Werner Enterprises, Inc. (NASDAQ:WERN) Shares Sold by GSA Capital Partners LLP

GSA Capital Partners LLP lessened its holdings in Werner Enterprises, Inc. (NASDAQ:WERN - Free Report) by 16.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 65,938 shares of the transportation company's stock after selling 13,126 shares during the period. GSA Capital Partners LLP owned about 0.11% of Werner Enterprises worth $2,545,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of WERN. BNP Paribas Financial Markets increased its stake in Werner Enterprises by 59.3% during the 1st quarter. BNP Paribas Financial Markets now owns 33,188 shares of the transportation company's stock worth $1,298,000 after buying an additional 12,355 shares in the last quarter. Texas Permanent School Fund Corp boosted its holdings in shares of Werner Enterprises by 1.4% during the 1st quarter. Texas Permanent School Fund Corp now owns 55,526 shares of the transportation company's stock worth $2,172,000 after purchasing an additional 762 shares during the last quarter. Sei Investments Co. boosted its holdings in shares of Werner Enterprises by 2.4% during the 1st quarter. Sei Investments Co. now owns 31,599 shares of the transportation company's stock worth $1,236,000 after purchasing an additional 744 shares during the last quarter. Headlands Technologies LLC acquired a new position in shares of Werner Enterprises during the 1st quarter worth approximately $84,000. Finally, ProShare Advisors LLC boosted its holdings 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 worth $583,000 after purchasing an additional 659 shares during the last quarter. 89.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on WERN shares. JPMorgan Chase & Co. decreased their price objective on Werner Enterprises from $37.00 to $34.00 and set an "underweight" rating on the stock in a report on Wednesday, October 30th. Stephens cut their target price on Werner Enterprises from $40.00 to $36.00 and set an "equal weight" rating on the stock in a research report on Monday, August 5th. Stifel Nicolaus cut their target price on Werner Enterprises from $33.00 to $32.00 and set a "hold" rating on the stock in a research report on Monday, November 4th. Citigroup started coverage on Werner Enterprises in a research report on Wednesday, October 9th. They issued a "sell" rating and a $34.00 target price on the stock. Finally, StockNews.com lowered Werner Enterprises from a "hold" rating to a "sell" rating in a research report on Tuesday, July 16th. Seven investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Werner Enterprises presently has a consensus rating of "Hold" and a consensus price target of $36.29.

Werner Enterprises Stock Performance

NASDAQ WERN traded down $0.41 during trading hours on Tuesday, hitting $41.39. The company had a trading volume of 843,788 shares, compared to its average volume of 755,198. 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 1-year low of $33.12 and a 1-year high of $43.26. The company has a market cap of $2.56 billion, a PE ratio of 57.26, a price-to-earnings-growth ratio of 15.98 and a beta of 0.80. The business has a 50 day moving average of $37.44 and a 200-day moving average of $36.96.

Werner Enterprises (NASDAQ:WERN - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The transportation company reported $0.15 earnings per share (EPS) 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 prior year, the company earned $0.42 EPS. The business's revenue was down 8.8% on a year-over-year basis. As a group, equities research analysts expect that Werner Enterprises, Inc. will post 0.69 EPS 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.