Jump Financial LLC Takes Position in Wabash National Corporation $WNC

Key Points

• Jump Financial LLC invested approximately $792,000 in Wabash National Corporation by purchasing 71,719 shares, representing about 0.17% of the company's total stock.
• Wabash National recently declared a quarterly dividend of $0.08 per share, which will be paid on October 23rd, indicating a dividend yield of 2.9%.
• DA Davidson upgraded Wabash National's price target from $7.50 to $9.50, maintaining a “neutral” rating based on current market assessments.

Jump Financial LLC acquired a new stake in shares of Wabash National Corporation (NYSE:WNC - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 71,719 shares of the company's stock, valued at approximately $792,000. Jump Financial LLC owned approximately 0.17% of Wabash National as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Federated Hermes Inc. bought a new position in Wabash National in the first quarter valued at $5,874,000. TrueMark Investments LLC purchased a new position in shares of Wabash National in the 1st quarter worth about $3,818,000. Hotchkis & Wiley Capital Management LLC increased its position in shares of Wabash National by 31.6% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 943,679 shares of the company's stock valued at $10,428,000 after purchasing an additional 226,470 shares during the last quarter. Nuveen LLC purchased a new position in shares of Wabash National during the 1st quarter valued at about $2,048,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Wabash National during the 4th quarter valued at about $2,828,000. 97.05% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Wabash National Trading Up 1.0%

Wabash National stock traded up $0.11 during trading hours on Thursday, reaching $11.13. The stock had a trading volume of 211,428 shares, compared to its average volume of 963,367. The company has a fifty day simple moving average of $10.60 and a 200-day simple moving average of $10.34. 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 $455.66 million, a PE ratio of -4.61 and a beta of 1.67. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.68 and a quick ratio of 1.00.

Wabash National (NYSE:WNC - Get Free Report) last posted 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. 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 during the quarter, compared to analyst estimates of $435.75 million. During the same period in the prior year, the business posted $0.64 earnings per share. Wabash National'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. Analysts forecast that Wabash National Corporation will post 0.94 EPS for the current fiscal year.

Wabash National Dividend Announcement

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