Werner Enterprises, Inc. (NASDAQ:WERN) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. lessened its holdings in shares of Werner Enterprises, Inc. (NASDAQ:WERN - Free Report) by 6.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 291,602 shares of the transportation company's stock after selling 21,487 shares during the period. Principal Financial Group Inc. owned approximately 0.47% of Werner Enterprises worth $11,253,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Sei Investments Co. lifted its stake in shares of Werner Enterprises by 2.4% in the first quarter. Sei Investments Co. now owns 31,599 shares of the transportation company's stock valued at $1,236,000 after purchasing an additional 744 shares during the period. ProShare Advisors LLC lifted its position in shares of Werner Enterprises by 4.6% during the 1st quarter. ProShare Advisors LLC now owns 14,913 shares of the transportation company's stock valued at $583,000 after acquiring an additional 659 shares during the period. State Board of Administration of Florida Retirement System boosted its stake in shares of Werner Enterprises by 62.5% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 29,387 shares of the transportation company's stock worth $1,150,000 after acquiring an additional 11,305 shares in the last quarter. Edgestream Partners L.P. acquired a new stake in shares of Werner Enterprises in the 1st quarter worth approximately $2,574,000. Finally, EntryPoint Capital LLC purchased a new position in Werner Enterprises in the 1st quarter valued at approximately $43,000. Hedge funds and other institutional investors own 89.32% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently commented on WERN. Barclays increased their price objective on shares of Werner Enterprises from $36.00 to $40.00 and gave the company an "equal weight" rating in a research note on Wednesday, November 13th. Stifel Nicolaus dropped their price objective on shares of Werner Enterprises from $33.00 to $32.00 and set a "hold" rating for the company in a research note on Monday, November 4th. Stephens cut their price objective on Werner Enterprises from $40.00 to $36.00 and set an "equal weight" rating for the company in a research report on Monday, August 5th. JPMorgan Chase & Co. lowered their target price on Werner Enterprises from $37.00 to $34.00 and set an "underweight" rating on the stock in a report on Wednesday, October 30th. Finally, Wells Fargo & Company cut their price target on Werner Enterprises from $38.00 to $35.00 and set an "underweight" rating for the company in a report on Wednesday, October 30th. Seven 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's stock. According to data from MarketBeat, Werner Enterprises has an average rating of "Hold" and a consensus target price of $36.57.

Werner Enterprises Trading Down 0.1 %

Shares of WERN stock traded down $0.03 during trading hours on Monday, hitting $39.59. 598,126 shares of the company were exchanged, compared to its average volume of 751,598. The firm has a fifty day moving average of $37.75 and a 200 day moving average of $37.12. The company has a quick ratio of 1.49, a current ratio of 1.53 and a debt-to-equity ratio of 0.48. Werner Enterprises, Inc. has a 1 year low of $33.12 and a 1 year high of $43.26. The firm has a market cap of $2.45 billion, a PE ratio of 54.27, a PEG ratio of 33.53 and a beta of 0.80.

Werner Enterprises (NASDAQ:WERN - Get Free Report) last posted 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). Werner Enterprises had a return on equity of 3.58% and a net margin of 1.48%. The company had revenue of $745.70 million for the quarter, compared to analysts' expectations of $765.24 million. During the same period in the prior year, the business earned $0.42 EPS. The business's revenue for the quarter was down 8.8% on a year-over-year basis. Analysts expect that Werner Enterprises, Inc. will post 0.69 earnings per share for the current year.

Werner Enterprises 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.