Werner Enterprises, Inc. (NASDAQ:WERN) Shares Sold by Amalgamated Bank

Amalgamated Bank decreased its holdings in shares of Werner Enterprises, Inc. (NASDAQ:WERN) by 5.7% during the 3rd quarter, Holdings Channel.com reports. The firm owned 18,268 shares of the transportation company’s stock after selling 1,104 shares during the period. Amalgamated Bank’s holdings in Werner Enterprises were worth $705,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Deprince Race & Zollo Inc. boosted its holdings in Werner Enterprises by 37.1% in the second quarter. Deprince Race & Zollo Inc. now owns 1,665,309 shares of the transportation company’s stock valued at $59,668,000 after acquiring an additional 450,522 shares during the last quarter. AQR Capital Management LLC boosted its holdings in Werner Enterprises by 65.5% in the second quarter. AQR Capital Management LLC now owns 879,371 shares of the transportation company’s stock valued at $31,455,000 after acquiring an additional 348,154 shares during the last quarter. Nuance Investments LLC boosted its holdings in Werner Enterprises by 7.4% in the second quarter. Nuance Investments LLC now owns 3,167,616 shares of the transportation company’s stock valued at $113,496,000 after acquiring an additional 219,074 shares during the last quarter. American Century Companies Inc. boosted its holdings in Werner Enterprises by 15.5% in the second quarter. American Century Companies Inc. now owns 1,506,663 shares of the transportation company’s stock valued at $53,984,000 after acquiring an additional 201,843 shares during the last quarter. Finally, Public Sector Pension Investment Board acquired a new position in Werner Enterprises in the second quarter valued at $5,000,000. Institutional investors and hedge funds own 89.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on WERN shares. Citigroup started coverage on Werner Enterprises in a research report on Wednesday, October 9th. They issued a “sell” rating and a $34.00 price objective on the stock. JPMorgan Chase & Co. cut their price objective 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. Wells Fargo & Company cut their price objective on Werner Enterprises from $38.00 to $35.00 and set an “underweight” rating on the stock in a research report on Wednesday, October 30th. TD Cowen raised their price objective on Werner Enterprises from $40.00 to $41.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Finally, 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 report on Wednesday. Seven investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $36.57.

Werner Enterprises Stock Performance

Shares of NASDAQ WERN opened at $39.62 on Friday. The company has a current ratio of 1.53, a quick ratio of 1.49 and a debt-to-equity ratio of 0.48. The stock has a 50 day simple moving average of $37.75 and a 200-day simple moving average of $37.09. The company has a market cap of $2.45 billion, a PE ratio of 54.27, a P/E/G ratio of 16.02 and a beta of 0.80. Werner Enterprises, Inc. has a 12-month low of $33.12 and a 12-month high of $43.26.

Werner Enterprises (NASDAQ:WERN) last issued its quarterly earnings data on Tuesday, October 29th. The transportation company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.06). The business had revenue of $745.70 million for the quarter, compared to analyst estimates of $765.24 million. Werner Enterprises had a return on equity of 3.58% and a net margin of 1.48%. The business’s quarterly revenue was down 8.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.42 earnings per share. On average, equities research analysts forecast that Werner Enterprises, Inc. will post 0.69 EPS for the current year.

About Werner Enterprises

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.