Werner Enterprises, Inc. (NASDAQ:WERN) Shares Sold by QRG Capital Management Inc.

QRG Capital Management Inc. reduced its stake in Werner Enterprises, Inc. (NASDAQ:WERN) by 5.5% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 5,442 shares of the transportation company’s stock after selling 315 shares during the period. QRG Capital Management Inc.’s holdings in Werner Enterprises were worth $210,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of WERN. Massmutual Trust Co. FSB ADV grew its holdings in shares of Werner Enterprises by 390.1% in the second quarter. Massmutual Trust Co. FSB ADV now owns 740 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 589 shares during the period. 1620 Investment Advisors Inc. purchased a new stake in shares of Werner Enterprises in the 2nd quarter valued at approximately $29,000. Canada Pension Plan Investment Board acquired a new stake in shares of Werner Enterprises during the 2nd quarter worth approximately $29,000. Quest Partners LLC purchased a new stake in shares of Werner Enterprises during the 2nd quarter valued at approximately $30,000. Finally, GAMMA Investing LLC lifted its holdings in Werner Enterprises by 145.7% in the third quarter. GAMMA Investing LLC now owns 801 shares of the transportation company’s stock valued at $31,000 after acquiring an additional 475 shares during the last quarter. 89.32% of the stock is owned by institutional investors and hedge funds.

Werner Enterprises Price Performance

WERN stock opened at $41.39 on Wednesday. The business’s 50-day moving average is $37.53 and its two-hundred day moving average is $37.01. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.53 and a quick ratio of 1.49. The firm has a market capitalization of $2.56 billion, a P/E ratio of 56.70, a P/E/G ratio of 15.98 and a beta of 0.80. Werner Enterprises, Inc. has a 1 year low of $33.12 and a 1 year high of $43.26.

Werner Enterprises (NASDAQ:WERN) last issued its earnings results on Tuesday, October 29th. The transportation company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.06). Werner Enterprises had a net margin of 1.48% and a return on equity of 3.58%. The firm had revenue of $745.70 million during the quarter, compared to analyst estimates of $765.24 million. During the same period last year, the business earned $0.42 EPS. The firm’s revenue was down 8.8% compared to the same quarter last year. Analysts anticipate that Werner Enterprises, Inc. will post 0.69 earnings per share for the current fiscal year.

Analysts Set New Price Targets

WERN has been the topic of a number of research analyst reports. Morgan Stanley reduced their target price on Werner Enterprises from $55.00 to $52.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 30th. Stephens decreased their target price on shares of Werner Enterprises from $40.00 to $36.00 and set an “equal weight” rating on the stock in a research report on Monday, August 5th. Citigroup initiated coverage on shares of Werner Enterprises in a research report on Wednesday, October 9th. They set a “sell” rating and a $34.00 price target for the company. JPMorgan Chase & Co. lowered their price objective on shares of Werner Enterprises from $37.00 to $34.00 and set an “underweight” rating for the company in a research report on Wednesday, October 30th. Finally, StockNews.com lowered Werner Enterprises from a “hold” rating to a “sell” rating in a research report on Tuesday, July 16th. Seven equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $36.29.

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.