Hotchkis & Wiley Capital Management LLC Purchases 226,470 Shares of Wabash National Corporation $WNC

Key Points

• Hotchkis & Wiley Capital Management LLC increased its stake in Wabash National Corporation by 31.6% in Q1, now owning 943,679 shares valued at approximately $10.43 million.
• Wabash National reported a quarterly EPS of -$0.15, surpassing analysts' expectations, despite a 16.7% decline in revenue year over year.
• The company declared a quarterly dividend of $0.08 per share, representing an annualized dividend yield of 2.8%, with a payout ratio currently at -13.22%.

Hotchkis & Wiley Capital Management LLC boosted its holdings in shares of Wabash National Corporation (NYSE:WNC - Free Report) by 31.6% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 943,679 shares of the company's stock after acquiring an additional 226,470 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned 2.25% of Wabash National worth $10,428,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Quantinno Capital Management LP boosted its holdings in Wabash National by 6.2% during the 4th quarter. Quantinno Capital Management LP now owns 15,420 shares of the company's stock valued at $264,000 after acquiring an additional 896 shares during the period. Vident Advisory LLC boosted its holdings in Wabash National by 7.0% during the 4th quarter. Vident Advisory LLC now owns 25,752 shares of the company's stock valued at $441,000 after acquiring an additional 1,678 shares during the period. Parallel Advisors LLC boosted its holdings in Wabash National by 255.9% during the 1st quarter. Parallel Advisors LLC now owns 2,395 shares of the company's stock valued at $26,000 after acquiring an additional 1,722 shares during the period. Allworth Financial LP boosted its holdings in Wabash National by 268.8% during the 1st quarter. Allworth Financial LP now owns 3,220 shares of the company's stock valued at $34,000 after acquiring an additional 2,347 shares during the period. Finally, Curat Global LLC purchased a new position in Wabash National during the 1st quarter valued at $37,000. Hedge funds and other institutional investors own 97.05% of the company's stock.

Analysts Set New Price Targets

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

Wabash National Stock Down 0.5%

NYSE WNC traded down $0.06 on Friday, reaching $11.07. 483,037 shares of the stock traded hands, compared to its average volume of 638,799. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.00 and a current ratio of 1.68. The company has a fifty day moving average price of $10.57 and a 200-day moving average price of $10.36. The company has a market cap of $453.33 million, a price-to-earnings ratio of -4.58 and a beta of 1.65. Wabash National Corporation has a 12 month low of $6.78 and a 12 month high of $20.63.

Wabash National (NYSE:WNC - Get Free Report) last issued its earnings results on Friday, July 25th. The company reported ($0.15) earnings per share for the quarter, beating analysts' consensus estimates of ($0.31) by $0.16. The business had revenue of $458.82 million during the quarter, compared to analyst estimates of $435.75 million. Wabash National had a negative return on equity of 7.91% and a negative net margin of 6.38%.Wabash National's revenue was down 16.7% on a year-over-year basis. During the same period in the previous year, the company 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. As a group, research analysts forecast that Wabash National Corporation will post 0.94 EPS for the current fiscal year.

Wabash National Announces Dividend

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