Nuveen LLC Makes New $2.05 Million Investment 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 bought a new stake in Wabash National Corporation (NYSE:WNC - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The fund bought 185,347 shares of the company's stock, valued at approximately $2,048,000. Nuveen LLC owned 0.44% of Wabash National at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Parallel Advisors LLC raised its position in shares of Wabash National by 255.9% in 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 period. Allworth Financial LP grew its position in shares of Wabash National by 268.8% during the 1st quarter. Allworth Financial LP now owns 3,220 shares of the company's stock valued at $34,000 after acquiring an additional 2,347 shares during the period. Curat Global LLC purchased a new position in shares of Wabash National in the 1st quarter valued at about $37,000. CWM LLC raised its holdings in Wabash National by 1,520.7% in the 1st quarter. CWM LLC now owns 5,235 shares of the company's stock worth $58,000 after purchasing an additional 4,912 shares during the period. Finally, GAMMA Investing LLC boosted its position in 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. Institutional investors and hedge funds own 97.05% of the company's stock.

Wall Street Analyst Weigh In

Separately, DA Davidson boosted their price objective 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 equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $9.50.

Wabash National Price Performance

Shares of NYSE:WNC traded up $0.32 during trading on Thursday, reaching $11.34. The stock had a trading volume of 420,991 shares, compared to its average volume of 590,311. The business has a fifty day moving average price of $10.61 and a 200-day moving average price of $10.34. Wabash National Corporation has a 1-year low of $6.78 and a 1-year high of $20.63. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.00 and a current ratio of 1.68. The stock has a market cap of $464.05 million, a PE ratio of -4.68 and a beta of 1.67.

Wabash National (NYSE:WNC - Get Free Report) last announced its earnings results on Friday, July 25th. The company reported ($0.15) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.31) by $0.16. The company had revenue of $458.82 million for the quarter, compared to analysts' expectations of $435.75 million. Wabash National had a negative net margin of 6.38% and a negative return on equity of 7.91%. The firm's quarterly revenue was down 16.7% on a year-over-year basis. During the same quarter in the previous year, the company 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. On average, equities analysts forecast that Wabash National Corporation will post 0.94 earnings per share for the current fiscal year.

Wabash National Announces Dividend

The business 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 dividend payout ratio is presently -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.