Wabash National Corporation $WNC Holdings Lifted by Hsbc Holdings PLC

Key Points

• Hsbc Holdings PLC increased its stake in Wabash National Corporation by 314.4% in Q1, holding 115,248 shares valued at approximately $1.27 million.
• Wabash National reported an earnings per share (EPS) of ($0.15) for the last quarter, exceeding analysts' expectations, but its revenue fell 16.7% from the previous year.
• The company announced a quarterly dividend of $0.08 per share, with a dividend yield of 2.9%, to be paid on October 23rd.

Hsbc Holdings PLC lifted its stake in shares of Wabash National Corporation (NYSE:WNC - Free Report) by 314.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 115,248 shares of the company's stock after acquiring an additional 87,438 shares during the period. Hsbc Holdings PLC owned 0.28% of Wabash National worth $1,268,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the company. D.A. Davidson & CO. purchased a new stake in shares of Wabash National during the first quarter worth about $333,000. GAMMA Investing LLC lifted its stake 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 purchasing an additional 6,973 shares during the period. Allianz Asset Management GmbH boosted its holdings in shares of Wabash National by 69.9% during the first quarter. Allianz Asset Management GmbH now owns 192,398 shares of the company's stock worth $2,126,000 after purchasing an additional 79,186 shares during the last quarter. VELA Investment Management LLC purchased a new stake in shares of Wabash National in the first quarter valued at $1,420,000. Finally, Y Intercept Hong Kong Ltd purchased a new stake in Wabash National in the 1st quarter valued at about $671,000. Institutional investors and hedge funds own 97.05% of the company's stock.

Wall Street Analyst Weigh In

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

Wabash National Stock Performance

Shares of NYSE WNC traded up $0.32 during trading on Thursday, reaching $11.34. The stock had a trading volume of 420,991 shares, compared to its average volume of 590,311. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.00 and a current ratio of 1.68. Wabash National Corporation has a one year low of $6.78 and a one year high of $20.63. The firm's 50 day moving average price is $10.61 and its two-hundred day moving average price is $10.34. The stock has a market cap of $464.05 million, a PE ratio of -4.68 and a beta of 1.67.

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, topping analysts' consensus estimates of ($0.31) by $0.16. The company had revenue of $458.82 million for 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 was down 16.7% compared to the same quarter last year. During the same period in the prior year, the company earned $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, research analysts forecast that Wabash National Corporation will post 0.94 earnings per share for the current fiscal year.

Wabash National Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 23rd. Shareholders 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 2.8%. The ex-dividend date is Thursday, October 2nd. Wabash National's dividend payout ratio (DPR) 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.