Jacobs Levy Equity Management Inc. Purchases 731,339 Shares of Wabash National Corporation $WNC

Jacobs Levy Equity Management Inc. lifted its position in shares of Wabash National Corporation (NYSE:WNC - Free Report) by 1,301.5% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 787,533 shares of the company's stock after acquiring an additional 731,339 shares during the quarter. Jacobs Levy Equity Management Inc. owned approximately 1.88% of Wabash National worth $8,702,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Parallel Advisors LLC raised its position 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 acquiring an additional 1,722 shares during the last quarter. Allworth Financial LP raised its position 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 acquiring an additional 2,347 shares during the last quarter. Curat Global LLC bought a new stake in shares of Wabash National during the first quarter worth $37,000. CWM LLC raised its position 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 acquiring an additional 4,912 shares during the last quarter. Finally, GAMMA Investing LLC raised its position 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 acquiring an additional 6,973 shares during the last quarter. Institutional investors own 97.05% of the company's stock.

Analyst Ratings Changes

Separately, DA Davidson boosted their target price 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 equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Wabash National presently has a consensus rating of "Hold" and an average price target of $9.50.

Wabash National Trading Up 2.7%

NYSE WNC opened at $11.63 on Monday. The stock has a 50-day simple moving average of $10.63 and a 200 day simple moving average of $10.30. The company has a market capitalization of $476.30 million, a PE ratio of -4.81 and a beta of 1.67. The company has a current ratio of 1.68, a quick ratio of 1.00 and a debt-to-equity ratio of 1.13. Wabash National Corporation has a 12 month low of $6.78 and a 12 month high of $20.63.

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

Wabash National Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 23rd. Shareholders of record on Thursday, October 2nd will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Thursday, October 2nd. Wabash National's dividend payout ratio is -13.22%.

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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