Nuveen LLC Takes $2.05 Million Position in Wabash National Corporation $WNC

Key Points

• Nuveen LLC has invested approximately $2.05 million in Wabash National Corporation, acquiring 185,347 shares that represent about 0.44% of the company's stock.
• Wabash National reported a loss of $0.15 per share for the latest quarter, surpassing analyst expectations while also announcing a $0.08 quarterly dividend with a yield of 2.9%.
• Wall Street analysts have set a consensus price target of $9.50 for Wabash National, with the stock currently rated as a "Hold."

Nuveen LLC acquired a new stake in Wabash National Corporation (NYSE:WNC - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 185,347 shares of the company's stock, valued at approximately $2,048,000. Nuveen LLC owned about 0.44% of Wabash National at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Wells Fargo & Company MN increased its position in Wabash National by 22.5% during the fourth quarter. Wells Fargo & Company MN now owns 27,839 shares of the company's stock worth $477,000 after buying an additional 5,112 shares during the last quarter. Marshall Wace LLP bought a new position in shares of Wabash National during the 4th quarter worth approximately $695,000. Tower Research Capital LLC TRC increased its holdings in shares of Wabash National by 82.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 17,357 shares of the company's stock worth $297,000 after acquiring an additional 7,843 shares during the last quarter. Tudor Investment Corp ET AL bought a new stake in Wabash National in the 4th quarter valued at $384,000. Finally, Northern Trust Corp lifted its stake in shares of Wabash National by 8.5% during the 4th quarter. Northern Trust Corp now owns 497,552 shares of the company's stock worth $8,523,000 after buying an additional 38,928 shares during the last quarter. 97.05% of the stock is owned by institutional investors.

Wabash National Stock Down 0.7%

WNC stock traded down $0.08 during mid-day trading on Wednesday, reaching $11.01. 142,483 shares of the company traded hands, compared to its average volume of 966,514. The firm's 50 day moving average price is $10.59 and its 200 day moving average price is $10.34. Wabash National Corporation has a fifty-two week low of $6.78 and a fifty-two week high of $20.63. The stock has a market cap of $450.54 million, a price-to-earnings ratio of -4.54 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.

Wabash National (NYSE:WNC - Get Free Report) last posted its earnings results on Friday, July 25th. The company reported ($0.15) EPS for the quarter, topping the consensus estimate 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 quarter last year, the firm earned $0.64 EPS. The company's quarterly revenue was down 16.7% compared to the same quarter last year. 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, equities research analysts predict that Wabash National Corporation will post 0.94 EPS for the current fiscal year.

Wabash National Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 23rd. Investors of record on Thursday, October 2nd will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Thursday, October 2nd. Wabash National's dividend payout ratio (DPR) is presently -13.22%.

Analyst Ratings Changes

Separately, DA Davidson lifted their target price on Wabash National from $7.50 to $9.50 and gave the company a "neutral" rating in a research 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 a consensus price target of $9.50.

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.