Rhumbline Advisers Decreases Stake in Wabash National Corporation $WNC

Key Points

• Rhumbline Advisers has reduced its stake in Wabash National Corporation by 49.8% in Q1, holding 68,987 shares valued at $762,000.
• Several institutional investors, including MIRAE ASSET GLOBAL ETFS HOLDINGS and Charles Schwab Investment Management, have recently increased their holdings in Wabash National significantly during the same period.
• Wabash National has set its FY 2025 EPS guidance between -1.300 and -1.000, alongside a quarterly dividend announcement of $0.08 per share with a yield of 2.9%.

Rhumbline Advisers trimmed its holdings in Wabash National Corporation (NYSE:WNC - Free Report) by 49.8% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 68,987 shares of the company's stock after selling 68,329 shares during the quarter. Rhumbline Advisers owned about 0.16% of Wabash National worth $762,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Quantinno Capital Management LP raised its stake in shares of Wabash National by 6.2% in the 4th quarter. Quantinno Capital Management LP now owns 15,420 shares of the company's stock valued at $264,000 after purchasing an additional 896 shares during the period. Vident Advisory LLC raised its stake in Wabash National by 7.0% in the 4th quarter. Vident Advisory LLC now owns 25,752 shares of the company's stock valued at $441,000 after acquiring an additional 1,678 shares during the period. Parallel Advisors LLC grew its holdings in Wabash National by 255.9% in the 1st quarter. Parallel Advisors LLC now owns 2,395 shares of the company's stock valued at $26,000 after buying an additional 1,722 shares in the last quarter. Allworth Financial LP grew its holdings 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 worth $34,000 after purchasing an additional 2,347 shares in the last quarter. Finally, Curat Global LLC acquired a new stake in shares of Wabash National during the 1st quarter worth $37,000. Institutional investors and hedge funds own 97.05% of the company's stock.

Wabash National Price Performance

WNC traded down $0.03 on Monday, reaching $10.85. The company had a trading volume of 338,153 shares, compared to its average volume of 427,792. The business has a 50 day simple moving average of $10.66 and a 200 day simple moving average of $10.28. Wabash National Corporation has a 52-week low of $6.78 and a 52-week 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 company has a market cap of $444.20 million, a price-to-earnings ratio of -4.48 and a beta of 1.67.

Wabash National (NYSE:WNC - Get Free Report) last released its earnings results on Friday, July 25th. The company reported ($0.15) earnings per share 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 company had revenue of $458.82 million during the quarter, compared to analyst estimates of $435.75 million. During the same quarter in the previous year, the company posted $0.64 EPS. Wabash National's revenue for the quarter was down 16.7% on a year-over-year basis. 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, sell-side analysts anticipate that Wabash National Corporation will post 0.94 EPS for the current year.

Wabash National Dividend Announcement

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

Analyst Upgrades and Downgrades

Separately, DA Davidson restated a "neutral" rating and issued a $9.50 price objective on shares of Wabash National in a report on Monday, September 15th. One equities 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 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.