Cubist Systematic Strategies LLC Invests $4.05 Million in Wabash National Corporation $WNC

Key Points

• Cubist Systematic Strategies LLC acquired 366,822 shares of Wabash National Corporation, valued at approximately $4,053,000, representing about 0.88% of the company.
• Wabash National's latest quarterly earnings report indicated an EPS of ($0.15), exceeding analyst expectations, despite a 16.7% year-over-year decline in revenue.
• The company declared a quarterly dividend of $0.08 per share, with a dividend yield of 2.8%, set to be paid on October 23rd, with a record date of October 2nd.

Cubist Systematic Strategies LLC bought a new position in Wabash National Corporation (NYSE:WNC - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 366,822 shares of the company's stock, valued at approximately $4,053,000. Cubist Systematic Strategies LLC owned 0.88% of Wabash National at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Federated Hermes Inc. acquired a new stake in shares of Wabash National in the first quarter valued at about $5,874,000. TrueMark Investments LLC bought a new position in Wabash National in the 1st quarter worth approximately $3,818,000. Hotchkis & Wiley Capital Management LLC lifted its holdings in shares of Wabash National by 31.6% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 943,679 shares of the company's stock worth $10,428,000 after buying an additional 226,470 shares during the last quarter. Nuveen LLC bought a new stake in shares of Wabash National in the first quarter valued at approximately $2,048,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Wabash National in the fourth quarter worth $2,828,000. Institutional investors and hedge funds own 97.05% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, DA Davidson upped their target price on shares of Wabash National from $7.50 to $9.50 and gave the company a "neutral" rating in a research note on Monday, June 23rd. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Wabash National presently has a consensus rating of "Hold" and an average target price of $9.50.

Wabash National Stock Performance

Shares of WNC traded down $0.03 on Wednesday, reaching $11.27. 272,296 shares of the stock traded hands, compared to its average volume of 531,120. The stock's 50-day moving average price is $10.65 and its 200-day moving average price is $10.31. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.68 and a quick ratio of 1.00. The firm has a market cap of $461.23 million, a price-to-earnings ratio of -4.66 and a beta of 1.67. Wabash National Corporation has a 12 month low of $6.78 and a 12 month high of $20.63.

Wabash National (NYSE:WNC - Get Free Report) last issued its earnings results on Friday, July 25th. The company reported ($0.15) EPS for the quarter, topping the consensus estimate of ($0.31) by $0.16. The firm had revenue of $458.82 million during the quarter, compared to analysts' expectations of $435.75 million. Wabash National had a negative return on equity of 7.91% and a negative net margin of 6.38%.Wabash National's quarterly revenue was down 16.7% compared to the same quarter last year. During the same period last year, the business earned $0.64 earnings per share. Wabash National has set its FY 2025 guidance at -1.300--1.000 EPS. Q3 2025 guidance at -0.300--0.200 EPS. Equities analysts forecast that Wabash National Corporation will post 0.94 EPS for the current fiscal year.

Wabash National Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 23rd. Investors of record on Thursday, October 2nd will be paid a $0.08 dividend. The ex-dividend date of this dividend is Thursday, October 2nd. This represents a $0.32 dividend on an annualized basis and a yield of 2.8%. Wabash National's payout ratio is presently -13.22%.

Wabash National Profile

Wabash National Corporation provides connected solutions for the transportation, logistics, and distribution industries primarily in the United States. The company operates through two segments, Transportation Solutions and Parts & Services. The Transportation Solutions segment designs and manufactures transportation-related equipment and products dry and refrigerated van trailers, platform trailers, tank trailers, and truck-mounted tanks; truck bodies for dry-freight transportation; cargo and cargo XL bodies for commercial applications; refrigerated truck bodies; platform truck bodies; and used trailers, as well as laminated hardwood oak flooring products.