Wabash National Corporation (WNC) Shares Gap Down to $0.00
Shares of Wabash National Corporation (NYSE:WNC) gapped down before the market opened on Thursday . The stock had previously closed at ($20.74), but opened at $0.00. Wabash National Corporation shares last traded at $0.00, with a volume of 2645620 shares traded.
WNC has been the subject of a number of recent research reports. Stifel Nicolaus reaffirmed a “hold” rating and issued a $22.00 target price on shares of Wabash National Corporation in a report on Tuesday, September 12th. ValuEngine raised Wabash National Corporation from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Zacks Investment Research cut Wabash National Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Aegis upped their target price on Wabash National Corporation from $27.00 to $29.00 and gave the stock a “buy” rating in a report on Thursday, August 10th. Finally, Craig Hallum reaffirmed a “buy” rating and issued a $27.00 target price on shares of Wabash National Corporation in a report on Friday, October 6th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $22.86.
Wabash National Corporation (NYSE:WNC) last issued its quarterly earnings results on Tuesday, October 31st. The company reported $0.34 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.05). Wabash National Corporation had a return on equity of 18.53% and a net margin of 5.05%. The firm had revenue of $425.10 million for the quarter, compared to the consensus estimate of $449.05 million. During the same period last year, the firm earned $0.50 EPS. The company’s revenue for the quarter was down 8.4% on a year-over-year basis.
The company also recently declared a quarterly dividend, which was paid on Thursday, October 26th. Shareholders of record on Thursday, October 5th were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.07%. The ex-dividend date was Wednesday, October 4th. Wabash National Corporation’s dividend payout ratio (DPR) is currently 17.91%.
A number of hedge funds have recently modified their holdings of WNC. UBS Asset Management Americas Inc. lifted its stake in Wabash National Corporation by 1.5% during the first quarter. UBS Asset Management Americas Inc. now owns 13,397 shares of the company’s stock worth $277,000 after purchasing an additional 200 shares during the last quarter. Alliancebernstein L.P. lifted its stake in Wabash National Corporation by 1.4% during the first quarter. Alliancebernstein L.P. now owns 95,300 shares of the company’s stock worth $1,972,000 after purchasing an additional 1,300 shares during the last quarter. Thrivent Financial For Lutherans lifted its stake in Wabash National Corporation by 2.9% during the first quarter. Thrivent Financial For Lutherans now owns 34,000 shares of the company’s stock worth $703,000 after purchasing an additional 960 shares during the last quarter. Morgan Stanley lifted its stake in Wabash National Corporation by 70.7% during the first quarter. Morgan Stanley now owns 822,425 shares of the company’s stock worth $17,015,000 after purchasing an additional 340,607 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new stake in Wabash National Corporation during the first quarter worth about $4,966,000.
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About Wabash National Corporation
Wabash National Corporation is a diversified industrial manufacturer and producer of semi-trailers and liquid transportation systems. The Company’s segments include Commercial Trailer Products; Diversified Products, and Corporate and Eliminations segment. The Company designs, manufactures and markets a range of products, including dry freight and refrigerated trailers, platform trailers, bulk tank trailers, dry and refrigerated truck bodies, truck-mounted tanks, intermodal equipment, aircraft refueling equipment, structural composite panels and products, trailer aerodynamic solutions, and specialty food grade and pharmaceutical equipment.
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