Vanguard Group Inc. Sells 1,358,209 Shares of Wabash National Corporation $WNC

Key Points

• Vanguard Group Inc. reduced its stake in Wabash National Corporation by 25.6%, now owning approximately 9.44% of the company valued at $43.7 million.
• Wabash National reported a negative earnings per share of ($0.15), exceeding analysts' expectations, but its revenue decreased by 16.7% year-over-year.
• The company declared a quarterly dividend of $0.08, resulting in an annualized yield of 2.9%, with a payout ratio of -13.22%.

Vanguard Group Inc. cut its stake in shares of Wabash National Corporation (NYSE:WNC - Free Report) by 25.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,953,609 shares of the company's stock after selling 1,358,209 shares during the period. Vanguard Group Inc. owned 9.44% of Wabash National worth $43,687,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of WNC. Wells Fargo & Company MN boosted its position in Wabash National by 22.5% during the fourth quarter. Wells Fargo & Company MN now owns 27,839 shares of the company's stock valued at $477,000 after purchasing an additional 5,112 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Wabash National during the fourth quarter valued at approximately $2,827,000. Marshall Wace LLP acquired a new position in Wabash National during the fourth quarter valued at approximately $695,000. Tower Research Capital LLC TRC boosted its position in Wabash National by 82.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 17,357 shares of the company's stock valued at $297,000 after purchasing an additional 7,843 shares during the last quarter. Finally, Tudor Investment Corp ET AL acquired a new stake in shares of Wabash National in the fourth quarter valued at approximately $384,000. 97.05% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Wabash National Stock Performance

Shares of WNC traded down $0.06 during mid-day trading on Friday, reaching $11.07. The company's stock had a trading volume of 483,037 shares, compared to its average volume of 631,313. Wabash National Corporation has a 1-year low of $6.78 and a 1-year high of $20.63. The stock has a market cap of $453.33 million, a P/E ratio of -4.58 and a beta of 1.67. The business has a 50-day simple moving average of $10.57 and a two-hundred day simple moving average of $10.34. The company has a current ratio of 1.68, a quick ratio of 1.00 and a debt-to-equity ratio of 1.13.

Wabash National (NYSE:WNC - Get Free Report) last released its quarterly earnings results on Friday, July 25th. The company reported ($0.15) earnings per share for the quarter, topping the consensus estimate of ($0.31) by $0.16. The business had revenue of $458.82 million during the quarter, compared to analysts' expectations of $435.75 million. Wabash National had a negative return on equity of 7.91% and a negative net margin of 6.38%.The firm's revenue for the quarter was down 16.7% compared to the same quarter last year. During the same period last 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. As a group, equities research analysts anticipate that Wabash National Corporation will post 0.94 earnings per share for the current fiscal year.

Wabash National Dividend Announcement

The company 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 dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Thursday, October 2nd. Wabash National's dividend payout ratio (DPR) is presently -13.22%.

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.