Wabash National Corporation $WNC Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. lowered its stake in shares of Wabash National Corporation (NYSE:WNC) by 25.6% during the first quarter, according to the company in its most recent disclosure 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 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. US Bancorp DE lifted its position in shares of Wabash National by 2,057.0% during the 1st quarter. US Bancorp DE now owns 11,885 shares of the company’s stock valued at $131,000 after acquiring an additional 11,334 shares during the period. Nicolet Advisory Services LLC acquired a new stake in shares of Wabash National in the 1st quarter worth approximately $120,000. Vestcor Inc increased its stake in 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 in the last quarter. XTX Topco Ltd acquired a new position in Wabash National during the first quarter worth $220,000. Finally, Federated Hermes Inc. purchased a new stake in Wabash National during the first quarter worth $5,874,000. 97.05% of the stock is owned by hedge funds and other institutional investors.

Wabash National Trading Down 1.0%

Shares of WNC stock opened at $11.1640 on Tuesday. The company has a market capitalization of $457.05 million, a price-to-earnings ratio of -4.61 and a beta of 1.65. The company has a current ratio of 1.68, a quick ratio of 1.00 and a debt-to-equity ratio of 1.13. The firm has a 50-day moving average price of $10.49 and a 200 day moving average price of $10.39. Wabash National Corporation has a twelve month low of $6.78 and a twelve month high of $20.63.

Wabash National (NYSE:WNC) last released its quarterly earnings results on Friday, July 25th. The company reported ($0.15) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.31) by $0.16. The company had revenue of $458.82 million for the quarter, compared to analysts’ expectations of $435.75 million. Wabash National had a negative net margin of 6.38% and a negative return on equity of 7.91%. 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 company earned $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. Research analysts forecast that Wabash National Corporation will post 0.94 earnings per share for the current fiscal year.

Wabash National Announces Dividend

The firm 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. The ex-dividend date is Thursday, October 2nd. This represents a $0.32 annualized dividend and a yield of 2.9%. Wabash National’s payout ratio is -13.22%.

Analyst Upgrades and Downgrades

Separately, DA Davidson upped their target price on Wabash National from $7.50 to $9.50 and gave the company a “neutral” rating in a report on Monday, June 23rd. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company 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.