US Bancorp DE Boosts Stock Holdings in Werner Enterprises, Inc. (NASDAQ:WERN)

US Bancorp DE boosted its stake in Werner Enterprises, Inc. (NASDAQ:WERN) by 271.1% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,776 shares of the transportation company’s stock after purchasing an additional 3,489 shares during the quarter. US Bancorp DE’s holdings in Werner Enterprises were worth $184,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in WERN. Massmutual Trust Co. FSB ADV lifted its position in shares of Werner Enterprises by 390.1% in the second quarter. Massmutual Trust Co. FSB ADV now owns 740 shares of the transportation company’s stock worth $27,000 after buying an additional 589 shares in the last quarter. Canada Pension Plan Investment Board purchased a new stake in shares of Werner Enterprises during the 2nd quarter worth approximately $29,000. GAMMA Investing LLC boosted its position in shares of Werner Enterprises by 145.7% during the 3rd quarter. GAMMA Investing LLC now owns 801 shares of the transportation company’s stock valued at $31,000 after acquiring an additional 475 shares during the last quarter. 1620 Investment Advisors Inc. purchased a new position in shares of Werner Enterprises in the second quarter valued at $29,000. Finally, Quest Partners LLC bought a new stake in Werner Enterprises in the second quarter worth $30,000. Institutional investors own 89.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on WERN. Evercore ISI lowered their price objective on shares of Werner Enterprises from $35.00 to $32.00 and set an “in-line” rating for the company in a research report on Wednesday, October 30th. The Goldman Sachs Group lowered their price target on shares of Werner Enterprises from $37.00 to $33.00 and set a “sell” rating for the company in a report on Wednesday, October 9th. Susquehanna reduced their price objective on Werner Enterprises from $30.00 to $28.00 and set a “negative” rating on the stock in a research note on Friday, November 1st. Barclays raised their price objective on Werner Enterprises from $36.00 to $40.00 and gave the company an “equal weight” rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. cut their target price on Werner Enterprises from $37.00 to $34.00 and set an “underweight” rating on the stock in a research report on Wednesday, October 30th. Seven analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $36.57.

Werner Enterprises Stock Performance

Shares of Werner Enterprises stock opened at $40.21 on Friday. The company has a quick ratio of 1.49, a current ratio of 1.53 and a debt-to-equity ratio of 0.48. The stock’s fifty day moving average is $37.68 and its two-hundred day moving average is $37.06. Werner Enterprises, Inc. has a 52 week low of $33.12 and a 52 week high of $43.26. The company has a market capitalization of $2.49 billion, a PE ratio of 55.08, a price-to-earnings-growth ratio of 16.27 and a beta of 0.80.

Werner Enterprises (NASDAQ:WERN) last issued 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). The company had revenue of $745.70 million for the quarter, compared to analysts’ expectations of $765.24 million. Werner Enterprises had a net margin of 1.48% and a return on equity of 3.58%. The firm’s revenue for the quarter was down 8.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.42 earnings per share. As a group, analysts expect that Werner Enterprises, Inc. will post 0.69 earnings per share for the current year.

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.