Louisiana State Employees Retirement System Takes Position in Wabash National Co. (NYSE:WNC)

Louisiana State Employees Retirement System bought a new stake in Wabash National Co. (NYSE:WNC) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 23,100 shares of the company’s stock, valued at approximately $592,000.

Other institutional investors have also modified their holdings of the company. Mutual of America Capital Management LLC acquired a new stake in Wabash National during the fourth quarter worth about $207,000. Kendall Capital Management raised its stake in Wabash National by 55.8% during the fourth quarter. Kendall Capital Management now owns 21,520 shares of the company’s stock worth $551,000 after acquiring an additional 7,710 shares during the period. Wakefield Asset Management LLLP raised its stake in Wabash National by 11.5% during the fourth quarter. Wakefield Asset Management LLLP now owns 31,302 shares of the company’s stock worth $802,000 after acquiring an additional 3,240 shares during the period. Pacer Advisors Inc. acquired a new stake in Wabash National during the fourth quarter worth about $35,491,000. Finally, Klein Pavlis & Peasley Financial Inc. acquired a new stake in Wabash National during the fourth quarter worth about $1,153,000. Institutional investors and hedge funds own 97.05% of the company’s stock.

Wabash National Price Performance

NYSE WNC opened at $24.61 on Monday. Wabash National Co. has a 52 week low of $20.09 and a 52 week high of $30.07. The company has a current ratio of 1.87, a quick ratio of 1.17 and a debt-to-equity ratio of 0.73. The stock has a market cap of $1.11 billion, a price-to-earnings ratio of 5.92 and a beta of 1.58. The company has a 50-day moving average price of $27.26 and a two-hundred day moving average price of $24.97.

Wabash National (NYSE:WNC) last posted its earnings results on Wednesday, April 24th. The company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.06). Wabash National had a return on equity of 37.84% and a net margin of 8.15%. The firm had revenue of $515.28 million during the quarter. Analysts forecast that Wabash National Co. will post 2.19 EPS for the current year.

Wabash National Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 25th. Shareholders of record on Thursday, April 4th were given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 1.30%. The ex-dividend date was Wednesday, April 3rd. Wabash National’s dividend payout ratio (DPR) is 7.69%.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Wabash National from a “buy” rating to a “hold” rating in a research note on Friday.

Insiders Place Their Bets

In other news, Director Priyadarshi Sudhanshu sold 1,010 shares of the stock in a transaction that occurred on Tuesday, February 27th. The shares were 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 directly owns 6,386 shares in the company, valued at $172,805.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Larry J. Magee sold 3,086 shares of the stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $26.50, for a total value of $81,779.00. Following the completion of the transaction, the director now directly owns 114,146 shares in the company, valued at $3,024,869. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Priyadarshi Sudhanshu sold 1,010 shares of the stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $27.06, for a total transaction of $27,330.60. Following the completion of the transaction, the director now owns 6,386 shares of the company’s stock, valued at $172,805.16. The disclosure for this sale can be found here. 1.13% of the stock is owned by insiders.

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.