Teza Capital Management LLC lowered its holdings in shares of Werner Enterprises, Inc. (NASDAQ:WERN - Free Report) by 48.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,274 shares of the transportation company's stock after selling 13,495 shares during the quarter. Teza Capital Management LLC's holdings in Werner Enterprises were worth $513,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Headlands Technologies LLC bought a new stake in shares of Werner Enterprises during the fourth quarter worth $39,000. Blue Trust Inc. lifted its holdings in Werner Enterprises by 64.7% during the 4th quarter. Blue Trust Inc. now owns 1,308 shares of the transportation company's stock valued at $50,000 after buying an additional 514 shares in the last quarter. Sterling Capital Management LLC boosted its position in Werner Enterprises by 796.3% in the 4th quarter. Sterling Capital Management LLC now owns 1,703 shares of the transportation company's stock valued at $61,000 after buying an additional 1,513 shares during the period. Quadrant Capital Group LLC grew its stake in Werner Enterprises by 35.7% in the 4th 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 in the last quarter. Finally, KBC Group NV grew its stake in Werner Enterprises by 43.7% in the 4th quarter. KBC Group NV now owns 2,976 shares of the transportation company's stock worth $107,000 after acquiring an additional 905 shares in the last quarter. Institutional investors own 89.32% of the company's stock.
Wall Street Analysts Forecast Growth
A number of analysts recently issued reports on the company. Citigroup upgraded Werner Enterprises from a "sell" rating to a "neutral" rating and lowered their price target for the company from $32.00 to $29.00 in a report on Tuesday, April 8th. Wells Fargo & Company lowered their target price on Werner Enterprises from $27.00 to $24.00 and set an "underweight" rating for the company in a report on Wednesday, April 30th. The Goldman Sachs Group dropped their price target on Werner Enterprises from $28.00 to $25.00 and set a "sell" rating on the stock in a research report on Wednesday, April 30th. Deutsche Bank Aktiengesellschaft initiated coverage on Werner Enterprises in a report on Friday, March 7th. They issued a "hold" rating and a $33.00 price objective for the company. Finally, Susquehanna dropped their target price on shares of Werner Enterprises from $32.00 to $23.00 and set a "neutral" rating on the stock in a report on Wednesday, April 30th. Five analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $29.69.
Read Our Latest Stock Analysis on WERN
Werner Enterprises Stock Performance
WERN stock opened at $27.55 on Tuesday. Werner Enterprises, Inc. has a one year low of $23.02 and a one year high of $42.48. The firm has a market cap of $1.70 billion, a price-to-earnings ratio of 50.09 and a beta of 1.09. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.48 and a current ratio of 1.52. The firm has a 50-day simple moving average of $28.14 and a two-hundred day simple moving average of $33.67.
Werner Enterprises (NASDAQ:WERN - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The transportation company reported ($0.12) EPS for the quarter, missing the consensus estimate of $0.12 by ($0.24). Werner Enterprises had a return on equity of 2.27% and a net margin of 1.13%. The firm had revenue of $712.11 million for the quarter, compared to the consensus estimate of $738.41 million. During the same quarter last year, the firm earned $0.14 EPS. The company's revenue was down 7.4% compared to the same quarter last year. On average, equities analysts forecast that Werner Enterprises, Inc. will post 1.27 EPS for the current fiscal year.
About Werner Enterprises
(
Free Report)
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.
See Also
Want to see what other hedge funds are holding WERN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Werner Enterprises, Inc. (NASDAQ:WERN - Free Report).
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