US Bancorp DE boosted its position in shares of Werner Enterprises, Inc. (NASDAQ:WERN) by 29.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,855 shares of the transportation company’s stock after acquiring an additional 4,570 shares during the period. US Bancorp DE’s holdings in Werner Enterprises were worth $768,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of WERN. Public Employees Retirement System of Ohio increased its stake in Werner Enterprises by 7.2% during the second quarter. Public Employees Retirement System of Ohio now owns 6,708 shares of the transportation company’s stock valued at $197,000 after acquiring an additional 451 shares during the period. ING Groep NV acquired a new stake in Werner Enterprises during the third quarter valued at approximately $201,000. Crossmark Global Holdings Inc. acquired a new stake in Werner Enterprises during the third quarter valued at approximately $203,000. Royal Bank of Canada boosted 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 valued at $218,000 after purchasing an additional 4,872 shares in the last quarter. Finally, Rehmann Capital Advisory Group acquired a new stake in Werner Enterprises during the third quarter valued at approximately $233,000. Hedge funds and other institutional investors own 66.31% of the company’s stock.
A number of equities research analysts have weighed in on WERN shares. BidaskClub raised Werner Enterprises from a “buy” rating to a “strong-buy” rating in a report on Thursday, December 21st. Zacks Investment Research raised Werner Enterprises from a “hold” rating to a “buy” rating and set a $44.00 price objective on the stock in a report on Tuesday, December 26th. UBS Group raised Werner Enterprises from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $37.00 to $47.00 in a report on Friday, January 5th. Stephens reaffirmed a “buy” rating and set a $48.00 price objective on shares of Werner Enterprises in a report on Wednesday, January 10th. Finally, Cowen reaffirmed an “underperform” rating and set a $36.00 price objective (up from $30.00) on shares of Werner Enterprises in a report on Tuesday, January 30th. 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 stock. Werner Enterprises currently has an average rating of “Hold” and an average price target of $39.87.
Werner Enterprises, Inc. (WERN) opened at $38.00 on Friday. The company has a market capitalization of $2,750.00, a P/E ratio of 13.77, a PEG ratio of 1.35 and a beta of 0.93. The company has a quick ratio of 1.67, a current ratio of 1.72 and a debt-to-equity ratio of 0.06. Werner Enterprises, Inc. has a 1-year low of $24.20 and a 1-year high of $43.95.
Werner Enterprises (NASDAQ:WERN) last announced its earnings results on Monday, January 29th. The transportation company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.39 by $0.03. The business had revenue of $567.37 million for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the previous year, the business earned $0.30 EPS. research analysts anticipate that Werner Enterprises, Inc. will post 1.97 earnings per share for the current fiscal 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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