New York State Teachers Retirement System Sells 10,058 Shares of Wabash National Co. (NYSE:WNC)

New York State Teachers Retirement System cut its stake in shares of Wabash National Co. (NYSE:WNC) by 20.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 39,637 shares of the company’s stock after selling 10,058 shares during the quarter. New York State Teachers Retirement System owned 0.09% of Wabash National worth $679,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Gladius Capital Management LP bought a new stake in shares of Wabash National in the 3rd quarter worth approximately $29,000. Meeder Asset Management Inc. bought a new stake in shares of Wabash National in the 3rd quarter worth approximately $44,000. EMC Capital Management lifted its holdings 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 worth $141,000 after acquiring an additional 3,864 shares during the last quarter. HighTower Advisors LLC bought a new stake in shares of Wabash National in the 3rd quarter worth approximately $192,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Wabash National in the 3rd quarter worth approximately $203,000. 97.05% of the stock is currently owned by institutional investors.

Insider Transactions at Wabash National

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

Wabash National Stock Down 3.7 %

Shares of NYSE WNC opened at $12.11 on Monday. The company has a quick ratio of 1.09, a current ratio of 1.93 and a debt-to-equity ratio of 2.10. Wabash National Co. has a 52 week low of $11.99 and a 52 week high of $30.07. The firm’s fifty day moving average is $15.66 and its 200 day moving average is $17.80. 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 issued its 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 quarter in the previous year, the company earned $1.07 earnings per share. On average, equities research analysts expect that Wabash National Co. will post 0.94 earnings per share for the current year.

Wabash National Dividend Announcement

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