Invesco Ltd. Has $2.04 Million 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. decreased its position in shares of Wabash National Corporation (NYSE:WNC - Free Report) by 39.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 184,722 shares of the company's stock after selling 122,453 shares during the period. Invesco Ltd. owned about 0.44% of Wabash National worth $2,041,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Parallel Advisors LLC increased its holdings in shares of 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 buying an additional 1,722 shares in the last quarter. Allworth Financial LP increased its holdings 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 buying an additional 2,347 shares in the last quarter. Curat Global LLC acquired a new stake in shares of Wabash National during the first quarter worth approximately $37,000. CWM LLC increased its holdings in shares of Wabash National by 1,520.7% during the first quarter. CWM LLC now owns 5,235 shares of the company's stock worth $58,000 after buying an additional 4,912 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Wabash National by 982.1% during the first quarter. GAMMA Investing LLC now owns 7,683 shares of the company's stock worth $85,000 after buying an additional 6,973 shares in the last quarter. Institutional investors and hedge funds own 97.05% of the company's stock.

Wall Street Analyst Weigh In

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

Wabash National Trading Up 2.9%

WNC stock traded up $0.32 during midday trading on Thursday, reaching $11.34. The company's stock had a trading volume of 420,991 shares, compared to its average volume of 590,311. Wabash National Corporation has a 52 week low of $6.78 and a 52 week high of $20.63. The stock has a market cap of $464.05 million, a PE ratio of -4.68 and a beta of 1.67. The company has a quick ratio of 1.00, a current ratio of 1.68 and a debt-to-equity ratio of 1.13. The business's 50-day simple moving average is $10.61 and its 200-day simple moving average is $10.34.

Wabash National (NYSE:WNC - Get Free Report) last announced its quarterly earnings data on Friday, July 25th. The company reported ($0.15) earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 firm had revenue of $458.82 million for the quarter, compared to analysts' expectations of $435.75 million. During the same period last year, the firm earned $0.64 earnings per share. The business's revenue for the quarter was down 16.7% on a year-over-year basis. 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, sell-side analysts expect that Wabash National Corporation will post 0.94 EPS for the current year.

Wabash National Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 23rd. Stockholders of record on Thursday, October 2nd will be issued a $0.08 dividend. The ex-dividend date of this dividend is Thursday, October 2nd. This represents a $0.32 annualized dividend and a dividend yield of 2.8%. Wabash National's payout ratio is -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.