Charles Schwab Investment Management Inc. Acquires 102,928 Shares of Wabash National Corporation $WNC

Key Points

• Charles Schwab Investment Management Inc. increased its holdings in Wabash National Corporation by 11.1%, owning approximately $11.37 million worth of the company’s stock as of its latest SEC filing.
• Wabash National reported a revenue of $458.82 million for the latest quarter, exceeding estimates, but showed a significant year-over-year decline of 16.7% in revenue.
• The company announced a quarterly dividend of $0.08 per share, with a yield of 2.8%, scheduled for payment on October 23rd.

Charles Schwab Investment Management Inc. grew its holdings in Wabash National Corporation (NYSE:WNC - Free Report) by 11.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,028,880 shares of the company's stock after acquiring an additional 102,928 shares during the quarter. Charles Schwab Investment Management Inc. owned 2.46% of Wabash National worth $11,369,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of WNC. Federated Hermes Inc. bought a new stake in shares of Wabash National in the first quarter worth about $5,874,000. TrueMark Investments LLC acquired a new position in Wabash National in the 1st quarter worth $3,818,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Wabash National in the 4th quarter worth $2,828,000. Raymond James Financial Inc. acquired a new position in Wabash National in the 4th quarter worth $2,827,000. Finally, VELA Investment Management LLC acquired a new position in Wabash National in the 1st quarter worth $1,420,000. 97.05% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, DA Davidson boosted their price target 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, the company presently has a consensus rating of "Hold" and a consensus target price of $9.50.

Wabash National Price Performance

WNC stock traded down $0.06 during mid-day trading on Friday, hitting $11.07. The stock had a trading volume of 483,037 shares, compared to its average volume of 638,799. 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 52 week low of $6.78 and a 52 week high of $20.63. The firm has a market capitalization of $453.33 million, a P/E ratio of -4.58 and a beta of 1.65. The firm has a fifty day simple moving average of $10.57 and a 200 day simple moving average of $10.37.

Wabash National (NYSE:WNC - Get Free Report) last posted its earnings results on Friday, July 25th. The company reported ($0.15) earnings per share for the quarter, topping analysts' consensus estimates 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 firm had revenue of $458.82 million for the quarter, compared to analyst estimates of $435.75 million. During the same period in the previous year, the firm posted $0.64 EPS. The company's revenue for the quarter 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, research analysts forecast that Wabash National Corporation will post 0.94 EPS for the current year.

Wabash National Dividend Announcement

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 issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Thursday, October 2nd. Wabash National's dividend payout ratio (DPR) 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.