Strs Ohio Invests $520,000 in Wabash National Corporation $WNC

Key Points

• Strs Ohio acquired 47,100 shares of Wabash National Corporation, valued at approximately $520,000, as reported in its recent SEC 13F filing.
• The company recently declared a $0.08 quarterly dividend, representing an annualized yield of 2.9%, with the payout ratio currently at -13.22%.
• Analysts have a consensus "Hold" rating for Wabash National, with an average price target set at $9.50.

Strs Ohio acquired a new position in shares of Wabash National Corporation (NYSE:WNC - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 47,100 shares of the company's stock, valued at approximately $520,000. Strs Ohio owned 0.11% of Wabash National as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in WNC. Ameriprise Financial Inc. raised its position in Wabash National by 9.5% during the fourth quarter. Ameriprise Financial Inc. now owns 307,747 shares of the company's stock worth $5,272,000 after acquiring an additional 26,665 shares during the period. Deutsche Bank AG lifted its holdings in Wabash National by 49.1% in the 4th quarter. Deutsche Bank AG now owns 39,763 shares of the company's stock valued at $681,000 after purchasing an additional 13,103 shares in the last quarter. Quantinno Capital Management LP lifted its holdings in Wabash National by 6.2% in the 4th quarter. Quantinno Capital Management LP now owns 15,420 shares of the company's stock valued at $264,000 after purchasing an additional 896 shares in the last quarter. ProShare Advisors LLC purchased a new position in Wabash National in the 4th quarter valued at $222,000. Finally, Vident Advisory LLC lifted its holdings in Wabash National by 7.0% in the 4th quarter. Vident Advisory LLC now owns 25,752 shares of the company's stock valued at $441,000 after purchasing an additional 1,678 shares in the last quarter. 97.05% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, DA Davidson restated a "neutral" rating and issued a $9.50 price objective on shares of Wabash National in a report on Monday, September 15th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Wabash National presently has an average rating of "Hold" and an average price target of $9.50.

Wabash National Trading Down 0.3%

Shares of NYSE:WNC traded down $0.03 during midday trading on Monday, reaching $10.85. 338,153 shares of the company's stock were exchanged, compared to its average volume of 427,792. The firm's 50 day simple moving average is $10.66 and its two-hundred day simple moving average is $10.28. 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 stock has a market cap of $444.20 million, a price-to-earnings ratio of -4.48 and a beta of 1.67. Wabash National Corporation has a fifty-two week low of $6.78 and a fifty-two week high of $20.63.

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

Wabash National Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 23rd. Shareholders of record on Thursday, October 2nd will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Thursday, October 2nd. Wabash National's payout ratio is currently -13.22%.

About Wabash National

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.