Werner Enterprises, Inc. (NASDAQ:WERN) Shares Bought by Ameriprise Financial Inc.

Ameriprise Financial Inc. lifted its holdings in shares of Werner Enterprises, Inc. (NASDAQ:WERN - Free Report) by 24.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 560,698 shares of the transportation company's stock after acquiring an additional 110,336 shares during the period. Ameriprise Financial Inc. owned 0.91% of Werner Enterprises worth $20,140,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Headlands Technologies LLC acquired a new position in shares of Werner Enterprises in the fourth quarter valued at approximately $39,000. Blue Trust Inc. grew its holdings in Werner Enterprises by 64.7% during the fourth quarter. Blue Trust Inc. now owns 1,308 shares of the transportation company's stock worth $50,000 after acquiring an additional 514 shares during the period. Sterling Capital Management LLC grew its holdings in Werner Enterprises by 796.3% during the fourth quarter. Sterling Capital Management LLC now owns 1,703 shares of the transportation company's stock worth $61,000 after acquiring an additional 1,513 shares during the period. Quadrant Capital Group LLC grew its holdings in Werner Enterprises by 35.7% during the fourth quarter. Quadrant Capital Group LLC now owns 2,431 shares of the transportation company's stock worth $87,000 after acquiring an additional 639 shares during the period. Finally, KBC Group NV grew its holdings in Werner Enterprises by 43.7% during the fourth quarter. KBC Group NV now owns 2,976 shares of the transportation company's stock worth $107,000 after acquiring an additional 905 shares during the period. Institutional investors and hedge funds own 89.32% of the company's stock.

Werner Enterprises Stock Down 0.6%

NASDAQ WERN traded down $0.16 during mid-day trading on Friday, reaching $27.85. 978,832 shares of the company's stock traded hands, compared to its average volume of 829,976. Werner Enterprises, Inc. has a 1-year low of $23.02 and a 1-year high of $42.48. The company has a fifty day simple moving average of $28.18 and a 200-day simple moving average of $33.76. The company has a current ratio of 1.52, a quick ratio of 1.48 and a debt-to-equity ratio of 0.43. The company has a market cap of $1.72 billion, a price-to-earnings ratio of 50.64 and a beta of 1.09.

Werner Enterprises (NASDAQ:WERN - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The transportation company reported ($0.12) earnings per share for the quarter, missing analysts' consensus estimates of $0.12 by ($0.24). Werner Enterprises had a net margin of 1.13% and a return on equity of 2.27%. The business had revenue of $712.11 million for the quarter, compared to analyst estimates of $738.41 million. During the same quarter last year, the business earned $0.14 EPS. Werner Enterprises's revenue for the quarter was down 7.4% compared to the same quarter last year. As a group, equities research analysts expect that Werner Enterprises, Inc. will post 1.27 EPS for the current year.

Wall Street Analyst Weigh In

WERN has been the topic of a number of research analyst reports. StockNews.com downgraded Werner Enterprises from a "hold" rating to a "sell" rating in a research report on Thursday, May 8th. Susquehanna reduced their target price on Werner Enterprises from $32.00 to $23.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 30th. Barclays reduced their target price on Werner Enterprises from $32.00 to $28.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 30th. TD Cowen cut their price objective on Werner Enterprises from $33.00 to $30.00 and set a "buy" rating on the stock in a report on Wednesday, April 30th. Finally, Evercore ISI downgraded Werner Enterprises from an "in-line" rating to an "underperform" rating and cut their price objective for the stock from $27.00 to $21.00 in a report on Wednesday, April 30th. Five analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $29.69.

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.