Algert Global LLC Purchases 114,390 Shares of Wabash National Corporation $WNC

Key Points

• Algert Global LLC significantly increased its stake in Wabash National Corporation by 578.9% during the first quarter, owning a total of 134,150 shares, valued at approximately $1.48 million.
• Wabash National's stock price recently reached $11.26, reflecting a gain of 11.3%, and the company reported a quarterly revenue of $458.82 million, exceeding analyst estimates.
• The firm announced a quarterly dividend of $0.08 per share, with a dividend yield of 2.8%, to be paid on October 23rd.

Algert Global LLC lifted its position in Wabash National Corporation (NYSE:WNC - Free Report) by 578.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 134,150 shares of the company's stock after buying an additional 114,390 shares during the quarter. Algert Global LLC owned about 0.32% of Wabash National worth $1,482,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. D.A. Davidson & CO. acquired a new stake in shares of Wabash National in the first quarter worth $333,000. GAMMA Investing LLC increased its position in Wabash National by 982.1% during the first 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 period. Allianz Asset Management GmbH increased its position in Wabash National by 69.9% during the first quarter. Allianz Asset Management GmbH now owns 192,398 shares of the company's stock worth $2,126,000 after acquiring an additional 79,186 shares during the period. VELA Investment Management LLC bought a new position in Wabash National during the first quarter worth $1,420,000. Finally, Y Intercept Hong Kong Ltd bought a new position in Wabash National during the first quarter worth $671,000. 97.05% of the stock is currently owned by institutional investors and hedge funds.

Wabash National Stock Performance

Wabash National stock traded down $0.1160 on Monday, hitting $11.1640. The company's stock had a trading volume of 484,041 shares, compared to its average volume of 682,593. The firm has a market cap of $457.05 million, a P/E ratio of -4.61 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. The company has a fifty day moving average price of $10.49 and a 200-day moving average price of $10.39. Wabash National Corporation has a one year low of $6.78 and a one year high of $20.63.

Wabash National (NYSE:WNC - Get Free Report) last announced its quarterly 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 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 business's revenue for the quarter was down 16.7% on a year-over-year basis. 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. On average, equities analysts anticipate that Wabash National Corporation will post 0.94 earnings per share for the current year.

Wabash National Announces Dividend

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

Wall Street Analysts Forecast Growth

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