Wabash National Co. (NYSE:WNC) Shares Sold by Texas Permanent School Fund Corp

Wabash National Corporation (WNC) is a publicly traded company that operates in the transportation and logistics industry. The company was founded in 1887 and is headquartered in North Chicago, Illinois.

On August 25, 2021, it was reported that the Texas Permanent School Fund Corporation (TPSFC) had sold approximately 394,000 shares of Wabash National Co. stock for a total value of $67 million. The TPSFC is a state-owned investment fund that manages the endowment of the Texas public schools.

The sale of WNC shares by the TPSFC was made in accordance with its investment policies and guidelines, which prioritize long-term capital appreciation and preservation of the endowment's value. The TPSFC has a diversified portfolio that includes investments in stocks, bonds, real estate, and other assets.

It is worth noting that the sale of WNC shares by the TPSFC does not necessarily reflect any negative view of the company or its stock. Rather, it was likely made as part of the fund's ongoing efforts to optimize its portfolio and achieve its investment objectives.