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

New York State Teachers Retirement System trimmed its holdings in shares of Wabash National Co. (NYSE:WNC) by 5.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 49,695 shares of the company’s stock after selling 2,781 shares during the period. New York State Teachers Retirement System owned approximately 0.11% of Wabash National worth $954,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of WNC. Kathleen S. Wright Associates Inc. bought a new position in Wabash National during the 3rd quarter valued at about $27,000. Innealta Capital LLC purchased a new position in shares of Wabash National during the 2nd quarter valued at $33,000. Point72 Hong Kong Ltd bought a new stake in Wabash National during the 2nd quarter valued at approximately $34,000. CWM LLC boosted its position in shares of Wabash National by 353.5% during the second quarter. CWM LLC now owns 2,272 shares of the company’s stock worth $50,000 after acquiring an additional 1,771 shares during the last quarter. Finally, Canada Pension Plan Investment Board purchased a new position in shares of Wabash National during the second quarter valued at about $66,000. 97.05% of the stock is currently owned by institutional investors.

Wabash National Trading Up 2.5 %

Shares of WNC opened at $19.81 on Friday. The stock has a market capitalization of $858.51 million, a PE ratio of -3.65 and a beta of 1.54. The company’s fifty day moving average is $18.59 and its 200 day moving average is $20.43. The company has a debt-to-equity ratio of 1.97, a quick ratio of 1.12 and a current ratio of 1.88. Wabash National Co. has a fifty-two week low of $15.94 and a fifty-two week high of $30.07.

Wabash National (NYSE:WNC) last posted its earnings results on Thursday, October 24th. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.04). Wabash National had a positive return on equity of 22.98% and a negative net margin of 10.94%. The business had revenue of $464.00 million during the quarter, compared to the consensus estimate of $477.35 million. During the same quarter last year, the firm earned $1.16 earnings per share. The business’s quarterly revenue was down 26.7% on a year-over-year basis. Sell-side analysts expect that Wabash National Co. will post 1.29 earnings per share for the current fiscal year.

Wabash National Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Thursday, October 10th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date of this dividend was Thursday, October 10th. Wabash National’s payout ratio is currently -5.89%.

Analyst Ratings Changes

Separately, DA Davidson reiterated a “neutral” rating and issued a $18.00 target price on shares of Wabash National in a research report on Monday, September 30th.

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.