Navellier & Associates Inc purchased a new position in shares of Werner Enterprises, Inc. (NASDAQ:WERN) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 33,045 shares of the transportation company’s stock, valued at approximately $1,241,000.
Other large investors also recently bought and sold shares of the company. Xact Kapitalforvaltning AB acquired a new position in shares of Werner Enterprises during the 2nd quarter worth $230,000. Levin Capital Strategies L.P. acquired a new position in shares of Werner Enterprises during the 1st quarter worth $292,000. Cambria Investment Management L.P. acquired a new position in shares of Werner Enterprises during the 1st quarter worth $299,000. Northwestern Mutual Investment Management Company LLC grew its stake in shares of Werner Enterprises by 56.5% during the 1st quarter. Northwestern Mutual Investment Management Company LLC now owns 9,192 shares of the transportation company’s stock worth $336,000 after purchasing an additional 3,318 shares during the period. Finally, Balter Liquid Alternatives LLC acquired a new stake in Werner Enterprises in the 1st quarter valued at about $374,000. 67.30% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages recently commented on WERN. ValuEngine cut shares of Werner Enterprises from a “buy” rating to a “hold” rating in a research note on Thursday, July 26th. Credit Suisse Group increased their price objective on shares of Werner Enterprises from $40.00 to $42.00 and gave the company a “neutral” rating in a research note on Tuesday, July 24th. Buckingham Research lowered their price objective on shares of Werner Enterprises from $53.00 to $50.00 and set a “buy” rating on the stock in a research note on Tuesday, July 24th. Cowen increased their price objective on shares of Werner Enterprises from $35.00 to $37.00 and gave the company an “underperform” rating in a research note on Tuesday, July 24th. Finally, Morgan Stanley increased their price objective on shares of Werner Enterprises from $48.00 to $50.00 and gave the company an “overweight” rating in a research note on Tuesday, July 24th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company’s stock. Werner Enterprises currently has a consensus rating of “Hold” and an average price target of $42.93.
Shares of Werner Enterprises opened at $37.10 on Friday, according to MarketBeat. The stock has a market capitalization of $2.65 billion, a P/E ratio of 21.54, a price-to-earnings-growth ratio of 1.14 and a beta of 1.02. Werner Enterprises, Inc. has a 52 week low of $29.95 and a 52 week high of $43.95. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.76 and a current ratio of 1.81.
Werner Enterprises (NASDAQ:WERN) last released its quarterly earnings results on Monday, July 23rd. The transportation company reported $0.61 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.11. Werner Enterprises had a net margin of 10.09% and a return on equity of 10.71%. The company had revenue of $619.13 million for the quarter, compared to analysts’ expectations of $599.20 million. During the same period last year, the company earned $0.32 EPS. The firm’s revenue for the quarter was up 19.2% compared to the same quarter last year. equities research analysts expect that Werner Enterprises, Inc. will post 2.23 earnings per share for the current year.
About Werner Enterprises
Werner Enterprises, Inc, a transportation and logistics company, engages in transporting truckload shipments of general commodities in interstate and intrastate commerce in the United States, Mexico, Canada, China, and Australia. It operates through two segments, Truckload Transportation Services and Werner Logistics.
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