Gotham Asset Management LLC Sells 3,140 Shares of Werner Enterprises, Inc. (NASDAQ:WERN)

Gotham Asset Management LLC decreased its stake in shares of Werner Enterprises, Inc. (NASDAQ:WERN) by 7.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 38,750 shares of the transportation company’s stock after selling 3,140 shares during the period. Gotham Asset Management LLC owned about 0.06% of Werner Enterprises worth $1,392,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC increased its holdings in Werner Enterprises by 9.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,660,846 shares of the transportation company’s stock valued at $59,010,000 after buying an additional 143,953 shares during the last quarter. Vanguard Group Inc. increased its holdings in Werner Enterprises by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 6,730,457 shares of the transportation company’s stock valued at $241,758,000 after buying an additional 32,228 shares during the last quarter. Barclays PLC increased its holdings in Werner Enterprises by 12.8% during the third quarter. Barclays PLC now owns 435,447 shares of the transportation company’s stock valued at $16,804,000 after buying an additional 49,568 shares during the last quarter. Atria Investments Inc increased its holdings in Werner Enterprises by 16.3% during the fourth quarter. Atria Investments Inc now owns 9,479 shares of the transportation company’s stock valued at $340,000 after buying an additional 1,329 shares during the last quarter. Finally, Cibc World Markets Corp purchased a new stake in Werner Enterprises during the fourth quarter valued at approximately $207,000. 89.32% of the stock is owned by hedge funds and other institutional investors.

Werner Enterprises Stock Performance

WERN opened at $27.85 on Friday. The stock has a market capitalization of $1.72 billion, a price-to-earnings ratio of 50.64 and a beta of 1.09. The company has a fifty day moving average of $28.18 and a 200 day moving average of $33.79. Werner Enterprises, Inc. has a fifty-two week low of $23.02 and a fifty-two week high of $42.48. 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) last posted its earnings results on Tuesday, April 29th. The transportation company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.24). The company had revenue of $712.11 million for the quarter, compared to analysts’ expectations of $738.41 million. Werner Enterprises had a net margin of 1.13% and a return on equity of 2.27%. The business’s revenue was down 7.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.14 earnings per share. As a group, sell-side analysts forecast that Werner Enterprises, Inc. will post 1.27 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have commented on WERN. Wells Fargo & Company reduced their target price on shares of Werner Enterprises from $27.00 to $24.00 and set an “underweight” rating for the company in a report on Wednesday, April 30th. UBS Group reduced their price objective on shares of Werner Enterprises from $30.00 to $27.00 and set a “neutral” rating for the company in a research note on Monday, May 5th. Deutsche Bank Aktiengesellschaft started coverage on shares of Werner Enterprises in a research note on Friday, March 7th. They issued a “hold” rating and a $33.00 price objective for the company. TD Cowen reduced their price objective on shares of Werner Enterprises from $33.00 to $30.00 and set a “buy” rating for the company in a research note on Wednesday, April 30th. Finally, Evercore ISI cut shares of Werner Enterprises from an “in-line” rating to an “underperform” rating and reduced their price objective for the stock from $27.00 to $21.00 in a research note on Wednesday, April 30th. Five equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $29.69.

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.