Wabash National (NYSE:WNC) Now Covered by Citizens Jmp

Citizens Jmp assumed coverage on shares of Wabash National (NYSE:WNC) in a research report report published on Wednesday, Marketbeat reports. The brokerage issued an outperform rating and a $25.00 price target on the stock.

Other equities research analysts have also recently issued research reports about the stock. Wall Street Zen cut shares of Wabash National from a “sell” rating to a “strong sell” rating in a research note on Sunday. Weiss Ratings lowered shares of Wabash National from a “sell (d+)” rating to a “sell (d-)” rating in a research report on Friday, May 15th. Finally, DA Davidson raised shares of Wabash National from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $8.50 to $20.00 in a research note on Wednesday, June 17th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Wabash National currently has a consensus rating of “Hold” and a consensus target price of $18.00.

Wabash National Stock Performance

Shares of WNC opened at $12.70 on Wednesday. The company has a quick ratio of 0.77, a current ratio of 1.33 and a debt-to-equity ratio of 1.55. The business has a 50-day simple moving average of $9.88 and a two-hundred day simple moving average of $9.70. The stock has a market cap of $516.31 million, a price-to-earnings ratio of -7.93 and a beta of 1.43. Wabash National has a 52 week low of $6.63 and a 52 week high of $14.32.

Wabash National (NYSE:WNC) last posted its quarterly earnings data on Friday, May 1st. The company reported ($1.17) EPS for the quarter, missing the consensus estimate of ($1.01) by ($0.16). Wabash National had a negative return on equity of 30.16% and a negative net margin of 4.41%.The company had revenue of $303.23 million during the quarter, compared to the consensus estimate of $319.03 million. During the same period last year, the business earned ($0.58) EPS. The firm’s quarterly revenue was down 20.4% compared to the same quarter last year. On average, analysts expect that Wabash National will post -1.75 EPS for the current year.

Wabash National Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 23rd. Shareholders of record on Thursday, July 2nd will be paid a $0.08 dividend. The ex-dividend date is Thursday, July 2nd. This represents a $0.32 annualized dividend and a yield of 2.5%. Wabash National’s payout ratio is presently -20.00%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in WNC. Bank of America Corp DE increased its stake in Wabash National by 39.6% in the 1st quarter. Bank of America Corp DE now owns 220,248 shares of the company’s stock worth $1,899,000 after acquiring an additional 62,519 shares during the last quarter. Royal Bank of Canada increased its position in Wabash National by 1,036.0% in the first quarter. Royal Bank of Canada now owns 50,621 shares of the company’s stock worth $436,000 after purchasing an additional 46,165 shares during the last quarter. Empowered Funds LLC increased its position in Wabash National by 40.1% in the first quarter. Empowered Funds LLC now owns 589,884 shares of the company’s stock worth $5,085,000 after purchasing an additional 168,929 shares during the last quarter. Quantinno Capital Management LP raised its stake in Wabash National by 17.1% during the first quarter. Quantinno Capital Management LP now owns 174,796 shares of the company’s stock valued at $1,507,000 after purchasing an additional 25,483 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in Wabash National by 13.2% during the first quarter. Renaissance Technologies LLC now owns 224,365 shares of the company’s stock valued at $1,934,000 after purchasing an additional 26,100 shares in the last quarter. Hedge funds and other institutional investors own 97.05% of the company’s stock.

About Wabash National

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.