Royce & Associates LP Decreases Position in Werner Enterprises, Inc. (WERN)

Royce & Associates LP decreased its position in shares of Werner Enterprises, Inc. (NASDAQ:WERN) by 4.3% during the 4th quarter, HoldingsChannel reports. The fund owned 363,580 shares of the transportation company’s stock after selling 16,167 shares during the period. Royce & Associates LP’s holdings in Werner Enterprises were worth $14,052,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of WERN. Public Employees Retirement System of Ohio lifted its stake in Werner Enterprises by 7.2% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 6,708 shares of the transportation company’s stock worth $197,000 after acquiring an additional 451 shares in the last quarter. ING Groep NV acquired a new position in Werner Enterprises during the 3rd quarter worth about $201,000. Crossmark Global Holdings Inc. acquired a new position in Werner Enterprises during the 3rd quarter worth about $203,000. Royal Bank of Canada lifted its stake in Werner Enterprises by 190.5% during the 2nd 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 in the last quarter. Finally, Rehmann Capital Advisory Group acquired a new position in Werner Enterprises during the 3rd quarter worth about $233,000. 66.31% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms recently issued reports on WERN. Morgan Stanley increased their target price on Werner Enterprises from $37.00 to $48.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 30th. Stephens restated a “buy” rating and set a $48.00 price target on shares of Werner Enterprises in a report on Wednesday, January 10th. Deutsche Bank upped their price target on Werner Enterprises from $42.00 to $43.00 and gave the stock a “hold” rating in a report on Friday. Bank of America upped their price target on Werner Enterprises from $36.00 to $41.00 and gave the stock an “underperform” rating in a report on Tuesday, January 30th. Finally, Zacks Investment Research upgraded Werner Enterprises from a “hold” rating to a “buy” rating and set a $44.00 price target on the stock in a report on Saturday, January 6th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company’s stock. Werner Enterprises presently has an average rating of “Hold” and an average price target of $39.87.

Shares of Werner Enterprises, Inc. (WERN) opened at $38.00 on Friday. Werner Enterprises, Inc. has a 1-year low of $24.20 and a 1-year high of $43.95. The firm has a market capitalization of $2,750.00, a PE ratio of 13.77, a price-to-earnings-growth ratio of 1.35 and a beta of 0.93. The company has a current ratio of 1.72, a quick ratio of 1.67 and a debt-to-equity ratio of 0.06.

Werner Enterprises (NASDAQ:WERN) last released its quarterly earnings data on Monday, January 29th. The transportation company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.03. Werner Enterprises had a return on equity of 8.64% and a net margin of 9.59%. The business had revenue of $567.37 million for the quarter, compared to the consensus estimate of $554.58 million. During the same quarter in the prior year, the business posted $0.30 EPS. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. equities analysts expect that Werner Enterprises, Inc. will post 1.97 earnings per share for the current year.

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Werner Enterprises Profile

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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Institutional Ownership by Quarter for Werner Enterprises (NASDAQ:WERN)

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