Polaris Capital Management LLC Purchases 34,300 Shares of Wabash National Corporation $WNC

Key Points

• Polaris Capital Management LLC increased its holdings in Wabash National Corporation by 35.1%, acquiring 34,300 shares and bringing its total ownership to 132,100 shares
• The company reported a quarterly EPS of ($0.15), surpassing analysts’ estimates, but its revenue decreased by 16.7% compared to the previous year.
• Wabash National announced a quarterly dividend of $0.08 per share, translating to an annual yield of 3.3%.

Polaris Capital Management LLC grew its position in shares of Wabash National Corporation (NYSE:WNC - Free Report) by 35.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 132,100 shares of the company's stock after acquiring an additional 34,300 shares during the quarter. Polaris Capital Management LLC owned about 0.32% of Wabash National worth $1,404,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the stock. SummerHaven Investment Management LLC grew its holdings in Wabash National by 3.7% during the second quarter. SummerHaven Investment Management LLC now owns 38,962 shares of the company's stock worth $414,000 after buying an additional 1,396 shares in the last quarter. Public Employees Retirement System of Ohio grew its holdings in Wabash National by 75.9% during the second quarter. Public Employees Retirement System of Ohio now owns 81,067 shares of the company's stock worth $862,000 after buying an additional 34,984 shares in the last quarter. Baker Ellis Asset Management LLC bought a new stake in Wabash National during the second quarter worth $120,000. Inspire Investing LLC boosted its position in Wabash National by 33.4% in the first quarter. Inspire Investing LLC now owns 31,098 shares of the company's stock worth $344,000 after purchasing an additional 7,785 shares during the last quarter. Finally, Strs Ohio purchased a new position in Wabash National in the first quarter worth $520,000. Institutional investors own 97.05% of the company's stock.

Analyst Upgrades and Downgrades

WNC has been the topic of several research analyst reports. DA Davidson reissued a "neutral" rating and issued a $9.50 price objective on shares of Wabash National in a research report on Monday, September 15th. Weiss Ratings reissued a "sell (d)" rating on shares of Wabash National in a research report on Saturday, September 27th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Reduce" and an average target price of $9.50.

Wabash National Stock Up 1.3%

Shares of NYSE WNC opened at $9.71 on Friday. Wabash National Corporation has a one year low of $6.78 and a one year high of $20.63. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.68 and a quick ratio of 1.00. The business's fifty day moving average price is $10.66 and its 200-day moving average price is $10.22. The stock has a market capitalization of $397.36 million, a PE ratio of -4.01 and a beta of 1.66.

Wabash National (NYSE:WNC - Get Free Report) last issued its quarterly earnings results on Friday, July 25th. The company reported ($0.15) EPS for the quarter, beating analysts' consensus estimates of ($0.31) by $0.16. Wabash National had a negative return on equity of 7.91% and a negative net margin of 6.38%.The firm had revenue of $458.82 million for the quarter, compared to analysts' expectations of $435.75 million. During the same quarter in the prior year, the firm earned $0.64 EPS. The business's revenue for the quarter 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. On average, equities research analysts anticipate that Wabash National Corporation will post 0.94 EPS for the current year.

Wabash National Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 23rd. Investors of record on Thursday, October 2nd will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Thursday, October 2nd. This represents a $0.32 dividend on an annualized basis and a yield of 3.3%. Wabash National's dividend 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.

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