MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Increases Stock Holdings in Wabash National Corporation $WNC

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Wabash National Corporation (NYSE:WNC - Free Report) by 96.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,825,902 shares of the company's stock after purchasing an additional 895,516 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 4.36% of Wabash National worth $20,176,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. D.A. Davidson & CO. purchased a new stake in shares of Wabash National during the first quarter worth about $333,000. GAMMA Investing LLC grew 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 purchasing an additional 6,973 shares in the last quarter. Allianz Asset Management GmbH grew its position in shares of Wabash National by 69.9% during the first quarter. Allianz Asset Management GmbH now owns 192,398 shares of the company's stock worth $2,126,000 after purchasing an additional 79,186 shares in the last quarter. VELA Investment Management LLC purchased a new position in Wabash National during the 1st quarter valued at approximately $1,420,000. Finally, Jump Financial LLC purchased a new position in Wabash National during the 1st quarter valued at approximately $792,000. Hedge funds and other institutional investors own 97.05% of the company's stock.

Wall Street Analysts Forecast Growth

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

Wabash National Price Performance

NYSE WNC traded down $0.36 during trading on Friday, hitting $11.17. 346,140 shares of the stock traded hands, compared to its average volume of 476,739. The company has a market capitalization of $457.18 million, a P/E ratio of -4.61 and a beta of 1.67. The firm has a 50-day simple moving average of $10.64 and a 200-day simple moving average of $10.31. The company has a quick ratio of 1.00, a current ratio of 1.68 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 results on Friday, July 25th. The company reported ($0.15) earnings per share for the quarter, beating the consensus estimate of ($0.31) by $0.16. The business had revenue of $458.82 million during the quarter, compared to analysts' expectations 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 for the quarter was down 16.7% compared to the same quarter last year. During the same quarter last year, the business 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, analysts predict that Wabash National Corporation will post 0.94 EPS for the current year.

Wabash National Dividend Announcement

The business also recently announced 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 is Thursday, October 2nd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.9%. Wabash National's payout ratio is -13.22%.

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.