Wabash National (WNC)
Builds trailers, truck bodies, parts, and service platforms for first-to-final-mile freight.
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Designs and manufactures dry and refrigerated trailers, tank trailers, truck bodies, and process equipment, with Parts & Services adding aftermarket, upfitting, digital marketplace, and Trailers as a Service offerings. Sales are concentrated in North American fleet channels, and demand moves with freight-equipment cycles.
Produces dry and refrigerated van trailers, platform trailers, tank trailers, dry and refrigerated truck bodies, structural composite panels, aerodynamic products, and specialty processing equipment for food, beverage, pharmaceutical, chemical, brewing, and biotech markets.
Transportation Solutions remains the equipment core, while Parts & Services adds aftermarket parts, upfitting, DuraPlate components, Wabash Parts, Linq, and Trailers as a Service. The service direction extends a cyclical trailer base into recurring fleet support, digital marketplace, and on-demand capacity offers.
Demand is concentrated in North American freight, leasing, private-fleet, package, and liquid-carrier channels, with limited international exposure. The business depends on dry-van and refrigerated-trailer demand, raw-material and component supply, customer concentration, and legal/product-liability outcomes.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 12, 2026 | National Bank | Target | Target: $9 | Target: $20 |
| Jul 15, 2026 | Citigroup | Initiate | Rating: — | |
| Jun 17, 2026 | DA Davidson | Upgrade | Target: $8.50 | Target: $20 |
| May 5, 2026 | DA Davidson | Reiterate | Rating: —Target: $9 | Target: $8.50 |
| Oct 23, 2025 | National Bank | Target | Target: $23 | Target: $9 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $71.5M · Total debt $513.2M · Total assets $1.24B · Shareholders' equity $292.5M
- Revenue
- $417.2M
- Operating income
- −$25.3M
- Net income
- −$22.9M
HistoryDividendAnnual yieldUpcoming
| Institutions | 94.79% | 38.62M shares | |
|---|---|---|---|
| 172 holders · as of Jun 30, 2026 | |||
| Insiders | 5.01% | 2.04M shares | |
| 14 holders · as of Sep 15, 2026 | |||
| Other | 0.20% | 80.8K shares | |
| remainder | |||
40.74M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Mirae Asset Global Etfs Holdings Ltd.Institution | 9.65% | 3.93M | as of Jun 30, 2026 |
Global X Management CO LLCInstitution | 8.88% | 3.62M | filed May 15, 2026 |
BlackRock, Inc.Institution | 8.57% | 3.49M | as of Jun 30, 2026 |
D. E. Shaw & Co., L.P.Institution | 6.37% | 2.59M | filed Feb 17, 2026 |
FMR LLCInstitution | 5.21% | 2.12M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 14, 2026 | Mary Kristin Glazner | officer: Chief Administrative Officer | −10,000 | $12.25 |
- Douglas Dynamics
Work-truck body and upfit peer through Dejana and Henderson
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Wabash National | $12.08 | +2.42% | $480.3M | — | — | 0.3 | −9.1% |
| Douglas Dynamics | $40.25 | +0.90% | $922.5M | 18.1 | 12.5 | 1.3 | +10.5% |
| Median | 18.1 | 12.5 | 1.3 | +10.5% |