Hotchkis & Wiley Capital Management LLC Has $10.43 Million Stock Holdings in 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 increased its stake in shares of Wabash National Corporation (NYSE:WNC - Free Report) by 31.6% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 943,679 shares of the company's stock after buying an additional 226,470 shares during the period. Hotchkis & Wiley Capital Management LLC owned 2.25% of Wabash National worth $10,428,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of WNC. Parallel Advisors LLC lifted its position 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 during the last quarter. Allworth Financial LP increased its stake in shares of 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 acquired a new stake in Wabash National during the 1st quarter worth approximately $37,000. CWM LLC boosted its stake in Wabash National by 1,520.7% in the 1st quarter. CWM LLC now owns 5,235 shares of the company's stock valued at $58,000 after purchasing an additional 4,912 shares during the period. Finally, GAMMA Investing LLC boosted its stake in Wabash National by 982.1% in the 1st quarter. GAMMA Investing LLC now owns 7,683 shares of the company's stock valued at $85,000 after purchasing an additional 6,973 shares during the period. 97.05% of the stock is owned by institutional investors.

Wabash National Stock Up 11.3%

NYSE WNC opened at $11.2610 on Monday. 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 company has a market cap of $461.03 million, a price-to-earnings ratio of -4.65 and a beta of 1.65. The company has a 50 day moving average of $10.48 and a 200-day moving average of $10.41. Wabash National Corporation has a 1-year low of $6.78 and a 1-year high of $20.63.

Wabash National (NYSE:WNC - Get Free Report) last issued its quarterly earnings results on Friday, July 25th. The company reported ($0.15) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.31) by $0.16. The business had revenue of $458.82 million for the quarter, compared to the consensus estimate of $435.75 million. Wabash National had a negative return on equity of 7.91% and a negative net margin of 6.38%.The firm's quarterly revenue was down 16.7% compared to the same quarter last year. During the same quarter 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. On average, equities research analysts expect that Wabash National Corporation will post 0.94 earnings per share for the current fiscal year.

Wabash National Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 23rd. Investors of record on Thursday, October 2nd will be given a $0.08 dividend. The ex-dividend date is Thursday, October 2nd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.8%. Wabash National's dividend payout ratio (DPR) is presently -13.22%.

Wall Street Analysts Forecast Growth

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

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.

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