Empower Advisory Group LLC Increases Stock Holdings in Werner Enterprises, Inc. (NASDAQ:WERN)

Empower Advisory Group LLC lifted its position in Werner Enterprises, Inc. (NASDAQ:WERN) by 4.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 362,786 shares of the transportation company’s stock after purchasing an additional 16,637 shares during the quarter. Empower Advisory Group LLC’s holdings in Werner Enterprises were worth $14,000,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. 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 second quarter valued at about $29,000. Canada Pension Plan Investment Board acquired a new position in Werner Enterprises in the second quarter valued at about $29,000. Quest Partners LLC acquired a new position in Werner Enterprises in the second quarter valued at about $30,000. Finally, GAMMA Investing LLC lifted its position 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 buying an additional 475 shares during the last quarter. Hedge funds and other institutional investors own 89.32% of the company’s stock.

Wall Street Analysts Forecast Growth

WERN has been the topic of a number of recent analyst reports. TD Cowen upped their target price on shares of Werner Enterprises from $40.00 to $41.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Wells Fargo & Company decreased their target price on shares of Werner Enterprises from $38.00 to $35.00 and set an “underweight” rating on the stock in a research report on Wednesday, October 30th. JPMorgan Chase & Co. decreased their target price on shares of Werner Enterprises from $37.00 to $34.00 and set an “underweight” rating on the stock in a research report on Wednesday, October 30th. The Goldman Sachs Group decreased their target price on shares of Werner Enterprises from $37.00 to $33.00 and set a “sell” rating on the stock in a research report on Wednesday, October 9th. Finally, Evercore ISI decreased their target price on shares of Werner Enterprises from $35.00 to $32.00 and set an “in-line” rating on the stock in a research report on Wednesday, October 30th. Seven analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Werner Enterprises has an average rating of “Hold” and a consensus target price of $36.57.

Werner Enterprises Stock Down 1.5 %

Shares of NASDAQ:WERN opened at $40.75 on Thursday. The firm’s 50 day moving average price is $37.60 and its 200 day moving average price is $37.03. The stock has a market cap of $2.52 billion, a price-to-earnings ratio of 55.82, a price-to-earnings-growth ratio of 16.27 and a beta of 0.80. Werner Enterprises, Inc. has a fifty-two week low of $33.12 and a fifty-two week high of $43.26. The company has a quick ratio of 1.49, a current ratio of 1.53 and a debt-to-equity ratio of 0.48.

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). The firm had revenue of $745.70 million during the quarter, compared to analyst estimates of $765.24 million. Werner Enterprises had a net margin of 1.48% and a return on equity of 3.58%. The firm’s revenue was down 8.8% compared to the same quarter last year. During the same period last year, the business earned $0.42 EPS. As a group, equities research analysts predict that Werner Enterprises, Inc. will post 0.69 earnings per share for the current fiscal year.

About Werner Enterprises

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.