Raymond James & Associates Has $3.19 Million Stake in Werner Enterprises, Inc. (NASDAQ:WERN)

Raymond James & Associates cut its position in Werner Enterprises, Inc. (NASDAQ:WERN - Free Report) by 67.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 82,719 shares of the transportation company's stock after selling 169,785 shares during the quarter. Raymond James & Associates owned about 0.13% of Werner Enterprises worth $3,192,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Massmutual Trust Co. FSB ADV grew its position in Werner Enterprises by 390.1% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 740 shares of the transportation company's stock valued at $27,000 after buying an additional 589 shares in the last quarter. 1620 Investment Advisors Inc. bought a new position in shares of Werner Enterprises in the second quarter valued at approximately $29,000. Canada Pension Plan Investment Board acquired a new position in shares of Werner Enterprises during the second quarter valued at approximately $29,000. Quest Partners LLC acquired a new stake in Werner Enterprises in the second quarter worth approximately $30,000. Finally, GAMMA Investing LLC increased its position in shares of Werner Enterprises by 145.7% during the 3rd quarter. GAMMA Investing LLC now owns 801 shares of the transportation company's stock valued at $31,000 after purchasing an additional 475 shares during the period. Institutional investors own 89.32% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on WERN. Stifel Nicolaus lowered their target price on Werner Enterprises from $33.00 to $32.00 and set a "hold" rating on the stock in a report on Monday. TD Cowen raised their price objective on Werner Enterprises from $40.00 to $41.00 and gave the stock a "buy" rating in a research note on Wednesday, October 30th. Morgan Stanley cut their target price on Werner Enterprises from $55.00 to $52.00 and set an "overweight" rating on the stock in a research report on Wednesday, October 30th. Wells Fargo & Company dropped their price target on Werner Enterprises from $38.00 to $35.00 and set an "underweight" rating on the stock in a research note on Wednesday, October 30th. Finally, StockNews.com lowered shares of Werner Enterprises from a "hold" rating to a "sell" rating in a research note on Tuesday, July 16th. Seven investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Werner Enterprises has an average rating of "Hold" and a consensus target price of $36.29.

Werner Enterprises Stock Up 2.1 %

NASDAQ:WERN traded up $0.78 during mid-day trading on Tuesday, reaching $38.09. The stock had a trading volume of 522,805 shares, compared to its average volume of 752,957. The stock has a market cap of $2.35 billion, a P/E ratio of 51.74, a PEG ratio of 13.80 and a beta of 0.80. The business's 50 day moving average is $37.10 and its 200 day moving average is $36.79. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.53 and a quick ratio of 1.49. Werner Enterprises, Inc. has a fifty-two week low of $33.12 and a fifty-two week high of $43.26.

Werner Enterprises (NASDAQ:WERN - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The transportation company reported $0.15 earnings per share for the quarter, missing analysts' consensus estimates of $0.21 by ($0.06). The business had revenue of $745.70 million for the quarter, compared to the consensus estimate of $765.24 million. Werner Enterprises had a net margin of 1.48% and a return on equity of 3.58%. The firm's revenue for the quarter was down 8.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.42 EPS. As a group, sell-side analysts predict that Werner Enterprises, Inc. will post 0.74 earnings per share for the current year.

Werner Enterprises Company Profile

Werner Enterprises, Inc, together with its subsidiaries, engages in transporting truckload shipments of general commodities in interstate and intrastate commerce in the United States, Mexico, and internationally. The company operates through two segments, Truckload Transportation Services and Werner Logistics.