Empower Advisory Group LLC lifted its stake in shares of Werner Enterprises, Inc. (NASDAQ:WERN - Free Report) by 4.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 362,786 shares of the transportation company's stock after purchasing an additional 16,637 shares during the quarter. Empower Advisory Group LLC owned about 0.59% of Werner Enterprises worth $14,000,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Arizona State Retirement System grew its holdings in Werner Enterprises by 2.0% during the second quarter. Arizona State Retirement System now owns 16,879 shares of the transportation company's stock worth $605,000 after acquiring an additional 328 shares during the period. SummerHaven Investment Management LLC grew its holdings in Werner Enterprises by 2.5% during the second quarter. SummerHaven Investment Management LLC now owns 17,221 shares of the transportation company's stock worth $617,000 after acquiring an additional 414 shares during the period. GAMMA Investing LLC grew its holdings in 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 acquiring an additional 475 shares during the period. Massmutual Trust Co. FSB ADV grew its holdings in Werner Enterprises by 390.1% during the second quarter. Massmutual Trust Co. FSB ADV now owns 740 shares of the transportation company's stock worth $27,000 after acquiring an additional 589 shares during the period. Finally, Inspire Investing LLC grew its holdings in Werner Enterprises by 7.2% during the second quarter. Inspire Investing LLC now owns 9,820 shares of the transportation company's stock worth $352,000 after acquiring an additional 656 shares during the period. 89.32% of the stock is currently owned by institutional investors.
Werner Enterprises Stock Down 1.3 %
Shares of Werner Enterprises stock traded down $0.54 during trading on Thursday, hitting $40.21. 567,490 shares of the stock traded hands, compared to its average volume of 754,079. The stock has a market cap of $2.49 billion, a P/E ratio of 54.95, a PEG ratio of 16.27 and a beta of 0.80. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.49 and a current ratio of 1.53. Werner Enterprises, Inc. has a twelve month low of $33.12 and a twelve month high of $43.26. The company has a fifty day moving average price of $37.60 and a two-hundred day moving average price of $37.03.
Werner Enterprises (NASDAQ:WERN - Get Free Report) last posted its earnings results 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 return on equity of 3.58% and a net margin of 1.48%. The company had revenue of $745.70 million during the quarter, compared to analyst estimates of $765.24 million. During the same quarter last year, the firm posted $0.42 earnings per share. The firm's revenue for the quarter was down 8.8% compared to the same quarter last year. Equities research analysts predict that Werner Enterprises, Inc. will post 0.69 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
WERN has been the topic of a number of research analyst reports. TD Cowen lifted their target price on Werner Enterprises from $40.00 to $41.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. dropped their price target on Werner Enterprises from $37.00 to $34.00 and set an "underweight" rating on the stock in a research note on Wednesday, October 30th. Stifel Nicolaus dropped their price target on Werner Enterprises from $33.00 to $32.00 and set a "hold" rating on the stock in a research note on Monday, November 4th. Susquehanna dropped their price target on Werner Enterprises from $30.00 to $28.00 and set a "negative" rating on the stock in a research note on Friday, November 1st. Finally, 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. Seven investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $36.57.
View Our Latest Stock Report on WERN
About Werner Enterprises
(
Free Report)
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.
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