New York State Teachers Retirement System Cuts Stock Position in Wabash National Co. (NYSE:WNC)

New York State Teachers Retirement System trimmed its position in shares of Wabash National Co. (NYSE:WNC) by 20.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 39,637 shares of the company’s stock after selling 10,058 shares during the quarter. New York State Teachers Retirement System’s holdings in Wabash National were worth $679,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in WNC. Polaris Capital Management LLC lifted its stake in shares of Wabash National by 28.3% in the 4th quarter. Polaris Capital Management LLC now owns 97,800 shares of the company’s stock valued at $1,675,000 after purchasing an additional 21,600 shares during the last quarter. Entropy Technologies LP acquired a new position in shares of Wabash National in the 4th quarter valued at $219,000. EMC Capital Management lifted its stake in shares of Wabash National by 88.1% in the 4th quarter. EMC Capital Management now owns 8,250 shares of the company’s stock valued at $141,000 after purchasing an additional 3,864 shares during the last quarter. Pacer Advisors Inc. acquired a new position in shares of Wabash National in the 4th quarter valued at $25,688,000. Finally, Exchange Traded Concepts LLC lifted its stake in shares of Wabash National by 6.1% in the 4th quarter. Exchange Traded Concepts LLC now owns 71,206 shares of the company’s stock valued at $1,220,000 after purchasing an additional 4,064 shares during the last quarter. 97.05% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Wabash National

In other news, SVP Michael N. Pettit sold 1,500 shares of the business’s stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $17.19, for a total value of $25,785.00. Following the completion of the transaction, the senior vice president now directly owns 117,227 shares of the company’s stock, valued at $2,015,132.13. The trade was a 1.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 1.78% of the company’s stock.

Wabash National Price Performance

Shares of NYSE WNC opened at $12.11 on Monday. The stock’s 50-day moving average is $15.66 and its two-hundred day moving average is $17.80. The company has a debt-to-equity ratio of 2.10, a current ratio of 1.93 and a quick ratio of 1.09. Wabash National Co. has a 1-year low of $11.99 and a 1-year high of $30.07. The company has a market cap of $513.86 million, a price-to-earnings ratio of -1.86 and a beta of 1.55.

Wabash National (NYSE:WNC) last released its quarterly earnings results on Wednesday, January 29th. The company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.04). Wabash National had a positive return on equity of 14.72% and a negative net margin of 14.59%. During the same period last year, the business posted $1.07 EPS. Analysts forecast that Wabash National Co. will post 0.94 EPS for the current fiscal year.

Wabash National Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 24th. Stockholders of record on Thursday, April 3rd will be issued a $0.08 dividend. The ex-dividend date is Thursday, April 3rd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.64%. Wabash National’s dividend payout ratio (DPR) is -4.91%.

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.