Polaris Capital Management LLC Raises Stake in Wabash National Corporation $WNC

Polaris Capital Management LLC increased its stake in shares of Wabash National Corporation (NYSE:WNC) by 35.1% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 132,100 shares of the company’s stock after purchasing an additional 34,300 shares during the period. Polaris Capital Management LLC’s holdings in Wabash National were worth $1,404,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Parallel Advisors LLC lifted its holdings in Wabash National by 255.9% during the 1st quarter. Parallel Advisors LLC now owns 2,395 shares of the company’s stock worth $26,000 after purchasing an additional 1,722 shares in the last quarter. 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 worth $34,000 after acquiring an additional 2,347 shares during the last quarter. Curat Global LLC bought a new position in Wabash National in the 1st quarter worth about $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 worth $58,000 after acquiring an additional 4,912 shares during the last quarter. 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 worth $85,000 after acquiring an additional 6,973 shares during the last quarter. Hedge funds and other institutional investors own 97.05% of the company’s stock.

Wabash National Price Performance

Shares of Wabash National stock opened at $9.71 on Friday. 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 capitalization of $397.36 million, a PE ratio of -4.01 and a beta of 1.66. The business’s 50-day moving average price is $10.66 and its 200-day moving average price is $10.22. Wabash National Corporation has a 12 month low of $6.78 and a 12 month high of $20.63.

Wabash National (NYSE:WNC) last announced its quarterly earnings data on Friday, July 25th. The company reported ($0.15) EPS for the quarter, beating 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 was down 16.7% on a year-over-year basis. During the same period in the prior 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. Sell-side analysts forecast that Wabash National Corporation will post 0.94 EPS for the current fiscal year.

Wabash National Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 23rd. Stockholders of record on Thursday, October 2nd will be given a dividend of $0.08 per share. The ex-dividend date is Thursday, October 2nd. This represents a $0.32 annualized dividend and a dividend yield of 3.3%. Wabash National’s dividend payout ratio is -13.22%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Weiss Ratings restated a “sell (d)” rating on shares of Wabash National in a research note on Saturday, September 27th. DA Davidson restated a “neutral” rating and issued a $9.50 target price on shares of Wabash National in a research note on Monday, September 15th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Wabash National presently has a consensus rating of “Reduce” and a consensus price target of $9.50.

Wabash National Company 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.