Balyasny Asset Management L.P. Has $1.02 Million Stock Holdings in Werner Enterprises, Inc. (NASDAQ:WERN)

Balyasny Asset Management L.P. raised its stake in shares of Werner Enterprises, Inc. (NASDAQ:WERN - Free Report) by 434.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 28,402 shares of the transportation company's stock after acquiring an additional 23,083 shares during the period. Balyasny Asset Management L.P.'s holdings in Werner Enterprises were worth $1,020,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in WERN. Maple Rock Capital Partners Inc. purchased a new position in Werner Enterprises in the 4th quarter valued at approximately $35,257,000. Wellington Management Group LLP purchased a new stake in shares of Werner Enterprises in the fourth quarter valued at $31,634,000. American Century Companies Inc. grew its position in shares of Werner Enterprises by 13.4% in the fourth quarter. American Century Companies Inc. now owns 1,987,187 shares of the transportation company's stock valued at $71,380,000 after purchasing an additional 234,811 shares during the period. Allspring Global Investments Holdings LLC grew its position in shares of Werner Enterprises by 9.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,660,846 shares of the transportation company's stock valued at $59,010,000 after purchasing an additional 143,953 shares during the period. Finally, JPMorgan Chase & Co. grew its position in Werner Enterprises by 145.2% during the fourth quarter. JPMorgan Chase & Co. now owns 210,389 shares of the transportation company's stock valued at $7,557,000 after acquiring an additional 124,574 shares during the period. 89.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

WERN has been the topic of a number of recent research reports. Stifel Nicolaus reduced their price objective on Werner Enterprises from $29.00 to $24.00 and set a "hold" rating on the stock in a research note on Thursday, May 1st. Deutsche Bank Aktiengesellschaft started coverage on shares of Werner Enterprises in a research report on Friday, March 7th. They set a "hold" rating and a $33.00 target price on the stock. Wells Fargo & Company lowered their price target on Werner Enterprises from $27.00 to $24.00 and set an "underweight" rating on the stock in a research report on Wednesday, April 30th. Evercore ISI downgraded Werner Enterprises from an "in-line" rating to an "underperform" rating and lowered their price target for the company from $27.00 to $21.00 in a research report on Wednesday, April 30th. Finally, UBS Group reduced their target price on shares of Werner Enterprises from $30.00 to $27.00 and set a "neutral" rating for the company in a research note on Monday, May 5th. 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 stock. Based on data from MarketBeat.com, Werner Enterprises has a consensus rating of "Hold" and an average target price of $29.69.

Werner Enterprises Stock Down 0.3%

WERN traded down $0.08 during trading on Tuesday, hitting $27.48. The company had a trading volume of 70,845 shares, compared to its average volume of 826,090. The company has a market capitalization of $1.70 billion, a PE ratio of 49.92 and a beta of 1.09. Werner Enterprises, Inc. has a one year low of $23.02 and a one year high of $42.48. The firm's 50-day moving average price is $28.14 and its 200 day moving average price is $33.67. The company has a quick ratio of 1.48, a current ratio of 1.52 and a debt-to-equity ratio of 0.43.

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