Victory Capital Management Inc. Has $135.61 Million Holdings in Werner Enterprises, Inc. (NASDAQ:WERN)

Victory Capital Management Inc. lessened its holdings in shares of Werner Enterprises, Inc. (NASDAQ:WERN - Free Report) by 4.9% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 3,514,066 shares of the transportation company's stock after selling 180,120 shares during the period. Victory Capital Management Inc. owned approximately 5.69% of Werner Enterprises worth $135,608,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in WERN. First Eagle Investment Management LLC increased its holdings in shares of Werner Enterprises by 34.9% during the 1st quarter. First Eagle Investment Management LLC now owns 327,948 shares of the transportation company's stock worth $12,829,000 after purchasing an additional 84,800 shares during the period. AQR Capital Management LLC increased its stake in Werner Enterprises by 65.5% during the second quarter. AQR Capital Management LLC now owns 879,371 shares of the transportation company's stock valued at $31,455,000 after acquiring an additional 348,154 shares during the period. Raymond James & Associates raised its holdings in Werner Enterprises by 14.8% in the 2nd quarter. Raymond James & Associates now owns 252,504 shares of the transportation company's stock valued at $9,047,000 after acquiring an additional 32,503 shares in the last quarter. Jane Street Group LLC lifted its position in shares of Werner Enterprises by 90.8% in the 1st quarter. Jane Street Group LLC now owns 176,164 shares of the transportation company's stock worth $6,892,000 after acquiring an additional 83,819 shares during the period. Finally, American Century Companies Inc. grew its holdings in shares of Werner Enterprises by 15.5% during the 2nd quarter. American Century Companies Inc. now owns 1,506,663 shares of the transportation company's stock worth $53,984,000 after purchasing an additional 201,843 shares in the last quarter. Institutional investors own 89.32% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently commented on WERN. Wells Fargo & Company cut their target price on Werner Enterprises from $38.00 to $35.00 and set an "underweight" rating for the company in a research note on Wednesday, October 30th. Evercore ISI reduced their price objective on shares of Werner Enterprises from $35.00 to $32.00 and set an "in-line" rating for the company in a report on Wednesday, October 30th. Stephens lowered their target price on shares of Werner Enterprises from $40.00 to $36.00 and set an "equal weight" rating on the stock in a research note on Monday, August 5th. Morgan Stanley cut their price target on shares of Werner Enterprises from $55.00 to $52.00 and set an "overweight" rating for the company in a research note on Wednesday, October 30th. Finally, Barclays upped their price objective on Werner Enterprises from $36.00 to $40.00 and gave the company an "equal weight" rating in a research note on Wednesday. Seven equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $36.57.

Werner Enterprises Price Performance

Shares of NASDAQ:WERN traded down $0.64 during midday trading on Wednesday, reaching $40.75. The company's stock had a trading volume of 695,739 shares, compared to its average volume of 754,927. The business's fifty day simple moving average is $37.60 and its 200-day simple moving average is $37.03. 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. The company has a market capitalization of $2.52 billion, a P/E ratio of 55.82, a P/E/G ratio of 16.27 and a beta of 0.80.

Werner Enterprises (NASDAQ:WERN - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The transportation company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.06). Werner Enterprises had a net margin of 1.48% and a return on equity of 3.58%. The company had revenue of $745.70 million during the quarter, compared to analyst estimates of $765.24 million. During the same quarter in the previous year, the business posted $0.42 EPS. The company's revenue was down 8.8% compared to the same quarter last year. As a group, equities research analysts expect that Werner Enterprises, Inc. will post 0.69 EPS for the current fiscal year.

About Werner Enterprises

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.