Public Employees Retirement System of Ohio Buys 34,984 Shares of Wabash National Corporation $WNC

Key Points

• The Public Employees Retirement System of Ohio increased its stake in Wabash National Corporation by 75.9%, acquiring an additional 34,984 shares, bringing its total to 81,067 shares valued at approximately $862,000.
• Wabash National announced a quarterly dividend of $0.08 per share, which is set to be paid on October 23rd, representing an annual yield of 3.3% despite a negative dividend payout ratio.
• Wabash National's recent earnings report indicated a loss of ($0.15) per share for the quarter, beating expectations but reflecting a 16.7% decline in revenue year-over-year.

Public Employees Retirement System of Ohio raised its position in shares of Wabash National Corporation (NYSE:WNC - Free Report) by 75.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 81,067 shares of the company's stock after purchasing an additional 34,984 shares during the period. Public Employees Retirement System of Ohio owned 0.19% of Wabash National worth $862,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in WNC. Baker Ellis Asset Management LLC bought a new position in shares of Wabash National during the 2nd quarter worth $120,000. Inspire Investing LLC boosted its position in Wabash National by 33.4% during 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 period. Strs Ohio purchased a new position in shares of Wabash National in the first quarter worth about $520,000. Jane Street Group LLC raised its position in shares of Wabash National by 204.3% in the first quarter. Jane Street Group LLC now owns 463,191 shares of the company's stock valued at $5,118,000 after purchasing an additional 310,998 shares during the period. Finally, Empowered Funds LLC lifted its stake in shares of Wabash National by 4.2% during the 1st quarter. Empowered Funds LLC now owns 202,429 shares of the company's stock valued at $2,237,000 after buying an additional 8,205 shares in the last quarter. 97.05% of the stock is currently owned by institutional investors.

Wabash National Stock Up 1.3%

Shares of NYSE WNC opened at $9.71 on Monday. The company has a current ratio of 1.68, a quick ratio of 1.00 and a debt-to-equity ratio of 1.13. The business has a 50-day moving average of $10.66 and a 200-day moving average of $10.21. The firm has a market capitalization of $397.34 million, a price-to-earnings ratio of -4.01 and a beta of 1.66. 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 announced its earnings results on Friday, July 25th. The company reported ($0.15) earnings per share (EPS) 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 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 revenue for the quarter 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 earnings per share for the current fiscal year.

Wabash National Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 23rd. Shareholders of record on Thursday, October 2nd will be given a dividend of $0.08 per share. The ex-dividend date 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 (DPR) is presently -13.22%.

Analysts Set New Price Targets

WNC has been the subject of a number of recent research reports. DA Davidson reiterated a "neutral" rating and issued a $9.50 price objective on shares of Wabash National in a research note on Monday, September 15th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Wabash National in a 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 company's stock. According to data from MarketBeat, Wabash National has a consensus rating of "Reduce" and an average price target of $9.50.

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.

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