Russell Investments Group Ltd. Raises Stock Position in Wabash National Corporation $WNC

Russell Investments Group Ltd. raised its position in Wabash National Corporation (NYSE:WNC) by 384.3% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 169,853 shares of the company’s stock after buying an additional 134,780 shares during the quarter. Russell Investments Group Ltd. owned about 0.41% of Wabash National worth $1,877,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Parallel Advisors LLC increased its stake in Wabash National by 255.9% in the 1st quarter. Parallel Advisors LLC now owns 2,395 shares of the company’s stock valued at $26,000 after buying an additional 1,722 shares during the period. Allworth Financial LP increased its stake in Wabash National by 268.8% in the 1st quarter. Allworth Financial LP now owns 3,220 shares of the company’s stock valued at $34,000 after buying an additional 2,347 shares during the period. Curat Global LLC acquired a new position in Wabash National in the 1st quarter valued at $37,000. CWM LLC increased its stake in Wabash National by 1,520.7% in the 1st quarter. CWM LLC now owns 5,235 shares of the company’s stock valued at $58,000 after buying an additional 4,912 shares during the period. Finally, GAMMA Investing LLC increased its stake in Wabash National by 982.1% in the 1st quarter. GAMMA Investing LLC now owns 7,683 shares of the company’s stock valued at $85,000 after buying an additional 6,973 shares during the period. 97.05% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, DA Davidson boosted their price objective on shares of Wabash National from $7.50 to $9.50 and gave the company a “neutral” rating in a research note on Monday, June 23rd. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $9.50.

Wabash National Stock Performance

NYSE:WNC opened at $11.24 on Wednesday. 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 Corporation has a fifty-two week low of $6.78 and a fifty-two week high of $20.63. The stock has a market cap of $459.94 million, a PE ratio of -4.64 and a beta of 1.65. The firm’s fifty day simple moving average is $10.51 and its 200-day simple moving average is $10.40.

Wabash National (NYSE:WNC) last posted its quarterly earnings results on Friday, July 25th. The company reported ($0.15) earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $458.82 million for the quarter, compared to analysts’ expectations of $435.75 million. During the same period in the prior year, the company posted $0.64 EPS. The business’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 expect that Wabash National Corporation will post 0.94 earnings per share for the current fiscal year.

Wabash National Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 23rd. Stockholders of record on Thursday, October 2nd will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Thursday, October 2nd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.8%. Wabash National’s dividend payout ratio is -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.