Rhumbline Advisers Has $762,000 Stake in Wabash National Corporation $WNC

Rhumbline Advisers trimmed its holdings in shares of Wabash National Corporation (NYSE:WNC) by 49.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,987 shares of the company’s stock after selling 68,329 shares during the period. Rhumbline Advisers owned 0.16% of Wabash National worth $762,000 as of its most recent SEC filing.

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

Wabash National Stock Performance

WNC stock opened at $10.90 on Monday. The business’s 50-day moving average price is $10.65 and its two-hundred day moving average price is $10.29. 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 market cap of $446.25 million, a PE ratio of -4.50 and a beta of 1.67. Wabash National Corporation has a 1-year low of $6.78 and a 1-year high of $20.63.

Wabash National (NYSE:WNC) last posted its 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 firm had revenue of $458.82 million for the quarter, compared to analyst estimates of $435.75 million. Wabash National had a negative return on equity of 7.91% and a negative net margin of 6.38%.The company’s revenue for the quarter was down 16.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.64 earnings per share. 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, research analysts forecast that Wabash National Corporation will post 0.94 earnings per share for the current year.

Wabash National Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 23rd. Shareholders of record on Thursday, October 2nd will be issued a dividend of $0.08 per share. 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 currently -13.22%.

Wall Street Analysts Forecast Growth

Separately, DA Davidson reaffirmed a “neutral” rating and set a $9.50 price target on shares of Wabash National in a research note on Monday, September 15th. One 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 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.