Wabash National (WNC) Reaches New 12-Month Low at $16.78
Wabash National Co. (NYSE:WNC)’s share price reached a new 52-week low on Thursday . The company traded as low as $16.78 and last traded at $17.10, with a volume of 16121 shares trading hands. The stock had previously closed at $16.97.
A number of equities analysts recently weighed in on WNC shares. ValuEngine lowered Wabash National from a “hold” rating to a “sell” rating in a research report on Wednesday, August 8th. Zacks Investment Research lowered Wabash National from a “hold” rating to a “sell” rating in a research report on Wednesday, August 8th. BMO Capital Markets reissued a “hold” rating and issued a $25.00 price objective on shares of Wabash National in a research note on Thursday, July 19th. Piper Jaffray Companies set a $22.00 price objective on Wabash National and gave the stock a “hold” rating in a research note on Wednesday, August 1st. Finally, Loop Capital began coverage on Wabash National in a research note on Monday, October 1st. They issued a “buy” rating and a $27.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $25.14.
The company has a market capitalization of $1.04 billion, a PE ratio of 9.83, a PEG ratio of 0.33 and a beta of 1.79. The company has a quick ratio of 1.20, a current ratio of 1.96 and a debt-to-equity ratio of 1.01.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 25th. Investors of record on Thursday, October 4th will be paid a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 2.21%. The ex-dividend date of this dividend is Wednesday, October 3rd. Wabash National’s dividend payout ratio is currently 21.74%.
Institutional investors have recently made changes to their positions in the stock. BlackRock Inc. raised its stake in shares of Wabash National by 7.3% during the 2nd quarter. BlackRock Inc. now owns 8,113,463 shares of the company’s stock worth $151,396,000 after purchasing an additional 548,706 shares in the last quarter. Millennium Management LLC raised its stake in shares of Wabash National by 171.1% during the 2nd quarter. Millennium Management LLC now owns 497,540 shares of the company’s stock worth $9,284,000 after purchasing an additional 314,023 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in shares of Wabash National during the 2nd quarter worth about $1,866,000. Schwab Charles Investment Management Inc. raised its stake in shares of Wabash National by 14.2% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 576,772 shares of the company’s stock worth $10,763,000 after purchasing an additional 71,524 shares in the last quarter. Finally, Scopus Asset Management L.P. raised its stake in shares of Wabash National by 20.7% during the 2nd quarter. Scopus Asset Management L.P. now owns 368,709 shares of the company’s stock worth $6,880,000 after purchasing an additional 63,145 shares in the last quarter.
Wabash National Company Profile (NYSE:WNC)
Wabash National Corporation manufactures and sells semi-trailers, truck bodies, specialized commercial vehicles, and liquid transportation systems. The company's Commercial Trailer Products segment provides dry van trailers; platform trailers; refrigerated trailers; converter dollies, big tire haulers, steel coil haulers, and trailers; aftermarket parts and services; and used trailers.
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