Algert Global LLC Has $1.48 Million Stock Holdings in 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 raised its holdings 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 & Exchange Commission. The fund owned 134,150 shares of the company's stock after acquiring an additional 114,390 shares during the quarter. Algert Global LLC owned about 0.32% of Wabash National worth $1,482,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in WNC. Parallel Advisors LLC raised its holdings in shares of Wabash National by 255.9% during the 1st quarter. Parallel Advisors LLC now owns 2,395 shares of the company's stock valued at $26,000 after purchasing an additional 1,722 shares in the last quarter. Allworth Financial LP increased its position in Wabash National by 268.8% during the first quarter. Allworth Financial LP now owns 3,220 shares of the company's stock worth $34,000 after buying an additional 2,347 shares during the last quarter. Curat Global LLC acquired a new position in Wabash National during the first quarter worth $37,000. CWM LLC raised its holdings in Wabash National by 1,520.7% during the first quarter. CWM LLC now owns 5,235 shares of the company's stock valued at $58,000 after buying an additional 4,912 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Wabash National by 982.1% in the first quarter. GAMMA Investing LLC now owns 7,683 shares of the company's stock worth $85,000 after buying an additional 6,973 shares during the last quarter. 97.05% of the stock is owned by institutional investors.

Wabash National Stock Performance

Shares of NYSE WNC traded down $0.24 during trading hours on Thursday, hitting $11.23. 58,521 shares of the company's stock were exchanged, compared to its average volume of 975,018. The company's 50-day moving average price is $10.53 and its 200-day moving average price is $10.40. Wabash National Corporation has a 1-year low of $6.78 and a 1-year high of $20.63. The stock has a market capitalization of $459.76 million, a price-to-earnings ratio of -4.64 and a beta of 1.65. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.68 and a quick ratio of 1.00.

Wabash National (NYSE:WNC - Get Free Report) last issued its quarterly earnings results on Friday, July 25th. The company reported ($0.15) EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $435.75 million. During the same period in the previous year, the business posted $0.64 EPS. The company'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. On average, sell-side analysts expect that Wabash National Corporation will post 0.94 earnings per share for the current fiscal year.

Wabash National Announces Dividend

The business also recently announced 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. This represents a $0.32 annualized dividend and a yield of 2.8%. The ex-dividend date is Thursday, October 2nd. Wabash National's dividend payout ratio is presently -13.22%.

Analyst Ratings Changes

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