Invesco Ltd. Cuts Stock Position in Wabash National Corporation $WNC

Key Points

• Invesco Ltd. reduced its stake in Wabash National Corporation by 39.9%, selling 122,453 shares and retaining 184,722 shares valued at approximately $2.04 million.
• Wabash National's stock has a consensus rating of "Hold" with a revised target price of $9.50 from DA Davidson, indicating cautious optimism for future performance.
• The company announced a quarterly dividend of $0.08 per share, translating to an annual yield of 2.9%, despite facing a negative net margin of 6.38% in its latest earnings report.

Invesco Ltd. lessened its position in shares of Wabash National Corporation (NYSE:WNC - Free Report) by 39.9% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 184,722 shares of the company's stock after selling 122,453 shares during the quarter. Invesco Ltd. owned 0.44% of Wabash National worth $2,041,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Wells Fargo & Company MN boosted its position in Wabash National by 22.5% in the fourth quarter. Wells Fargo & Company MN now owns 27,839 shares of the company's stock valued at $477,000 after buying an additional 5,112 shares during the last quarter. Tower Research Capital LLC TRC raised its position in Wabash National by 82.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 17,357 shares of the company's stock worth $297,000 after buying an additional 7,843 shares during the last quarter. Tudor Investment Corp ET AL acquired a new stake in Wabash National during the 4th quarter valued at approximately $384,000. Northern Trust Corp boosted its holdings in shares of Wabash National by 8.5% in the 4th quarter. Northern Trust Corp now owns 497,552 shares of the company's stock valued at $8,523,000 after acquiring an additional 38,928 shares during the last quarter. Finally, Freestone Grove Partners LP purchased a new stake in shares of Wabash National in the 4th quarter valued at $328,000. 97.05% of the stock is currently owned by hedge funds and other institutional investors.

Wabash National Trading Down 0.7%

Shares of NYSE WNC traded down $0.08 during midday trading on Wednesday, reaching $11.00. 142,483 shares of the stock were exchanged, compared to its average volume of 966,514. The company has a 50 day simple moving average of $10.59 and a 200 day simple moving average of $10.34. 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 stock has a market capitalization of $450.46 million, a P/E ratio of -4.54 and a beta of 1.67. Wabash National Corporation has a twelve month low of $6.78 and a twelve month high of $20.63.

Wabash National (NYSE:WNC - Get Free Report) last announced its quarterly earnings results on Friday, July 25th. The company reported ($0.15) EPS for the quarter, beating the consensus estimate of ($0.31) by $0.16. The business had revenue of $458.82 million for 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%.The company's quarterly revenue was down 16.7% on a year-over-year basis. During the same quarter in the prior 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, equities analysts expect that Wabash National Corporation will post 0.94 earnings per share for the current year.

Wabash National Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 23rd. Stockholders 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 dividend yield of 2.9%. The ex-dividend date of this dividend is Thursday, October 2nd. Wabash National's payout ratio is -13.22%.

Wall Street Analyst Weigh In

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