Wabash National Corporation $WNC Holdings Decreased by Goldman Sachs Group Inc.

Key Points

• Goldman Sachs Group Inc. reduced its holdings in Wabash National Corporation by 38.8%, now owning approximately 0.67% of the company’s shares worth $3.12 million after selling 179,160 shares in the first quarter.
• Other institutional investors, such as MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. and Charles Schwab Investment Management, significantly increased their stakes, highlighting a contrasting investment trend among funds.
• Wabash National declared a quarterly dividend of $0.08, with a dividend yield of 2.9%, while the company faces challenges with a negative return on equity and a decrease in revenue year-over-year.

Goldman Sachs Group Inc. trimmed its position in Wabash National Corporation (NYSE:WNC - Free Report) by 38.8% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 282,467 shares of the company's stock after selling 179,160 shares during the period. Goldman Sachs Group Inc. owned about 0.67% of Wabash National worth $3,121,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Parallel Advisors LLC lifted its holdings in Wabash National by 255.9% during the first quarter. Parallel Advisors LLC now owns 2,395 shares of the company's stock worth $26,000 after acquiring an additional 1,722 shares in the last quarter. Allworth Financial LP grew its holdings in Wabash National by 268.8% during the first quarter. Allworth Financial LP now owns 3,220 shares of the company's stock worth $34,000 after purchasing an additional 2,347 shares during the period. Curat Global LLC bought a new position in Wabash National during the first quarter worth about $37,000. CWM LLC boosted its holdings in shares of Wabash National by 1,520.7% during the first quarter. CWM LLC now owns 5,235 shares of the company's stock worth $58,000 after acquiring an additional 4,912 shares during the period. Finally, GAMMA Investing LLC boosted its position in Wabash National by 982.1% during the first quarter. GAMMA Investing LLC now owns 7,683 shares of the company's stock valued at $85,000 after acquiring an additional 6,973 shares during the last quarter. 97.05% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Wabash National Stock Down 0.8%

Shares of NYSE:WNC traded down $0.09 during trading hours on Monday, hitting $10.79. The company's stock had a trading volume of 112,645 shares, compared to its average volume of 921,345. The company has a market capitalization of $441.74 million, a price-to-earnings ratio of -4.46 and a beta of 1.67. Wabash National Corporation has a 52 week low of $6.78 and a 52 week high of $20.63. 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's fifty day moving average price is $10.65 and its 200 day moving average price is $10.29.

Wabash National (NYSE:WNC - Get Free Report) last posted its quarterly earnings data 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. The company had revenue of $458.82 million during the quarter, compared to analysts' expectations 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 period in the prior year, the business posted $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. As a group, research analysts expect that Wabash National Corporation will post 0.94 EPS for the current year.

Wabash National Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Thursday, October 2nd. Wabash National's dividend payout ratio is presently -13.22%.

Wabash National Company 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.