New York State Teachers Retirement System Sells 4,507 Shares of Wabash National Co. (NYSE:WNC)

New York State Teachers Retirement System cut its holdings in shares of Wabash National Co. (NYSE:WNC) by 8.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 49,518 shares of the company’s stock after selling 4,507 shares during the quarter. New York State Teachers Retirement System owned about 0.11% of Wabash National worth $1,269,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in WNC. Pacer Advisors Inc. bought a new stake in shares of Wabash National during the 4th quarter worth about $35,491,000. Klein Pavlis & Peasley Financial Inc. acquired a new position in Wabash National in the 4th quarter valued at $1,153,000. Range Financial Group LLC grew its holdings in Wabash National by 3.8% in the 4th quarter. Range Financial Group LLC now owns 24,700 shares of the company’s stock valued at $633,000 after buying an additional 911 shares in the last quarter. Exchange Traded Concepts LLC increased its position in Wabash National by 1.4% during the 4th quarter. Exchange Traded Concepts LLC now owns 31,423 shares of the company’s stock worth $805,000 after buying an additional 447 shares during the period. Finally, B. Riley Wealth Advisors Inc. bought a new stake in shares of Wabash National in the third quarter valued at about $1,595,000. Institutional investors own 97.05% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Wabash National from a “hold” rating to a “buy” rating in a research note on Thursday.

Insider Buying and Selling

In other Wabash National news, Director Priyadarshi Sudhanshu sold 1,010 shares of the business’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $27.06, for a total transaction of $27,330.60. Following the completion of the transaction, the director now owns 6,386 shares of the company’s stock, valued at $172,805.16. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, Director Larry J. Magee sold 3,086 shares of the business’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $26.50, for a total transaction of $81,779.00. Following the sale, the director now owns 114,146 shares in the company, valued at approximately $3,024,869. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Priyadarshi Sudhanshu sold 1,010 shares of Wabash National stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $27.06, for a total value of $27,330.60. Following the sale, the director now directly owns 6,386 shares in the company, valued at $172,805.16. The disclosure for this sale can be found here. 1.13% of the stock is owned by corporate insiders.

Wabash National Price Performance

Shares of NYSE WNC opened at $25.90 on Thursday. The stock has a market capitalization of $1.17 billion, a PE ratio of 5.38 and a beta of 1.58. Wabash National Co. has a fifty-two week low of $20.09 and a fifty-two week high of $30.07. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.93 and a quick ratio of 1.17. The business has a fifty day moving average price of $27.41 and a two-hundred day moving average price of $24.78.

Wabash National (NYSE:WNC) last posted its quarterly earnings data on Thursday, February 1st. The company reported $1.07 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.18. The business had revenue of $596.10 million during the quarter, compared to analysts’ expectations of $633.68 million. Wabash National had a net margin of 9.12% and a return on equity of 46.87%. Wabash National’s revenue was down 9.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.84 earnings per share. As a group, equities analysts predict that Wabash National Co. will post 2.19 earnings per share for the current fiscal year.

Wabash National Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 25th. Stockholders of record on Thursday, April 4th will be issued a dividend of $0.08 per share. The ex-dividend date is Wednesday, April 3rd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.24%. Wabash National’s dividend payout ratio (DPR) is currently 6.65%.

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.