Russell Investments Group Ltd. Raises Position in Wabash National Corporation $WNC

Key Points

• Russell Investments Group Ltd. increased its stake in Wabash National Corporation by 384.3% during Q1, owning 169,853 shares valued at approximately $1.88 million.
• Analysts have raised the price target for Wabash National from $7.50 to $9.50, with a current average rating of "Hold."
• Wabash National reported a loss of ($0.15 EPS) in its latest quarterly earnings, exceeding analyst expectations, but revenue fell 16.7% year-over-year.

Russell Investments Group Ltd. increased its holdings in Wabash National Corporation (NYSE:WNC - Free Report) by 384.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 169,853 shares of the company's stock after purchasing an additional 134,780 shares during the quarter. Russell Investments Group Ltd. owned 0.41% of Wabash National worth $1,877,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Parallel Advisors LLC raised its position in Wabash National by 255.9% in the 1st quarter. Parallel Advisors LLC now owns 2,395 shares of the company's stock worth $26,000 after purchasing an additional 1,722 shares during the period. Allworth Financial LP raised its position in Wabash National by 268.8% in 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 during the period. Curat Global LLC bought a new stake in Wabash National in the 1st quarter worth $37,000. CWM LLC grew 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 acquiring an additional 4,912 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in Wabash National by 982.1% in the 1st quarter. GAMMA Investing LLC now owns 7,683 shares of the company's stock worth $85,000 after acquiring an additional 6,973 shares during the last quarter. Hedge funds and other institutional investors own 97.05% of the company's stock.

Wabash National Trading Down 0.5%

Shares of WNC traded down $0.06 during trading hours on Friday, reaching $11.07. 483,037 shares of the company traded hands, compared to its average volume of 638,799. The company's fifty day moving average price is $10.57 and its two-hundred day moving average price is $10.36. The company has a market capitalization of $453.33 million, a price-to-earnings ratio of -4.58 and a beta of 1.65. 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 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 for the quarter, beating analysts' consensus estimates of ($0.31) by $0.16. The firm had revenue of $458.82 million for 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%. The company's revenue for the quarter was down 16.7% compared to the same quarter last year. During the same quarter in the previous year, the firm 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. Equities research analysts predict that Wabash National Corporation will post 0.94 earnings per share for the current fiscal year.

Wabash National Dividend Announcement

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

Analysts Set New Price Targets

Separately, DA Davidson raised their price target on shares of Wabash National from $7.50 to $9.50 and gave the stock a "neutral" rating in a report on Monday, June 23rd. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price 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.