Russell Investments Group Ltd. Purchases 134,780 Shares of 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. grew its holdings in shares of Wabash National Corporation (NYSE:WNC - Free Report) by 384.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 169,853 shares of the company's stock after buying an additional 134,780 shares during the quarter. Russell Investments Group Ltd. owned 0.41% of Wabash National worth $1,877,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in WNC. Nuveen LLC bought a new stake in Wabash National during the 1st quarter worth approximately $2,048,000. CenterBook Partners LP purchased a new stake in shares of Wabash National during the first quarter valued at approximately $1,503,000. Charles Schwab Investment Management Inc. lifted its holdings in Wabash National by 11.1% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,028,880 shares of the company's stock worth $11,369,000 after acquiring an additional 102,928 shares during the period. US Bancorp DE boosted its position in Wabash National by 2,057.0% in the first quarter. US Bancorp DE now owns 11,885 shares of the company's stock worth $131,000 after purchasing an additional 11,334 shares during the last quarter. Finally, Nicolet Advisory Services LLC purchased a new position in Wabash National in the first quarter worth $120,000. Institutional investors and hedge funds own 97.05% of the company's stock.

Analyst Upgrades and Downgrades

Separately, DA Davidson boosted 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 equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $9.50.

Wabash National Stock Performance

NYSE:WNC traded down $0.06 on Monday, reaching $11.07. 483,037 shares of the company's stock were exchanged, compared to its average volume of 631,313. The firm has a market cap of $453.33 million, a price-to-earnings ratio of -4.58 and a beta of 1.67. 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 stock has a fifty day simple moving average of $10.58 and a 200-day simple moving average of $10.33. Wabash National Corporation has a 52 week low of $6.78 and a 52 week high of $20.63.

Wabash National (NYSE:WNC - Get Free Report) last posted 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 firm had revenue of $458.82 million for the quarter, compared to the consensus estimate of $435.75 million. Wabash National had a negative return on equity of 7.91% and a negative net margin of 6.38%.The business's quarterly revenue was down 16.7% on a year-over-year basis. During the same quarter in the prior 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. As a group, sell-side analysts predict that Wabash National Corporation will post 0.94 earnings per share for the current year.

Wabash National Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 23rd. Stockholders 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 annualized dividend and a dividend yield of 2.9%. Wabash National's dividend payout ratio is currently -13.22%.

Wabash National Company 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.