abrdn plc Sells 83,225 Shares of Werner Enterprises, Inc. (NASDAQ:WERN)

abrdn plc decreased its position in Werner Enterprises, Inc. (NASDAQ:WERN - Free Report) by 16.7% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 414,205 shares of the transportation company's stock after selling 83,225 shares during the period. abrdn plc owned about 0.67% of Werner Enterprises worth $14,878,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in WERN. GAMMA Investing LLC boosted its holdings in shares of Werner Enterprises by 145.7% during the third quarter. GAMMA Investing LLC now owns 801 shares of the transportation company's stock worth $31,000 after purchasing an additional 475 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of Werner Enterprises by 64.7% during the 4th quarter. Blue Trust Inc. now owns 1,308 shares of the transportation company's stock worth $50,000 after acquiring an additional 514 shares during the period. International Assets Investment Management LLC grew its holdings in Werner Enterprises by 2,390.3% in the third quarter. International Assets Investment Management LLC now owns 1,544 shares of the transportation company's stock valued at $60,000 after purchasing an additional 1,482 shares during the period. KBC Group NV increased its position in Werner Enterprises by 43.1% during the third quarter. KBC Group NV now owns 2,071 shares of the transportation company's stock worth $80,000 after purchasing an additional 624 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in Werner Enterprises during the third quarter worth approximately $96,000. Hedge funds and other institutional investors own 89.32% of the company's stock.

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Analyst Ratings Changes

WERN has been the topic of several research reports. TD Cowen increased their target price on Werner Enterprises from $40.00 to $41.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. Wells Fargo & Company reduced their price target on shares of Werner Enterprises from $36.00 to $34.00 and set an "underweight" rating on the stock in a research report on Friday. Evercore ISI dropped 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 research report on Wednesday, October 30th. Morgan Stanley dropped their target price on Werner Enterprises from $55.00 to $52.00 and set an "overweight" rating on the stock in a report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Werner Enterprises from $37.00 to $34.00 and set an "underweight" rating for the company in a report on Wednesday, October 30th. Six investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $37.29.

Werner Enterprises Stock Up 2.3 %

Shares of NASDAQ:WERN traded up $0.81 during trading on Tuesday, hitting $35.35. 962,733 shares of the company's stock traded hands, compared to its average volume of 761,535. The company has a current ratio of 1.53, a quick ratio of 1.49 and a debt-to-equity ratio of 0.48. Werner Enterprises, Inc. has a 52 week low of $33.12 and a 52 week high of $42.48. The company has a 50-day moving average price of $36.73 and a 200-day moving average price of $37.49. The company has a market cap of $2.18 billion, a price-to-earnings ratio of 64.27, a price-to-earnings-growth ratio of 15.58 and a beta of 0.84.

Werner Enterprises (NASDAQ:WERN - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.15). Werner Enterprises had a net margin of 1.13% and a return on equity of 2.26%. As a group, research analysts forecast that Werner Enterprises, Inc. will post 1.31 EPS for the current fiscal 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.