Jump Financial LLC Buys Shares of 71,719 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 Wabash National Corporation (NYSE:WNC - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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 Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quantinno Capital Management LP increased its holdings in Wabash National by 6.2% in the fourth quarter. Quantinno Capital Management LP now owns 15,420 shares of the company's stock valued at $264,000 after buying an additional 896 shares in the last quarter. Vident Advisory LLC increased its holdings in Wabash National by 7.0% in the fourth quarter. Vident Advisory LLC now owns 25,752 shares of the company's stock valued at $441,000 after buying an additional 1,678 shares in the last quarter. Parallel Advisors LLC increased its holdings in Wabash National by 255.9% in the first quarter. Parallel Advisors LLC now owns 2,395 shares of the company's stock valued at $26,000 after buying an additional 1,722 shares in the last quarter. Allworth Financial LP increased its stake 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 purchasing an additional 2,347 shares in the last quarter. Finally, Curat Global LLC purchased a new stake in shares of Wabash National during the first quarter worth about $37,000. Hedge funds and other institutional investors own 97.05% of the company's stock.

Wabash National Price Performance

WNC traded up $0.20 on Friday, reaching $11.53. 75,766 shares of the company's stock were exchanged, compared to its average volume of 959,349. The stock has a market cap of $472.04 million, a PE ratio of -4.76 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. The stock's fifty day moving average price is $10.61 and its 200-day moving average price is $10.34. 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 quarterly 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. The firm had revenue of $458.82 million for the quarter, compared to analyst estimates of $435.75 million. Wabash National had a negative net margin of 6.38% and a negative return on equity of 7.91%. Wabash National's quarterly revenue was down 16.7% on a year-over-year basis. During the same period in the previous year, the business 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. 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 announced 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 yield of 2.8%. The ex-dividend date is Thursday, October 2nd. Wabash National's payout ratio is presently -13.22%.

Analysts Set New Price Targets

Separately, DA Davidson boosted their target price on shares of 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 data from MarketBeat, Wabash National has a consensus rating of "Hold" and an average target price of $9.50.

Wabash National 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.