Teton Advisors Inc. Reduces Holdings in Wabash National Co. (NYSE:WNC)

Teton Advisors Inc. trimmed its position in shares of Wabash National Co. (NYSE:WNC) by 1.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 51,200 shares of the company’s stock after selling 800 shares during the quarter. Teton Advisors Inc. owned 0.11% of Wabash National worth $1,312,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Gladius Capital Management LP purchased a new stake in shares of Wabash National during the fourth quarter valued at $36,000. Quadrant Capital Group LLC boosted its stake in shares of Wabash National by 61.3% during the fourth quarter. Quadrant Capital Group LLC now owns 1,486 shares of the company’s stock valued at $38,000 after purchasing an additional 565 shares during the period. EMC Capital Management purchased a new stake in shares of Wabash National during the third quarter valued at $129,000. Mutual of America Capital Management LLC purchased a new stake in shares of Wabash National during the fourth quarter valued at $207,000. Finally, Mackenzie Financial Corp purchased a new stake in shares of Wabash National during the fourth quarter valued at $237,000. 97.05% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Wabash National news, Director Larry J. Magee sold 3,086 shares of the business’s stock in a transaction dated 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Wabash National news, Director Priyadarshi Sudhanshu sold 1,010 shares of the business’s stock in a transaction dated 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Larry J. Magee sold 3,086 shares of the business’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $26.50, for a total transaction of $81,779.00. Following the completion of the transaction, the director now owns 114,146 shares of the company’s stock, valued at $3,024,869. The disclosure for this sale can be found here. 1.78% of the stock is currently owned by corporate insiders.

Wabash National Stock Down 3.9 %

NYSE:WNC traded down $0.93 during mid-day trading on Tuesday, reaching $23.12. The company’s stock had a trading volume of 828,312 shares, compared to its average volume of 616,471. Wabash National Co. has a 1 year low of $20.09 and a 1 year high of $30.07. The stock has a fifty day moving average of $27.17 and a 200-day moving average of $25.00. The firm has a market capitalization of $1.04 billion, a PE ratio of 5.56 and a beta of 1.58. The company has a quick ratio of 1.11, a current ratio of 1.87 and a debt-to-equity ratio of 0.73.

Wabash National (NYSE:WNC) last released its quarterly earnings data on Wednesday, April 24th. The company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.06). Wabash National had a return on equity of 37.84% and a net margin of 8.15%. The business had revenue of $515.28 million during the quarter. Equities research analysts forecast that Wabash National Co. will post 2.19 earnings per share for the current year.

Wabash National Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 25th. Shareholders of record on Thursday, April 4th were issued a $0.08 dividend. The ex-dividend date of this dividend was Wednesday, April 3rd. This represents a $0.32 dividend on an annualized basis and a yield of 1.38%. Wabash National’s dividend payout ratio is presently 7.69%.

Analyst Ratings Changes

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

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.