Shay Capital LLC Purchases New Shares in Werner Enterprises, Inc. (NASDAQ:WERN)

Shay Capital LLC acquired a new position in shares of Werner Enterprises, Inc. (NASDAQ:WERN - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 9,000 shares of the transportation company's stock, valued at approximately $323,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Headlands Technologies LLC bought a new stake in shares of Werner Enterprises during the 4th quarter valued at $39,000. Blue Trust Inc. raised its position in shares of Werner Enterprises by 64.7% in 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 raised its position in shares of 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 in the last quarter. Quadrant Capital Group LLC lifted its holdings in shares of Werner Enterprises by 35.7% during 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 during the period. Finally, KBC Group NV boosted its position in shares of Werner Enterprises by 43.7% during 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 and hedge funds own 89.32% of the company's stock.

Wall Street Analyst Weigh In

WERN has been the subject of several recent analyst reports. Susquehanna cut their target price on Werner Enterprises from $32.00 to $23.00 and set a "neutral" rating for the company in a research note on Wednesday, April 30th. Evercore ISI downgraded Werner Enterprises from an "in-line" rating to an "underperform" rating and dropped their price objective for the stock from $27.00 to $21.00 in a research report on Wednesday, April 30th. 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 research note on Wednesday, April 30th. Citigroup raised Werner Enterprises from a "sell" rating to a "neutral" rating and cut their price objective for the company from $32.00 to $29.00 in a report on Tuesday, April 8th. Finally, Barclays reduced their target price on shares of Werner Enterprises from $32.00 to $28.00 and set an "equal weight" 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 given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $29.69.

Werner Enterprises Trading Down 0.4%

Shares of NASDAQ:WERN traded down $0.10 during midday trading on Thursday, reaching $26.13. The company's stock had a trading volume of 204,649 shares, compared to its average volume of 829,407. The firm has a market capitalization of $1.61 billion, a price-to-earnings ratio of 47.48 and a beta of 1.09. Werner Enterprises, Inc. has a fifty-two week low of $23.02 and a fifty-two week high of $42.48. The firm has a 50 day moving average price of $28.02 and a two-hundred day moving average price of $33.58. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.48 and a current ratio of 1.52.

Werner Enterprises (NASDAQ:WERN - Get Free Report) last issued its 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). Werner Enterprises had a net margin of 1.13% and a return on equity of 2.27%. The firm had revenue of $712.11 million during the quarter, compared to analyst estimates of $738.41 million. During the same quarter in the prior year, the business earned $0.14 earnings per share. The business's quarterly revenue was down 7.4% on a year-over-year basis. As a group, analysts forecast 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.