WealthPlan Investment Management LLC Sells 4,590 Shares of Werner Enterprises, Inc. (NASDAQ:WERN)

WealthPlan Investment Management LLC decreased its position in Werner Enterprises, Inc. (NASDAQ:WERN) by 38.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,461 shares of the transportation company’s stock after selling 4,590 shares during the quarter. WealthPlan Investment Management LLC’s holdings in Werner Enterprises were worth $288,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BNP Paribas Financial Markets boosted its position in Werner Enterprises by 59.3% in the first quarter. BNP Paribas Financial Markets now owns 33,188 shares of the transportation company’s stock worth $1,298,000 after purchasing an additional 12,355 shares during the last quarter. Texas Permanent School Fund Corp raised its position in shares of Werner Enterprises by 1.4% in the first quarter. Texas Permanent School Fund Corp now owns 55,526 shares of the transportation company’s stock valued at $2,172,000 after purchasing an additional 762 shares during the period. Sei Investments Co. grew its stake in Werner Enterprises by 2.4% in the 1st quarter. Sei Investments Co. now owns 31,599 shares of the transportation company’s stock valued at $1,236,000 after buying an additional 744 shares in the last quarter. Headlands Technologies LLC bought a new stake in Werner Enterprises during the 1st quarter valued at $84,000. Finally, ProShare Advisors LLC lifted its position in shares of Werner Enterprises by 4.6% during the first quarter. ProShare Advisors LLC now owns 14,913 shares of the transportation company’s stock worth $583,000 after acquiring an additional 659 shares in the last quarter. Hedge funds and other institutional investors own 89.32% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on WERN shares. TD Cowen upped their price target on Werner Enterprises from $40.00 to $41.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Citigroup initiated coverage on Werner Enterprises in a research note on Wednesday, October 9th. They set a “sell” rating and a $34.00 price objective for the company. Susquehanna lowered their price target on Werner Enterprises from $30.00 to $28.00 and set a “negative” rating on the stock in a report on Friday, November 1st. JPMorgan Chase & Co. dropped their price target on 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 cut shares of 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 given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $36.29.

Werner Enterprises Trading Down 1.0 %

Shares of WERN stock opened at $41.39 on Wednesday. The business has a 50-day moving average of $37.53 and a 200 day moving average of $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. Werner Enterprises, Inc. has a 1-year low of $33.12 and a 1-year high of $43.26. The stock has a market capitalization of $2.56 billion, a PE ratio of 56.70, a P/E/G ratio of 16.43 and a beta of 0.80.

Werner Enterprises (NASDAQ:WERN) last released its quarterly earnings data on Tuesday, October 29th. The transportation company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.06). Werner Enterprises had a net margin of 1.48% and a return on equity of 3.58%. The company had revenue of $745.70 million for the quarter, compared to analysts’ expectations of $765.24 million. During the same period last year, the company posted $0.42 EPS. The business’s revenue for the quarter was down 8.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Werner Enterprises, Inc. will post 0.69 earnings per share for the current year.

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.