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

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New York State Teachers Retirement System decreased its position in shares of Wabash National Co. (NYSE:WNC) by 7.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,932 shares of the company’s stock after selling 5,600 shares during the quarter. New York State Teachers Retirement System owned 0.12% of Wabash National worth $700,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the company. Advisor Group Inc. boosted its stake in shares of Wabash National by 67.6% during the 4th quarter. Advisor Group Inc. now owns 3,395 shares of the company’s stock worth $49,000 after acquiring an additional 1,369 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of Wabash National by 5.3% during the 1st quarter. Thrivent Financial for Lutherans now owns 45,335 shares of the company’s stock worth $327,000 after acquiring an additional 2,264 shares in the last quarter. Verus Capital Partners LLC boosted its stake in shares of Wabash National by 602.0% during the 1st quarter. Verus Capital Partners LLC now owns 3,510 shares of the company’s stock worth $25,000 after acquiring an additional 3,010 shares in the last quarter. Prime Capital Investment Advisors LLC purchased a new stake in shares of Wabash National during the 1st quarter worth approximately $29,000. Finally, Advisor Group Holdings Inc. purchased a new stake in shares of Wabash National during the 1st quarter worth approximately $30,000.

Shares of Wabash National stock opened at $11.39 on Friday. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.17 and a quick ratio of 1.23. Wabash National Co. has a 1 year low of $6.26 and a 1 year high of $16.68. The company has a market capitalization of $659.83 million, a P/E ratio of -9.41 and a beta of 2.02. The business has a 50 day moving average price of $10.59 and a 200 day moving average price of $9.99.

Wabash National (NYSE:WNC) last issued its quarterly earnings results on Thursday, May 14th. The company reported ($0.04) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.01). The business had revenue of $387.07 million during the quarter, compared to analyst estimates of $378.00 million. Wabash National had a negative net margin of 3.34% and a positive return on equity of 9.08%. As a group, research analysts expect that Wabash National Co. will post -0.4 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 23rd. Shareholders of record on Thursday, July 2nd were issued a $0.08 dividend. The ex-dividend date was Wednesday, July 1st. This represents a $0.32 annualized dividend and a yield of 2.81%. Wabash National’s dividend payout ratio (DPR) is presently 19.75%.

Several equities research analysts have recently commented on WNC shares. ValuEngine raised Wabash National from a “sell” rating to a “hold” rating in a research note on Friday, April 17th. Zacks Investment Research restated a “sell” rating on shares of Wabash National in a research report on Saturday, June 20th. Raymond James lifted their price objective on Wabash National from $13.00 to $15.00 and gave the stock a “strong-buy” rating in a research report on Thursday. Finally, TheStreet downgraded Wabash National from a “c” rating to a “d+” rating in a research report on Thursday, May 14th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $15.00.

Wabash National Profile

Wabash National Corporation designs, manufactures, and distributes transportation and diversified industrial products; and provides services primarily in the United States. The company operates through three segments: Commercial Trailer Products, Diversified Products, and Final Mile Products. The Commercial Trailer Products segment provides dry van trailers; platform trailers; refrigerated trailers; converter dollies, big tire haulers, steel coil haulers, and RoadRailer trailers; aftermarket parts and services; and used trailers.

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Institutional Ownership by Quarter for Wabash National (NYSE:WNC)

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