Several other institutional investors have also recently made changes to their positions in the stock. Mitsubishi UFJ Trust & Banking Corp increased its position in shares of Werner Enterprises by 2.9% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 22,631 shares of the transportation company’s stock worth $851,000 after purchasing an additional 631 shares during the last quarter. Amalgamated Bank increased its position in shares of Werner Enterprises by 1.7% during the 3rd quarter. Amalgamated Bank now owns 39,969 shares of the transportation company’s stock worth $1,503,000 after purchasing an additional 658 shares during the last quarter. Boxwood Ventures Inc. increased its position in shares of Werner Enterprises by 79.5% during the 3rd quarter. Boxwood Ventures Inc. now owns 33,582 shares of the transportation company’s stock worth $1,267,000 after purchasing an additional 14,876 shares during the last quarter. Boston Partners increased its holdings in shares of Werner Enterprises by 21.7% during the 3rd quarter. Boston Partners now owns 461,444 shares of the transportation company’s stock worth $17,424,000 after acquiring an additional 82,124 shares during the last quarter. Finally, Dean Investment Associates LLC increased its holdings in shares of Werner Enterprises by 9.1% during the 3rd quarter. Dean Investment Associates LLC now owns 129,307 shares of the transportation company’s stock worth $4,862,000 after acquiring an additional 10,837 shares during the last quarter. Institutional investors and hedge funds own 83.95% of the company’s stock.
Werner Enterprises Stock Down 0.6 %
Shares of NASDAQ WERN opened at $46.75 on Friday. The company has a 50 day simple moving average of $44.22 and a 200 day simple moving average of $41.89. The firm has a market cap of $2.95 billion, a PE ratio of 12.50, a price-to-earnings-growth ratio of 3.47 and a beta of 0.86. Werner Enterprises, Inc. has a 1 year low of $35.84 and a 1 year high of $50.31. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.46 and a quick ratio of 2.42.
Werner Enterprises (NASDAQ:WERN – Get Rating) last released its quarterly earnings results on Tuesday, February 7th. The transportation company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.07. The firm had revenue of $861.50 million during the quarter, compared to analyst estimates of $862.51 million. Werner Enterprises had a net margin of 7.33% and a return on equity of 17.34%. The company’s revenue was up 12.6% compared to the same quarter last year. During the same quarter last year, the business earned $1.13 EPS. On average, research analysts forecast that Werner Enterprises, Inc. will post 3.21 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of research firms have commented on WERN. Barclays lifted their price objective on shares of Werner Enterprises from $48.00 to $54.00 and gave the stock an “overweight” rating in a research report on Monday, February 6th. Cowen upped their price objective on shares of Werner Enterprises from $43.00 to $53.00 and gave the company an “outperform” rating in a report on Wednesday, February 8th. Robert W. Baird upped their price objective on shares of Werner Enterprises from $49.00 to $54.00 and gave the company an “outperform” rating in a report on Wednesday, February 8th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Werner Enterprises from $57.00 to $56.00 and set a “buy” rating on the stock in a report on Thursday, February 9th. Finally, Citigroup upped their price objective on shares of Werner Enterprises from $42.00 to $48.00 and gave the company a “neutral” rating in a report on Wednesday, January 11th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Werner Enterprises has an average rating of “Hold” and an average price target of $49.06.
Werner Enterprises Company Profile
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Werner Enterprises, Inc engages in the provision of logistics services. It operates through the Truckload Transportation Services and Werner Logistics segments. The Truckload Transportation Services segment consists of one-way truckload and specialized services units such as the medium-to-long haul van fleet which provides a consumer non durable products and commodities in truckload quantities.
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