Brent L. Yeagy Sells 3,672 Shares of Wabash National Co. (NYSE:WNC) Stock

Wabash National Co. (NYSE:WNC) CEO Brent L. Yeagy sold 3,672 shares of Wabash National stock in a transaction on Monday, September 27th. The shares were sold at an average price of $16.00, for a total value of $58,752.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Brent L. Yeagy also recently made the following trade(s):

  • On Thursday, July 1st, Brent L. Yeagy sold 1,836 shares of Wabash National stock. The shares were sold at an average price of $16.09, for a total value of $29,541.24.

Shares of WNC traded down $0.24 during mid-day trading on Tuesday, reaching $15.50. The company had a trading volume of 5,883 shares, compared to its average volume of 373,481. The stock has a 50 day moving average of $14.87 and a two-hundred day moving average of $16.26. The company has a quick ratio of 1.19, a current ratio of 2.08 and a debt-to-equity ratio of 1.05. Wabash National Co. has a 52-week low of $11.57 and a 52-week high of $20.55. The stock has a market capitalization of $775.14 million, a P/E ratio of 33.23 and a beta of 1.84.

Wabash National (NYSE:WNC) last issued its earnings results on Wednesday, July 28th. The company reported $0.21 EPS for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.10. The business had revenue of $449.42 million during the quarter, compared to analysts’ expectations of $470.00 million. Wabash National had a net margin of 1.56% and a return on equity of 6.13%. On average, sell-side analysts expect that Wabash National Co. will post 0.72 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 28th. Investors of record on Thursday, October 7th will be paid a dividend of $0.08 per share. The ex-dividend date is Wednesday, October 6th. This represents a $0.32 annualized dividend and a yield of 2.06%. Wabash National’s payout ratio is 213.33%.

Several analysts recently weighed in on WNC shares. Stephens dropped their target price on shares of Wabash National from $17.00 to $16.00 and set an “equal weight” rating for the company in a report on Thursday, July 29th. Zacks Investment Research lowered shares of Wabash National from a “hold” rating to a “sell” rating in a research note on Wednesday, July 21st. Finally, Raymond James lowered their price objective on shares of Wabash National from $21.00 to $18.00 and set a “strong-buy” rating for the company in a research report on Monday, July 19th. One analyst has rated the stock with a sell rating, three have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $18.50.

Several institutional investors have recently made changes to their positions in the company. Rockefeller Capital Management L.P. purchased a new stake in Wabash National during the second quarter worth approximately $37,000. Captrust Financial Advisors increased its position in Wabash National by 1,664.7% in the first quarter. Captrust Financial Advisors now owns 2,647 shares of the company’s stock worth $50,000 after buying an additional 2,497 shares during the period. Steward Partners Investment Advisory LLC acquired a new stake in shares of Wabash National in the second quarter valued at approximately $45,000. Royal Bank of Canada boosted its position in Wabash National by 128.9% during the 2nd quarter. Royal Bank of Canada now owns 3,523 shares of the company’s stock worth $56,000 after acquiring an additional 1,984 shares during the period. Finally, Point72 Hong Kong Ltd boosted its holdings in shares of Wabash National by 501.6% in the first quarter. Point72 Hong Kong Ltd now owns 4,235 shares of the company’s stock valued at $80,000 after acquiring an additional 3,531 shares in the last quarter.

Wabash National Company Profile

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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