Teton Advisors Inc. trimmed its holdings in shares of Wabash National Co. (NYSE:WNC – Free Report) by 1.5% in the fourth quarter, Holdings Channel reports. The firm owned 51,200 shares of the company’s stock after selling 800 shares during the period. Teton Advisors Inc.’s holdings in Wabash National were worth $1,312,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently modified their holdings of WNC. Gladius Capital Management LP acquired a new stake in shares of Wabash National during the 4th quarter worth about $36,000. Quadrant Capital Group LLC boosted its holdings in Wabash National by 61.3% during the 4th quarter. Quadrant Capital Group LLC now owns 1,486 shares of the company’s stock valued at $38,000 after acquiring an additional 565 shares during the period. EMC Capital Management purchased a new position in Wabash National during the 3rd quarter valued at about $129,000. DekaBank Deutsche Girozentrale boosted its holdings in Wabash National by 124.4% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 9,365 shares of the company’s stock valued at $200,000 after acquiring an additional 5,192 shares during the period. Finally, Mutual of America Capital Management LLC purchased a new position in Wabash National during the 4th quarter valued at about $207,000. 97.05% of the stock is owned by institutional investors and hedge funds.
Wabash National Trading Down 3.9 %
Wabash National stock traded down $0.93 during midday trading on Tuesday, reaching $23.12. 828,312 shares of the stock traded hands, compared to its average volume of 616,471. The company has a 50-day simple moving average of $27.17 and a two-hundred day simple moving average of $25.00. Wabash National Co. has a 12-month low of $20.09 and a 12-month high of $30.07. The firm has a market cap of $1.04 billion, a PE ratio of 5.56 and a beta of 1.58. The company has a current ratio of 1.87, a quick ratio of 1.11 and a debt-to-equity ratio of 0.73.
Wabash National Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 25th. Stockholders of record on Thursday, April 4th were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.38%. The ex-dividend date was Wednesday, April 3rd. Wabash National’s payout ratio is presently 7.69%.
Insider Activity
In other news, Director Priyadarshi Sudhanshu sold 1,010 shares of Wabash National stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $27.06, for a total value of $27,330.60. Following the completion of the transaction, the director now owns 6,386 shares in the company, valued at approximately $172,805.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Priyadarshi Sudhanshu sold 1,010 shares of the firm’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 sale, the director now owns 6,386 shares of the company’s stock, valued at approximately $172,805.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Larry J. Magee sold 3,086 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $26.50, for a total value of $81,779.00. Following the sale, the director now directly owns 114,146 shares in the company, valued at approximately $3,024,869. The disclosure for this sale can be found here. Company insiders own 1.78% of the company’s stock.
Analysts Set New Price Targets
Separately, StockNews.com cut Wabash National from a “buy” rating to a “hold” rating in a report on Friday.
Check Out Our Latest Research Report on Wabash National
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.
Featured Articles
- Five stocks we like better than Wabash National
- Business Services Stocks Investing
- NXP Semiconductors Will Set a New High Soon: $300 in Sight
- What is the FTSE 100 index?
- Hilton Demonstrates Asset Light is Right for Investors
- Unveiling The Power Of VWAP: A Key Indicator For Traders
- Boston Scientific Bucks the Medtech Slow Down and Raises Outlook
Want to see what other hedge funds are holding WNC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wabash National Co. (NYSE:WNC – Free Report).
Receive News & Ratings for Wabash National Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wabash National and related companies with MarketBeat.com's FREE daily email newsletter.