiated coverage on Wabash National in a research report on Thursday, March 31st. They set a hold rating on the stock. One research analyst has rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of Moderate Buy and an average price target of $22.00.

Wabash National Trading Up 4.6 %

Shares of NYSE WNC opened at $18.06 on Thursday. Wabash National has a 12 month low of $12.23 and a 12 month high of $21.63. The company has a market cap of $885.54 million, a price-to-earnings ratio of 95.05 and a beta of 1.48. The company has a quick ratio of 1.10, a current ratio of 1.87 and a debt-to-equity ratio of 1.42. The business has a fifty day simple moving average of $14.92 and a 200-day simple moving average of $15.66.

Wabash National (NYSE:WNCGet Rating) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.01). The business had revenue of $642.80 million for the quarter, compared to analyst estimates of $619.30 million. Wabash National had a net margin of 0.51% and a return on equity of 10.43%. The firm’s quarterly revenue was up 43.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.21 earnings per share. Sell-side analysts predict that Wabash National will post 1.9 EPS for the current year.

Wabash National Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 28th. Shareholders of record on Thursday, July 7th were given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 1.77%. The ex-dividend date was Wednesday, July 6th. Wabash National’s payout ratio is currently 168.42%.

Insiders Place Their Bets

In other Wabash National news, CEO Brent L. Yeagy sold 39,930 shares of the company’s stock in a transaction dated Thursday, July 28th. The stock was sold at an average price of $17.00, for a total value of $678,810.00. Following the transaction, the chief executive officer now directly owns 459,079 shares of the company’s stock, valued at approximately $7,804,343. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 1.64% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of WNC. Quantbot Technologies LP acquired a new position in Wabash National in the 1st quarter worth about $26,000. Advisor Group Holdings Inc. increased its holdings in shares of Wabash National by 208.7% during the 4th quarter. Advisor Group Holdings Inc. now owns 2,423 shares of the company’s stock valued at $49,000 after acquiring an additional 1,638 shares during the last quarter. Captrust Financial Advisors increased its holdings in shares of Wabash National by 62.4% during the 1st quarter. Captrust Financial Advisors now owns 4,470 shares of the company’s stock valued at $66,000 after acquiring an additional 1,717 shares during the last quarter. Steward Partners Investment Advisory LLC increased its holdings in shares of Wabash National by 30,512.0% during the 1st quarter. Steward Partners Investment Advisory LLC now owns 7,653 shares of the company’s stock valued at $114,000 after acquiring an additional 7,628 shares during the last quarter. Finally, Teacher Retirement System of Texas acquired a new position in shares of Wabash National during the 1st quarter valued at about $152,000. 99.07% of the stock is owned by institutional investors and hedge funds.

Wabash National Company Profile

(Get Rating)

Wabash National Corporation designs, manufactures, and distributes engineered 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 provides dry van and platform trailers; refrigerated trailers; converter dollies; van bodies for dry-freight transportation; cutaway van bodies for commercial applications; service bodies; insulated van bodies; stake bodies; refrigerated truck bodies; and used trailers, as well as laminated hardwood oak flooring products.

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