TIAA CREF Investment Management LLC Sells 18,224 Shares of Wabash National Corporation (NYSE:WNC)

TIAA CREF Investment Management LLC reduced its stake in shares of Wabash National Corporation (NYSE:WNC) by 8.3% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 201,822 shares of the company’s stock after selling 18,224 shares during the period. TIAA CREF Investment Management LLC owned about 0.34% of Wabash National Corporation worth $4,176,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Ameritas Investment Partners Inc. bought a new stake in shares of Wabash National Corporation during the first quarter valued at approximately $108,000. TrimTabs Asset Management LLC raised its stake in shares of Wabash National Corporation by 88.9% in the first quarter. TrimTabs Asset Management LLC now owns 7,479 shares of the company’s stock valued at $155,000 after buying an additional 3,520 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Wabash National Corporation by 4.5% in the fourth quarter. Envestnet Asset Management Inc. now owns 13,930 shares of the company’s stock valued at $221,000 after buying an additional 596 shares during the last quarter. UBS Asset Management Americas Inc. raised its stake in shares of Wabash National Corporation by 1.5% in the first quarter. UBS Asset Management Americas Inc. now owns 13,397 shares of the company’s stock valued at $277,000 after buying an additional 200 shares during the last quarter. Finally, Quantbot Technologies LP bought a new stake in shares of Wabash National Corporation during the first quarter valued at approximately $278,000.

Wabash National Corporation (NYSE:WNC) traded up 0.74% on Friday, hitting $20.51. 329,329 shares of the stock were exchanged. Wabash National Corporation has a 52 week low of $10.74 and a 52 week high of $24.16. The company has a market cap of $1.21 billion, a PE ratio of 13.22 and a beta of 1.78. The company’s 50-day moving average is $21.11 and its 200-day moving average is $21.01.

Wabash National Corporation (NYSE:WNC) last announced its quarterly earnings results on Tuesday, July 25th. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by $0.05. Wabash National Corporation had a return on equity of 20.76% and a net margin of 5.77%. The business had revenue of $435.90 million during the quarter, compared to the consensus estimate of $436.85 million. During the same quarter last year, the company earned $0.55 earnings per share. The firm’s revenue was down 7.5% compared to the same quarter last year. On average, analysts predict that Wabash National Corporation will post $1.46 earnings per share for the current year.

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Several equities research analysts have commented on WNC shares. Aegis boosted their target price on shares of Wabash National Corporation from $27.00 to $29.00 and gave the stock a “buy” rating in a research report on Thursday, August 10th. Craig Hallum upgraded shares of Wabash National Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, August 10th. BidaskClub upgraded shares of Wabash National Corporation from a “hold” rating to a “buy” rating in a research report on Monday, July 24th. Zacks Investment Research upgraded shares of Wabash National Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $20.00 price objective on shares of Wabash National Corporation in a research report on Friday, July 7th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $20.57.

Wabash National Corporation Company Profile

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.

Institutional Ownership by Quarter for Wabash National Corporation (NYSE:WNC)

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