1,499,579 Shares in Wabash National Co. (NYSE:WNC) Bought by Pacer Advisors Inc.

Pacer Advisors Inc. bought a new stake in Wabash National Co. (NYSE:WNC) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,499,579 shares of the company’s stock, valued at approximately $25,688,000. Pacer Advisors Inc. owned about 3.46% of Wabash National as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Kathleen S. Wright Associates Inc. purchased a new stake in shares of Wabash National in the 3rd quarter worth about $27,000. Gladius Capital Management LP acquired a new stake in shares of Wabash National in the third quarter valued at approximately $29,000. Mackenzie Financial Corp increased its stake in shares of Wabash National by 15.6% during the 2nd quarter. Mackenzie Financial Corp now owns 12,431 shares of the company’s stock worth $271,000 after purchasing an additional 1,677 shares in the last quarter. Inspire Investing LLC raised its position in shares of Wabash National by 8.7% during the 4th quarter. Inspire Investing LLC now owns 23,313 shares of the company’s stock worth $399,000 after purchasing an additional 1,860 shares during the last quarter. Finally, Quantinno Capital Management LP lifted its stake in Wabash National by 18.1% in the 3rd quarter. Quantinno Capital Management LP now owns 14,524 shares of the company’s stock valued at $279,000 after buying an additional 2,227 shares in the last quarter. Hedge funds and other institutional investors own 97.05% of the company’s stock.

Analysts Set New Price Targets

Separately, DA Davidson reissued a “neutral” rating and set a $18.00 price target on shares of Wabash National in a research report on Monday, September 30th.

Insiders Place Their Bets

In other Wabash National news, SVP Michael N. Pettit sold 1,500 shares of the stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $17.19, for a total transaction of $25,785.00. Following the transaction, the senior vice president now owns 117,227 shares of the company’s stock, valued at $2,015,132.13. This represents a 1.26 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 1.78% of the stock is owned by corporate insiders.

Wabash National Stock Down 2.3 %

NYSE:WNC opened at $15.24 on Tuesday. Wabash National Co. has a 12-month low of $15.15 and a 12-month high of $30.07. The company’s 50-day moving average is $17.89 and its two-hundred day moving average is $18.86. The company has a debt-to-equity ratio of 1.97, a quick ratio of 1.12 and a current ratio of 1.88.

Wabash National Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 30th. Investors of record on Friday, January 10th will be given a dividend of $0.08 per share. The ex-dividend date is Friday, January 10th. This represents a $0.32 dividend on an annualized basis and a yield of 2.10%. Wabash National’s dividend payout ratio (DPR) is currently -5.89%.

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.