Wabash National Co. (WNC) To Go Ex-Dividend on April 3rd

Wabash National Co. (NYSE:WNC) announced a quarterly dividend on Thursday, February 15th, Wall Street Journal reports. Shareholders of record on Thursday, April 4th will be paid a dividend of 0.08 per share on Thursday, April 25th. This represents a $0.32 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date of this dividend is Wednesday, April 3rd.

Wabash National has a dividend payout ratio of 12.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Wabash National to earn $2.80 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 11.4%.

Wabash National Price Performance

Shares of NYSE WNC opened at $29.94 on Monday. The company has a market capitalization of $1.35 billion, a PE ratio of 6.22 and a beta of 1.58. The company has a quick ratio of 1.17, a current ratio of 1.93 and a debt-to-equity ratio of 0.72. The stock’s 50 day moving average price is $26.96 and its 200-day moving average price is $24.27. Wabash National has a twelve month low of $20.09 and a twelve month high of $30.06.

Wabash National (NYSE:WNC) last released its earnings results on Thursday, February 1st. The company reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.18. Wabash National had a net margin of 9.12% and a return on equity of 46.87%. The firm had revenue of $596.10 million during the quarter, compared to the consensus estimate of $633.68 million. During the same period in the prior year, the firm earned $0.84 EPS. The company’s revenue was down 9.3% compared to the same quarter last year. On average, equities analysts anticipate that Wabash National will post 2.19 EPS for the current year.

Insiders Place Their Bets

In other news, Director Larry J. Magee sold 3,086 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $26.50, for a total value of $81,779.00. Following the completion of the transaction, the director now directly owns 114,146 shares in the company, valued at $3,024,869. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Priyadarshi Sudhanshu sold 1,010 shares of the business’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $27.06, for a total transaction of $27,330.60. Following the completion of the transaction, the director now directly owns 6,386 shares in the company, valued at $172,805.16. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Larry J. Magee sold 3,086 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $26.50, for a total value of $81,779.00. Following the completion of the sale, the director now directly owns 114,146 shares in the company, valued at approximately $3,024,869. The disclosure for this sale can be found here. 1.13% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Wabash National

A number of institutional investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. boosted its holdings in shares of Wabash National by 30.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 517,085 shares of the company’s stock worth $13,248,000 after purchasing an additional 119,250 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its position in Wabash National by 19.4% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 15,002 shares of the company’s stock worth $384,000 after buying an additional 2,440 shares during the last quarter. Virtus Investment Advisers Inc. boosted its stake in Wabash National by 305.0% in the fourth quarter. Virtus Investment Advisers Inc. now owns 26,424 shares of the company’s stock worth $677,000 after buying an additional 19,900 shares in the last quarter. Legal & General Group Plc grew its position in Wabash National by 0.7% during the fourth quarter. Legal & General Group Plc now owns 131,579 shares of the company’s stock valued at $3,371,000 after acquiring an additional 974 shares during the last quarter. Finally, Barclays PLC raised its stake in shares of Wabash National by 97.6% during the fourth quarter. Barclays PLC now owns 96,337 shares of the company’s stock worth $2,469,000 after acquiring an additional 47,577 shares in the last quarter. Institutional investors own 97.05% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Wabash National from a “hold” rating to a “buy” rating in a report on Tuesday, March 19th.

About Wabash National

Wabash National Corporation provides connected 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 designs and manufactures transportation-related equipment and products dry and refrigerated van trailers, platform trailers, tank trailers, and truck-mounted tanks; truck bodies for dry-freight transportation; cargo and cargo XL bodies for commercial applications; refrigerated truck bodies; platform truck bodies; and used trailers, as well as laminated hardwood oak flooring products.