Boston Partners Buys New Stake in Wabash National Corporation $WNC

Key Points

Error: Response status code does not indicate success: 429 (Too Many Requests).

Boston Partners acquired a new position in Wabash National Corporation (NYSE:WNC - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 26,237 shares of the company's stock, valued at approximately $290,000. Boston Partners owned about 0.06% of Wabash National as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of WNC. First Trust Advisors LP grew its position in Wabash National by 22.5% during the 4th quarter. First Trust Advisors LP now owns 1,468,605 shares of the company's stock worth $25,157,000 after purchasing an additional 269,846 shares during the last quarter. D. E. Shaw & Co. Inc. grew its position in Wabash National by 10.3% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,059,674 shares of the company's stock worth $18,152,000 after purchasing an additional 99,360 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Wabash National by 11.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,028,880 shares of the company's stock worth $11,369,000 after purchasing an additional 102,928 shares during the last quarter. Royce & Associates LP grew its position in Wabash National by 2.3% during the 1st quarter. Royce & Associates LP now owns 985,877 shares of the company's stock worth $10,894,000 after purchasing an additional 22,510 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Wabash National by 5.7% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 930,386 shares of the company's stock worth $15,938,000 after purchasing an additional 49,771 shares during the last quarter. Hedge funds and other institutional investors own 97.05% of the company's stock.

Wabash National Stock Performance

NYSE WNC traded up $1.1410 on Friday, hitting $11.2610. 758,771 shares of the company's stock traded hands, compared to its average volume of 682,593. The company has a current ratio of 1.68, a quick ratio of 1.00 and a debt-to-equity ratio of 1.13. Wabash National Corporation has a 1-year low of $6.78 and a 1-year high of $20.63. The firm's 50-day moving average price is $10.48 and its two-hundred day moving average price is $10.41. The firm has a market capitalization of $461.03 million, a PE ratio of -4.65 and a beta of 1.65.

Wabash National (NYSE:WNC - Get Free Report) last announced its quarterly earnings data on Friday, July 25th. The company reported ($0.15) EPS for the quarter, beating the consensus estimate of ($0.31) by $0.16. Wabash National had a negative net margin of 6.38% and a negative return on equity of 7.91%. The business had revenue of $458.82 million during the quarter, compared to analysts' expectations of $435.75 million. During the same period in the previous year, the business posted $0.64 EPS. The business's quarterly revenue was down 16.7% compared to the same quarter last year. 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, analysts expect that Wabash National Corporation will post 0.94 EPS for the current year.

Wabash National Announces Dividend

The company 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. This represents a $0.32 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Thursday, October 2nd. Wabash National's payout ratio is currently -13.22%.

Wall Street Analyst Weigh In

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

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.