Hsbc Holdings PLC Purchases 87,438 Shares of Wabash National Corporation $WNC

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

A number of other large investors also recently made changes to their positions in WNC. Parallel Advisors LLC raised its position in Wabash National by 255.9% in 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 period. Allworth Financial LP raised its position in Wabash National by 268.8% in the first quarter. Allworth Financial LP now owns 3,220 shares of the company's stock worth $34,000 after acquiring an additional 2,347 shares during the period. Curat Global LLC bought a new stake in Wabash National in the first quarter worth about $37,000. CWM LLC raised its position in Wabash National by 1,520.7% in 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 raised its position in Wabash National by 982.1% in the first quarter. GAMMA Investing LLC now owns 7,683 shares of the company's stock worth $85,000 after acquiring an additional 6,973 shares during the period. 97.05% of the stock is owned by institutional investors.

Wabash National Stock Performance

Shares of NYSE WNC traded down $0.09 during midday trading on Wednesday, hitting $11.00. The company's stock had a trading volume of 163,449 shares, compared to its average volume of 966,676. The stock has a fifty day moving average price of $10.59 and a 200 day moving average price of $10.34. Wabash National Corporation has a one year low of $6.78 and a one year 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 firm has a market capitalization of $450.14 million, a price-to-earnings ratio of -4.54 and a beta of 1.67.

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, beating the consensus estimate of ($0.31) by $0.16. Wabash National had a negative net margin of 6.38% and a negative return on equity of 7.91%. The company had revenue of $458.82 million for the quarter, compared to analyst estimates of $435.75 million. During the same quarter in the previous year, the firm posted $0.64 earnings per share. The company's quarterly revenue was down 16.7% compared to the same quarter last year. 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 EPS for the current fiscal year.

Wabash National Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 23rd. Investors of record on Thursday, October 2nd will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Thursday, October 2nd. Wabash National's dividend payout ratio is -13.22%.

Analysts Set New Price Targets

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 report on Monday, June 23rd. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Wabash National presently has an average rating of "Hold" and a consensus price target of $9.50.

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.