Vident Investment Advisory LLC increased its position in shares of Werner Enterprises, Inc. (NASDAQ:WERN) by 6.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 86,799 shares of the transportation company’s stock after acquiring an additional 5,302 shares during the period. Vident Investment Advisory LLC owned approximately 0.12% of Werner Enterprises worth $3,355,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in WERN. ING Groep NV acquired a new position in Werner Enterprises during the third quarter worth about $201,000. Crossmark Global Holdings Inc. acquired a new position in Werner Enterprises during the third quarter worth about $203,000. Royal Bank of Canada grew its holdings in Werner Enterprises by 190.5% during the second quarter. Royal Bank of Canada now owns 7,430 shares of the transportation company’s stock worth $218,000 after acquiring an additional 4,872 shares during the period. Amalgamated Bank acquired a new position in Werner Enterprises during the third quarter worth about $234,000. Finally, Neuberger Berman Group LLC acquired a new position in Werner Enterprises during the third quarter worth about $236,000. 65.69% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts recently issued reports on the company. Robert W. Baird lifted their target price on Werner Enterprises from $41.00 to $43.00 and gave the stock a “neutral” rating in a report on Tuesday, January 30th. Credit Suisse Group lifted their target price on Werner Enterprises from $40.00 to $42.00 and gave the stock a “neutral” rating in a report on Tuesday, January 30th. Morgan Stanley lifted their target price on Werner Enterprises from $37.00 to $48.00 and gave the stock an “overweight” rating in a report on Tuesday, January 30th. Cowen reaffirmed an “underperform” rating and set a $36.00 target price (up from $30.00) on shares of Werner Enterprises in a report on Tuesday, January 30th. Finally, Wells Fargo lifted their target price on Werner Enterprises from $35.00 to $43.00 and gave the stock a “market perform” rating in a report on Wednesday, January 31st. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $39.87.
Werner Enterprises, Inc. (NASDAQ:WERN) opened at $39.10 on Friday. The firm has a market capitalization of $2,832.87, a PE ratio of 30.79, a P/E/G ratio of 1.36 and a beta of 0.98. Werner Enterprises, Inc. has a 12 month low of $24.20 and a 12 month high of $43.95. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.72 and a quick ratio of 1.67.
Werner Enterprises (NASDAQ:WERN) last issued its quarterly earnings results on Monday, January 29th. The transportation company reported $0.42 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.03. The firm had revenue of $567.37 million for the quarter, compared to analysts’ expectations of $554.58 million. Werner Enterprises had a return on equity of 8.64% and a net margin of 9.59%. Werner Enterprises’s revenue was up 9.4% on a year-over-year basis. During the same quarter last year, the business posted $0.30 EPS. analysts expect that Werner Enterprises, Inc. will post 1.98 earnings per share for the current fiscal year.
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About Werner Enterprises
Werner Enterprises, Inc is a transportation and logistics company. The Company is engaged in transporting truckload shipments of general commodities in both interstate and intrastate commerce. It operates through two segments: Truckload and Werner Logistics. It provides logistics services through its Werner Logistics division.
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