Wabash National (NYSE:WNC) Share Price Breaks Above Two Hundred Day Moving Average - Should You Sell?

Wabash National Corporation (NYSE:WNC - Get Free Report) shares crossed above its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $10.92 and traded as high as $11.85. Wabash National shares last traded at $11.53, with a volume of 709,638 shares changing hands.

Analyst Ratings Changes

Several research analysts recently weighed in on WNC shares. Citigroup reissued a "market outperform" rating on shares of Wabash National in a research note on Tuesday, October 20th. Wall Street Zen raised shares of Wabash National from a "strong sell" rating to a "sell" rating in a research note on Saturday, August 1st. Citizens Jmp initiated coverage on shares of Wabash National in a research note on Wednesday, July 15th. They set an "outperform" rating and a $25.00 price target on the stock. National Bank Financial set a $25.00 price target on shares of Wabash National in a report on Tuesday, October 20th. Finally, DA Davidson raised shares of Wabash National from a "hold" rating to a "strong-buy" rating in a research report on Monday, November 2nd. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Wabash National currently has an average rating of "Moderate Buy" and an average price target of $23.33.

Wabash National Stock Performance

The company's fifty day moving average price is $12.75 and its two-hundred day moving average price is $10.92. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.84 and a current ratio of 1.38. The firm has a market capitalization of $469.73 million, a PE ratio of -3.38 and a beta of 1.51.

Wabash National (NYSE:WNC - Get Free Report) last issued its quarterly earnings results on Thursday, October 29th. The company reported ($0.63) EPS for the quarter, missing the consensus estimate of ($0.46) by ($0.17). The company had revenue of $476.41 million for the quarter, compared to analyst estimates of $453.74 million. Wabash National had a negative return on equity of 42.42% and a negative net margin of 9.13%. The business's revenue for the quarter was up 24.8% on a year-over-year basis. During the same period last year, the company posted ($0.51) EPS. As a group, equities analysts expect that Wabash National Corporation will post -2.96 earnings per share for the current year.

Wabash National Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 29th. Investors of record on Thursday, October 8th were issued a $0.08 dividend. The ex-dividend date was Thursday, October 8th. This represents a $0.32 dividend on an annualized basis and a yield of 2.8%. Wabash National's dividend payout ratio (DPR) is presently -9.38%.

Institutional Investors Weigh In On Wabash National

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Royce & Associates LP raised its holdings in Wabash National by 41.0% in the third quarter. Royce & Associates LP now owns 597,568 shares of the company's stock valued at $7,368,000 after buying an additional 173,884 shares during the period. Russell Investments Group Ltd. raised its stake in shares of Wabash National by 133.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 208,425 shares of the company's stock valued at $2,570,000 after acquiring an additional 119,183 shares during the period. Parallel Advisors LLC raised its stake in shares of Wabash National by 520.2% in the 3rd quarter. Parallel Advisors LLC now owns 3,169 shares of the company's stock valued at $39,000 after acquiring an additional 2,658 shares during the period. Calamos Advisors LLC purchased a new position in shares of Wabash National in the 3rd quarter valued at $214,000. Finally, Pullen Investment Management LLC boosted its position in Wabash National by 10.3% during the 3rd quarter. Pullen Investment Management LLC now owns 239,480 shares of the company's stock worth $2,953,000 after purchasing an additional 22,318 shares during the period. 97.05% of the stock is currently owned by institutional investors and hedge funds.

About Wabash National

Wabash National Corporation is a transportation equipment and logistics solutions manufacturer headquartered in Lafayette, Indiana. The company designs and produces equipment used to move freight across North America, serving trucking, transportation, distribution, and logistics customers.

Its product portfolio includes dry and refrigerated van trailers, platform trailers, truck-mounted tanks, and other specialized transportation equipment. Wabash also provides related parts, services, and technologies intended to support trailer maintenance, fleet operations, and supply-chain efficiency.

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