Goldman Sachs Group Inc. Cuts Holdings in Wabash National Corporation $WNC

Goldman Sachs Group Inc. trimmed its holdings in shares of Wabash National Corporation (NYSE:WNC) by 38.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 282,467 shares of the company’s stock after selling 179,160 shares during the period. Goldman Sachs Group Inc. owned approximately 0.67% of Wabash National worth $3,121,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Wabash National by 96.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,825,902 shares of the company’s stock worth $20,176,000 after buying an additional 895,516 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Wabash National by 11.1% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,028,880 shares of the company’s stock worth $11,369,000 after buying an additional 102,928 shares during the last quarter. Royce & Associates LP boosted its stake in shares of Wabash National by 2.3% in the 1st quarter. Royce & Associates LP now owns 985,877 shares of the company’s stock worth $10,894,000 after buying an additional 22,510 shares during the last quarter. Hotchkis & Wiley Capital Management LLC lifted its position in shares of Wabash National by 31.6% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 943,679 shares of the company’s stock valued at $10,428,000 after acquiring an additional 226,470 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its holdings in shares of Wabash National by 1,301.5% in the first quarter. Jacobs Levy Equity Management Inc. now owns 787,533 shares of the company’s stock worth $8,702,000 after purchasing an additional 731,339 shares during the last quarter. 97.05% of the stock is currently owned by hedge funds and other institutional investors.

Wabash National Stock Performance

NYSE:WNC opened at $10.90 on Friday. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.00 and a current ratio of 1.68. 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 capitalization of $446.25 million, a P/E ratio of -4.50 and a beta of 1.67. The company has a 50 day moving average price of $10.65 and a 200 day moving average price of $10.31.

Wabash National (NYSE:WNC) last released its quarterly earnings data 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. 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 during the quarter, compared to analysts’ expectations of $435.75 million. During the same period in the previous year, the company earned $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. Equities research analysts forecast that Wabash National Corporation will post 0.94 EPS for the current 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. This represents a $0.32 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Thursday, October 2nd. Wabash National’s dividend payout ratio is -13.22%.

Analysts Set New Price Targets

Separately, DA Davidson reiterated a “neutral” rating and issued a $9.50 price target on shares of Wabash National in a report on Monday, September 15th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Wabash National has an average rating of “Hold” and a consensus price target 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.