Wabash National Co. (NYSE:WNC) has been assigned an average recommendation of “Hold” from the six analysts that are currently covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and one has issued a strong buy rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is $14.00.

Several research firms have issued reports on WNC. Raymond James reissued a “strong-buy” rating and set a $10.00 price target (down previously from $11.00) on shares of Wabash National in a report on Friday. Zacks Investment Research raised shares of Wabash National from a “sell” rating to a “hold” rating in a report on Friday, April 10th. ValuEngine raised shares of Wabash National from a “sell” rating to a “hold” rating in a report on Friday, April 17th. Finally, TheStreet cut Wabash National from a “c” rating to a “d+” rating in a report on Thursday.

Shares of NYSE WNC opened at $7.67 on Friday. The firm has a 50 day moving average of $7.57 and a 200 day moving average of $11.84. The company has a current ratio of 2.09, a quick ratio of 1.37 and a debt-to-equity ratio of 0.87. The firm has a market capitalization of $430.73 million, a price-to-earnings ratio of 4.71 and a beta of 1.98. Wabash National has a 12-month low of $6.26 and a 12-month high of $16.70.

Wabash National (NYSE:WNC) last released its quarterly earnings results on Thursday, May 14th. The company reported ($0.04) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.01). Wabash National had a return on equity of 17.80% and a net margin of 3.86%. The business had revenue of $387.07 million during the quarter, compared to the consensus estimate of $378.00 million. Sell-side analysts predict that Wabash National will post -0.35 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 23rd. Shareholders of record on Thursday, April 2nd were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 4.17%. The ex-dividend date was Wednesday, April 1st. Wabash National’s dividend payout ratio (DPR) is presently 19.75%.

In other Wabash National news, Director John G. Boss bought 5,000 shares of Wabash National stock in a transaction dated Monday, March 9th. The shares were purchased at an average cost of $9.99 per share, for a total transaction of $49,950.00. Following the acquisition, the director now directly owns 19,625 shares in the company, valued at approximately $196,053.75. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director John G. Boss purchased 10,000 shares of the stock in a transaction that occurred on Thursday, March 12th. The stock was acquired at an average cost of $8.68 per share, with a total value of $86,800.00. Following the acquisition, the director now owns 19,625 shares in the company, valued at approximately $170,345. The disclosure for this purchase can be found here. Insiders purchased 40,000 shares of company stock worth $408,100 over the last quarter. 1.00% of the stock is owned by company insiders.

Hedge funds have recently modified their holdings of the business. Advisor Group Inc. lifted its stake in shares of Wabash National by 67.6% in the 4th quarter. Advisor Group Inc. now owns 3,395 shares of the company’s stock valued at $49,000 after purchasing an additional 1,369 shares during the last quarter. Prime Capital Investment Advisors LLC purchased a new stake in Wabash National during the 1st quarter valued at $29,000. NumerixS Investment Technologies Inc lifted its position in Wabash National by 102.6% in the fourth quarter. NumerixS Investment Technologies Inc now owns 7,700 shares of the company’s stock worth $113,000 after buying an additional 3,900 shares during the last quarter. Acadian Asset Management LLC purchased a new position in Wabash National during the first quarter worth $56,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Wabash National in the fourth quarter valued at $162,000.

Wabash National Company Profile

Wabash National Corporation designs, manufactures, and distributes transportation and diversified industrial products; and provides services primarily in the United States. The company operates through three segments: Commercial Trailer Products, Diversified Products, and Final Mile Products. The Commercial Trailer Products segment provides dry van trailers; platform trailers; refrigerated trailers; converter dollies, big tire haulers, steel coil haulers, and RoadRailer trailers; aftermarket parts and services; and used trailers.

Featured Article: How to identify percentage decliners

Receive News & Ratings for Wabash National Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wabash National and related companies with MarketBeat.com's FREE daily email newsletter.