Morgan Stanley raised its position in shares of Werner Enterprises, Inc. (NASDAQ:WERN) by 111.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 552,445 shares of the transportation company’s stock after acquiring an additional 290,625 shares during the period. Morgan Stanley owned approximately 0.78% of Werner Enterprises worth $19,529,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of WERN. Honkamp Krueger Financial Services Inc. bought a new stake in shares of Werner Enterprises in the third quarter valued at approximately $106,000. Tower Research Capital LLC TRC raised its position in Werner Enterprises by 1,116.0% during the third quarter. Tower Research Capital LLC TRC now owns 3,940 shares of the transportation company’s stock valued at $140,000 after purchasing an additional 3,616 shares in the last quarter. Commonwealth Bank of Australia acquired a new position in Werner Enterprises during the third quarter valued at approximately $162,000. Atria Investments LLC acquired a new position in Werner Enterprises during the third quarter valued at approximately $224,000. Finally, First Citizens Bank & Trust Co. acquired a new position in Werner Enterprises during the third quarter valued at approximately $249,000. Institutional investors own 73.96% of the company’s stock.
Several research analysts have commented on the stock. Zacks Investment Research upgraded shares of Werner Enterprises from a “sell” rating to a “hold” rating in a research report on Saturday, February 9th. Seaport Global Securities restated a “neutral” rating on shares of Werner Enterprises in a research report on Thursday, February 7th. BidaskClub upgraded shares of Werner Enterprises from a “sell” rating to a “hold” rating in a research report on Saturday, January 19th. Finally, UBS Group downgraded shares of Werner Enterprises from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $42.00 to $36.00 in a report on Tuesday, December 4th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $41.21.
NASDAQ WERN traded down $0.60 on Friday, reaching $34.46. The company had a trading volume of 753,391 shares, compared to its average volume of 658,416. The company has a market capitalization of $2.45 billion, a price-to-earnings ratio of 14.48, a PEG ratio of 0.93 and a beta of 1.22. Werner Enterprises, Inc. has a fifty-two week low of $28.67 and a fifty-two week high of $42.80. The company has a quick ratio of 1.44, a current ratio of 1.47 and a debt-to-equity ratio of 0.04.
Werner Enterprises (NASDAQ:WERN) last posted its quarterly earnings data on Wednesday, February 6th. The transportation company reported $0.75 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.07. The business had revenue of $646.40 million during the quarter, compared to the consensus estimate of $649.70 million. Werner Enterprises had a return on equity of 14.00% and a net margin of 6.84%. Werner Enterprises’s quarterly revenue was up 13.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.42 earnings per share. Research analysts expect that Werner Enterprises, Inc. will post 2.6 earnings per share for the current fiscal year.
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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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