Quantinno Capital Management LP boosted its holdings in Werner Enterprises, Inc. (NASDAQ:WERN – Free Report) by 293.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 64,309 shares of the transportation company’s stock after acquiring an additional 47,977 shares during the quarter. Quantinno Capital Management LP owned 0.11% of Werner Enterprises worth $1,891,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. State of Alaska Department of Revenue grew its holdings in Werner Enterprises by 1.1% during the fourth quarter. State of Alaska Department of Revenue now owns 30,464 shares of the transportation company’s stock worth $914,000 after buying an additional 336 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Werner Enterprises by 0.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 126,854 shares of the transportation company’s stock valued at $3,717,000 after acquiring an additional 401 shares in the last quarter. CANADA LIFE ASSURANCE Co boosted its holdings in Werner Enterprises by 0.8% during the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 64,228 shares of the transportation company’s stock worth $1,758,000 after acquiring an additional 503 shares during the last quarter. California State Teachers Retirement System boosted its holdings in Werner Enterprises by 1.1% during the 2nd quarter. California State Teachers Retirement System now owns 57,011 shares of the transportation company’s stock worth $1,560,000 after acquiring an additional 601 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in shares of Werner Enterprises by 41.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,324 shares of the transportation company’s stock worth $70,000 after acquiring an additional 679 shares in the last quarter. Institutional investors and hedge funds own 89.32% of the company’s stock.
Werner Enterprises Price Performance
WERN opened at $36.43 on Wednesday. Werner Enterprises, Inc. has a fifty-two week low of $23.06 and a fifty-two week high of $47.49. The firm has a 50-day moving average of $41.98 and a 200 day moving average of $36.68. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.42 and a current ratio of 1.45. The firm has a market cap of $2.19 billion, a P/E ratio of -47.93, a PEG ratio of 0.65 and a beta of 1.27.
Analyst Upgrades and Downgrades
Several analysts have recently commented on the stock. Evercore upgraded shares of Werner Enterprises from an “underperform” rating to an “in-line” rating in a report on Wednesday, July 1st. Stifel Nicolaus boosted their price target on shares of Werner Enterprises from $36.00 to $40.00 and gave the stock a “hold” rating in a report on Monday, July 13th. Morgan Stanley upped their price objective on shares of Werner Enterprises from $47.00 to $55.00 and gave the stock an “overweight” rating in a research report on Monday, July 6th. Zacks Research lowered shares of Werner Enterprises from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 4th. Finally, Wall Street Zen raised shares of Werner Enterprises from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, Werner Enterprises has an average rating of “Hold” and an average target price of $41.54.
Check Out Our Latest Stock Report on Werner Enterprises
Werner Enterprises Company Profile
Werner Enterprises, Inc, founded in 1956 by Clarence L. “Chris” Werner, is a leading transportation and logistics provider based in Omaha, Nebraska. The company began as a one‐truck operation and has since grown into one of North America’s largest carriers, offering an array of services to support diverse supply chains.
Werner’s core business activities include full truckload dry van services, dedicated contract carriage, intermodal transport and brokerage solutions. The company also provides value-added services such as warehousing, freight management and fleet maintenance through its network of terminals and service centers.
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