Trexquant Investment LP Invests $1.22 Million in Wabash National Corporation $WNC

Key Points

• Trexquant Investment LP has invested approximately $1.22 million in Wabash National Corporation, acquiring 110,281 shares and owning about 0.26% of the company.
• Wabash National's stock price target has been raised by DA Davidson from $7.50 to $9.50, maintaining a "neutral" rating.
• The company recently reported a negative earnings per share of ($0.15) for the quarter, exceeding estimates, with total revenue of $458.82 million.

Trexquant Investment LP purchased a new position in Wabash National Corporation (NYSE:WNC - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 110,281 shares of the company's stock, valued at approximately $1,219,000. Trexquant Investment LP owned about 0.26% of Wabash National at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of WNC. Parallel Advisors LLC raised its position in shares of 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 last quarter. Allworth Financial LP increased its holdings 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 buying an additional 2,347 shares in the last quarter. Curat Global LLC bought a new stake in Wabash National in the 1st quarter worth about $37,000. CWM LLC increased 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 buying an additional 4,912 shares in the last quarter. Finally, GAMMA Investing LLC increased 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 buying an additional 6,973 shares in the last quarter. Hedge funds and other institutional investors own 97.05% of the company's stock.

Wabash National Price Performance

NYSE WNC traded up $0.28 during trading hours on Thursday, reaching $11.54. The company's stock had a trading volume of 233,868 shares, compared to its average volume of 493,926. The firm's 50-day moving average price is $10.65 and its 200-day moving average price is $10.31. 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 1 year low of $6.78 and a 1 year high of $20.63. The company has a market capitalization of $472.24 million, a price-to-earnings ratio of -4.77 and a beta of 1.67.

Wabash National (NYSE:WNC - Get Free Report) last posted its quarterly earnings results on Friday, July 25th. The company reported ($0.15) EPS for the quarter, topping 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 for the quarter, compared to analysts' expectations of $435.75 million. During the same period in the previous year, the firm earned $0.64 EPS. The firm's revenue 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 predict that Wabash National Corporation will post 0.94 EPS for the current fiscal year.

Wabash National Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 23rd. Investors of record on Thursday, October 2nd will be issued a $0.08 dividend. 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 2.8%. Wabash National's payout ratio is currently -13.22%.

Analyst Upgrades and Downgrades

Separately, DA Davidson lifted their price objective on 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 MarketBeat, Wabash National currently has an average rating of "Hold" and a consensus 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.