Illinois Municipal Retirement Fund Decreases Position in Wabash National Co. (NYSE:WNC)

Illinois Municipal Retirement Fund decreased its stake in Wabash National Co. (NYSE:WNC) by 10.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,557 shares of the company’s stock after selling 2,904 shares during the period. Illinois Municipal Retirement Fund owned approximately 0.06% of Wabash National worth $655,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. EMC Capital Management bought a new position in Wabash National in the 3rd quarter worth approximately $129,000. DekaBank Deutsche Girozentrale boosted its stake 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 purchasing an additional 5,192 shares in the last quarter. Mutual of America Capital Management LLC bought a new position in Wabash National during the 4th quarter valued at $207,000. Mackenzie Financial Corp bought a new position in Wabash National during the 4th quarter valued at $237,000. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new position in Wabash National during the 3rd quarter valued at $239,000. Institutional investors and hedge funds own 97.05% of the company’s stock.

Wabash National Price Performance

WNC opened at $24.05 on Tuesday. The stock has a fifty day moving average of $27.21 and a 200-day moving average of $24.99. The firm has a market capitalization of $1.08 billion, a P/E ratio of 5.78 and a beta of 1.58. Wabash National Co. has a 12-month low of $20.09 and a 12-month high of $30.07. 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 announced its quarterly earnings data on Wednesday, April 24th. The company reported $0.39 earnings per share (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 for the quarter. Equities analysts forecast that Wabash National Co. will post 2.19 EPS for the current fiscal year.

Wabash National Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 25th. Shareholders of record on Thursday, April 4th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Wednesday, April 3rd. This represents a $0.32 annualized dividend and a yield of 1.33%. Wabash National’s dividend payout ratio (DPR) is currently 7.69%.

Insider Buying and Selling at Wabash National

In other Wabash National 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 transaction, the director now directly owns 6,386 shares in the company, valued at $172,805.16. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, Director Larry J. Magee sold 3,086 shares of Wabash National 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 sale, the director now directly owns 114,146 shares of the company’s stock, valued at $3,024,869. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Priyadarshi Sudhanshu sold 1,010 shares of Wabash National 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 approximately $172,805.16. The disclosure for this sale can be found here. Corporate insiders own 1.78% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.