Charles Schwab Investment Management Inc. increased its stake in shares of Wabash National Corporation (NYSE:WNC - Free Report) by 11.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 1,028,880 shares of the company's stock after buying an additional 102,928 shares during the period. Charles Schwab Investment Management Inc. owned 2.46% of Wabash National worth $11,369,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also modified their holdings of WNC. Parallel Advisors LLC boosted its holdings in shares of Wabash National by 255.9% during the 1st quarter. Parallel Advisors LLC now owns 2,395 shares of the company's stock worth $26,000 after buying an additional 1,722 shares during the period. Allworth Financial LP boosted its holdings in shares of Wabash National by 268.8% during the 1st quarter. Allworth Financial LP now owns 3,220 shares of the company's stock worth $34,000 after buying an additional 2,347 shares during the period. Curat Global LLC bought a new stake in shares of Wabash National during the 1st quarter worth about $37,000. CWM LLC boosted its holdings in shares of Wabash National by 1,520.7% during the 1st quarter. CWM LLC now owns 5,235 shares of the company's stock worth $58,000 after buying an additional 4,912 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in shares of Wabash National by 982.1% during the 1st quarter. GAMMA Investing LLC now owns 7,683 shares of the company's stock worth $85,000 after buying an additional 6,973 shares during the period. Institutional investors own 97.05% of the company's stock.
Analyst Ratings Changes
Separately, DA Davidson lifted their price objective on shares of Wabash National from $7.50 to $9.50 and gave the stock 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, the company currently has a consensus rating of "Hold" and a consensus target price of $9.50.
Check Out Our Latest Research Report on WNC
Wabash National Price Performance
Shares of NYSE:WNC opened at $11.2610 on Monday. The firm has a 50 day moving average of $10.48 and a 200-day moving average of $10.41. Wabash National Corporation has a 12 month low of $6.78 and a 12 month high of $20.63. The company has a current ratio of 1.68, a quick ratio of 1.00 and a debt-to-equity ratio of 1.13. The stock 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 posted its quarterly earnings results on Friday, July 25th. The company reported ($0.15) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.31) by $0.16. The business had revenue of $458.82 million for the quarter, compared to analyst estimates of $435.75 million. Wabash National had a negative net margin of 6.38% and a negative return on equity of 7.91%. The firm's revenue for the quarter was down 16.7% on a year-over-year basis. During the same quarter last year, the business posted $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. On average, equities research analysts predict that Wabash National Corporation will post 0.94 EPS for the current fiscal year.
Wabash National Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 23rd. Investors of record on Thursday, October 2nd will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Thursday, October 2nd. Wabash National's dividend payout ratio is currently -13.22%.
Wabash National Company Profile
(
Free Report)
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.
Read More
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Wabash National, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Wabash National wasn't on the list.
While Wabash National currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Fall 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
MarketBeat All Access