California State Teachers Retirement System Has $2.32 Million Holdings in Wabash National Corporation (WNC)
California State Teachers Retirement System lessened its holdings in Wabash National Corporation (NYSE:WNC) by 10.4% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 105,471 shares of the company’s stock after selling 12,258 shares during the period. California State Teachers Retirement System owned 0.18% of Wabash National Corporation worth $2,318,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Meeder Asset Management Inc. increased its stake in Wabash National Corporation by 390.1% in the 2nd quarter. Meeder Asset Management Inc. now owns 7,450 shares of the company’s stock worth $163,000 after buying an additional 5,930 shares in the last quarter. Ronna Sue Cohen purchased a new stake in Wabash National Corporation in the 2nd quarter worth $203,000. Hikari Power Ltd purchased a new stake in Wabash National Corporation in the 2nd quarter worth $209,000. US Bancorp DE increased its stake in Wabash National Corporation by 246.9% in the 2nd quarter. US Bancorp DE now owns 9,757 shares of the company’s stock worth $215,000 after buying an additional 6,944 shares in the last quarter. Finally, Trexquant Investment LP purchased a new stake in Wabash National Corporation in the 2nd quarter worth $235,000.
WNC has been the subject of a number of analyst reports. Aegis increased their price target on Wabash National Corporation from $27.00 to $29.00 and gave the stock a “buy” rating in a research note on Thursday, August 10th. Craig Hallum upgraded Wabash National Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, August 10th. ValuEngine lowered Wabash National Corporation from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 2nd. Zacks Investment Research upgraded Wabash National Corporation from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research report on Wednesday, September 27th. Finally, BidaskClub upgraded Wabash National Corporation from a “hold” rating to a “buy” rating in a research report on Monday, July 24th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $22.86.
Wabash National Corporation (NYSE:WNC) opened at $19.84 on Monday. The firm has a market capitalization of $1,170.13, a PE ratio of 14.17, a PEG ratio of 0.69 and a beta of 1.71. The company has a current ratio of 2.03, a quick ratio of 1.18 and a debt-to-equity ratio of 1.04. Wabash National Corporation has a 12-month low of $12.37 and a 12-month high of $24.16.
Wabash National Corporation (NYSE:WNC) last announced its quarterly earnings results on Tuesday, October 31st. The company reported $0.34 EPS for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.05). Wabash National Corporation had a net margin of 5.05% and a return on equity of 18.42%. The business had revenue of $425.10 million during the quarter, compared to the consensus estimate of $449.05 million. During the same period in the previous year, the business posted $0.50 EPS. The firm’s revenue was down 8.4% on a year-over-year basis. sell-side analysts forecast that Wabash National Corporation will post 1.35 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, October 26th. Investors of record on Thursday, October 5th were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date was Wednesday, October 4th. Wabash National Corporation’s payout ratio is 17.91%.
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About Wabash National Corporation
Wabash National Corporation is a diversified industrial manufacturer and producer of semi-trailers and liquid transportation systems. The Company’s segments include Commercial Trailer Products; Diversified Products, and Corporate and Eliminations segment. The Company designs, manufactures and markets a range of products, including dry freight and refrigerated trailers, platform trailers, bulk tank trailers, dry and refrigerated truck bodies, truck-mounted tanks, intermodal equipment, aircraft refueling equipment, structural composite panels and products, trailer aerodynamic solutions, and specialty food grade and pharmaceutical equipment.
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