Wabash National (NYSE:WNC) Given Neutral Rating at DA Davidson

DA Davidson reiterated their neutral rating on shares of Wabash National (NYSE:WNC) in a research report sent to investors on Friday morning,Benzinga reports. DA Davidson currently has a $9.00 target price on the stock.

Several other research firms have also commented on WNC. Zacks Research lowered Wabash National from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 30th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Wabash National in a research note on Monday. National Bankshares set a $9.00 price objective on Wabash National in a research note on Thursday, October 23rd. Finally, Wall Street Zen upgraded Wabash National from a “sell” rating to a “hold” rating in a report on Sunday, November 9th. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Reduce” and an average price target of $9.00.

Wabash National Stock Performance

NYSE:WNC opened at $8.96 on Friday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.86 and a current ratio of 1.35. The stock has a market capitalization of $362.86 million, a PE ratio of 1.47 and a beta of 1.66. Wabash National has a fifty-two week low of $6.78 and a fifty-two week high of $17.69. The company has a fifty day moving average of $8.61 and a two-hundred day moving average of $9.83.

Wabash National (NYSE:WNC) last announced its earnings results on Wednesday, December 1st. The company reported $0.22 earnings per share (EPS) for the quarter. Wabash National had a net margin of 15.89% and a negative return on equity of 15.21%. The business had revenue of $482.57 million for the quarter. Wabash National has set its Q4 2021 guidance at $0.100-$0.150 EPS. As a group, research analysts forecast that Wabash National will post 0.94 earnings per share for the current fiscal year.

Wabash National Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 29th. Shareholders of record on Thursday, January 8th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Thursday, January 8th. This represents a $0.32 dividend on an annualized basis and a yield of 3.6%. Wabash National’s payout ratio is 5.26%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. boosted its position in shares of Wabash National by 11.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,028,880 shares of the company’s stock valued at $11,369,000 after acquiring an additional 102,928 shares during the last quarter. Nuveen LLC acquired a new position in Wabash National in the 1st quarter valued at about $2,048,000. Russell Investments Group Ltd. grew its stake in shares of Wabash National by 384.3% in the 1st quarter. Russell Investments Group Ltd. now owns 169,853 shares of the company’s stock valued at $1,877,000 after buying an additional 134,780 shares during the period. Algert Global LLC increased its holdings in shares of Wabash National by 578.9% during the 1st quarter. Algert Global LLC now owns 134,150 shares of the company’s stock worth $1,482,000 after buying an additional 114,390 shares during the last quarter. Finally, Hsbc Holdings PLC raised its position in shares of Wabash National by 314.4% during the 1st quarter. Hsbc Holdings PLC now owns 115,248 shares of the company’s stock valued at $1,268,000 after buying an additional 87,438 shares during the period. Hedge funds and other institutional investors own 97.05% of the company’s stock.

Wabash National Company Profile

Wabash National Corporation (NYSE: WNC) is a leading designer and manufacturer of transportation equipment and supply chain solutions. The company’s product portfolio includes dry freight van trailers, refrigerated vans, tank trailers, platform trailers, flatbeds and composite bodies. Wabash National also offers railcar products and modular building solutions, serving customers in a wide range of end markets such as food and beverage, chemicals, agriculture, waste management and construction.

Founded in 1985 and headquartered in Lafayette, Indiana, Wabash National has built a reputation for innovation in lightweight materials, advanced manufacturing processes and telematics integration.