Werner Enterprises, Inc. (NASDAQ:WERN) Shares Acquired by Empower Advisory Group LLC

Empower Advisory Group LLC raised its holdings in shares of Werner Enterprises, Inc. (NASDAQ:WERN) by 4.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 362,786 shares of the transportation company’s stock after acquiring an additional 16,637 shares during the period. Empower Advisory Group LLC owned approximately 0.59% of Werner Enterprises worth $14,000,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of WERN. State of New Jersey Common Pension Fund D lifted its stake in shares of Werner Enterprises by 3.6% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 53,136 shares of the transportation company’s stock valued at $2,051,000 after purchasing an additional 1,858 shares during the period. Atria Investments Inc lifted its stake in shares of Werner Enterprises by 34.2% in the 3rd quarter. Atria Investments Inc now owns 8,150 shares of the transportation company’s stock valued at $315,000 after purchasing an additional 2,079 shares during the period. US Bancorp DE lifted its stake in shares of Werner Enterprises by 271.1% in the 3rd quarter. US Bancorp DE now owns 4,776 shares of the transportation company’s stock valued at $184,000 after purchasing an additional 3,489 shares during the period. Congress Asset Management Co. lifted its stake in shares of Werner Enterprises by 10.1% in the 3rd quarter. Congress Asset Management Co. now owns 369,658 shares of the transportation company’s stock valued at $14,265,000 after purchasing an additional 33,891 shares during the period. Finally, Diversify Wealth Management LLC lifted its stake in shares of Werner Enterprises by 13.9% in the 3rd quarter. Diversify Wealth Management LLC now owns 7,434 shares of the transportation company’s stock valued at $279,000 after purchasing an additional 906 shares during the period. 89.32% of the stock is currently owned by institutional investors and hedge funds.

Werner Enterprises Price Performance

Werner Enterprises stock opened at $40.75 on Thursday. Werner Enterprises, Inc. has a 52-week low of $33.12 and a 52-week high of $43.26. The firm has a market capitalization of $2.52 billion, a price-to-earnings ratio of 55.82, a PEG ratio of 16.27 and a beta of 0.80. The company has a fifty day simple moving average of $37.60 and a 200-day simple moving average of $37.03. The company has a quick ratio of 1.49, a current ratio of 1.53 and a debt-to-equity ratio of 0.48.

Werner Enterprises (NASDAQ:WERN) last released its earnings results on Tuesday, October 29th. The transportation company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.06). Werner Enterprises had a return on equity of 3.58% and a net margin of 1.48%. The business had revenue of $745.70 million for the quarter, compared to analysts’ expectations of $765.24 million. During the same period in the previous year, the company earned $0.42 EPS. Werner Enterprises’s quarterly revenue was down 8.8% compared to the same quarter last year. On average, equities analysts anticipate that Werner Enterprises, Inc. will post 0.69 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently issued reports on WERN shares. JPMorgan Chase & Co. decreased their target price on shares of Werner Enterprises from $37.00 to $34.00 and set an “underweight” rating for the company in a research note on Wednesday, October 30th. Morgan Stanley decreased their target price on shares of Werner Enterprises from $55.00 to $52.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th. Stephens reduced their price objective on shares of Werner Enterprises from $40.00 to $36.00 and set an “equal weight” rating for the company in a research report on Monday, August 5th. TD Cowen upped their price objective on shares of Werner Enterprises from $40.00 to $41.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Finally, Citigroup began coverage on shares of Werner Enterprises in a research report on Wednesday, October 9th. They set a “sell” rating and a $34.00 price objective for the company. Seven research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $36.57.

Werner Enterprises Profile

Werner Enterprises, Inc, together with its subsidiaries, engages in transporting truckload shipments of general commodities in interstate and intrastate commerce in the United States, Mexico, and internationally. The company operates through two segments, Truckload Transportation Services and Werner Logistics.