Vanguard Group Inc. Lowers Stake in 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 Wabash National Corporation (NYSE:WNC - Free Report) by 25.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,953,609 shares of the company's stock after selling 1,358,209 shares during the period. Vanguard Group Inc. owned about 9.44% of Wabash National worth $43,687,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. US Bancorp DE boosted its position in Wabash National by 2,057.0% in the 1st quarter. US Bancorp DE now owns 11,885 shares of the company's stock valued at $131,000 after buying an additional 11,334 shares during the last quarter. Nicolet Advisory Services LLC acquired a new stake in Wabash National during the 1st quarter worth $120,000. Vestcor Inc raised its stake in shares of Wabash National by 48.3% in the 1st quarter. Vestcor Inc now owns 39,600 shares of the company's stock valued at $438,000 after purchasing an additional 12,900 shares during the period. XTX Topco Ltd acquired a new stake in shares of Wabash National in the 1st quarter valued at about $220,000. Finally, Federated Hermes Inc. bought a new position in shares of Wabash National in the 1st quarter valued at about $5,874,000. 97.05% of the stock is currently owned by institutional investors.

Wabash National Stock Performance

WNC traded down $0.06 on Friday, hitting $11.07. The company's stock had a trading volume of 483,037 shares, compared to its average volume of 638,799. The company's 50 day simple moving average is $10.57 and its 200-day simple moving average is $10.37. The firm has a market cap of $453.31 million, a P/E ratio of -4.58 and a beta of 1.65. Wabash National Corporation has a 12 month low of $6.78 and a 12 month high of $20.63. 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 (NYSE:WNC - Get Free Report) last released its quarterly earnings data 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 net margin of 6.38% and a negative return on equity of 7.91%. The company had revenue of $458.82 million during the quarter, compared to the consensus estimate of $435.75 million. During the same period last year, the firm earned $0.64 EPS. Wabash National'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. Analysts forecast that Wabash National Corporation will post 0.94 EPS for the current year.

Wabash National Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 23rd. Shareholders of record on Thursday, October 2nd will be issued a $0.08 dividend. 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%.

Analysts Set New Price Targets

Separately, DA Davidson lifted their price target 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.com, Wabash National presently has an average rating of "Hold" and an average 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.