WealthPlan Investment Management LLC Trims Stake in Werner Enterprises, Inc. (NASDAQ:WERN)

WealthPlan Investment Management LLC lowered its position in Werner Enterprises, Inc. (NASDAQ:WERN) by 38.1% in the 3rd quarter, Holdings Channel reports. The fund 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 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in WERN. Arizona State Retirement System grew its holdings in shares of Werner Enterprises by 2.0% during the second quarter. Arizona State Retirement System now owns 16,879 shares of the transportation company’s stock valued at $605,000 after buying an additional 328 shares during the last quarter. SummerHaven Investment Management LLC grew its stake in shares of Werner Enterprises by 2.5% in the second quarter. SummerHaven Investment Management LLC now owns 17,221 shares of the transportation company’s stock worth $617,000 after acquiring an additional 414 shares during the period. GAMMA Investing LLC lifted its position in Werner Enterprises by 145.7% during the third quarter. GAMMA Investing LLC now owns 801 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 475 shares during the period. Massmutual Trust Co. FSB ADV grew its position in Werner Enterprises by 390.1% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 740 shares of the transportation company’s stock worth $27,000 after purchasing an additional 589 shares during the period. Finally, Inspire Investing LLC boosted its stake in shares of Werner Enterprises by 7.2% in the 2nd quarter. Inspire Investing LLC now owns 9,820 shares of the transportation company’s stock worth $352,000 after buying an additional 656 shares during the last quarter. 89.32% of the stock is currently owned by institutional investors.

Werner Enterprises Price Performance

WERN opened at $41.39 on Wednesday. The company has a current ratio of 1.53, a quick ratio of 1.49 and a debt-to-equity ratio of 0.48. Werner Enterprises, Inc. has a 12-month low of $33.12 and a 12-month high of $43.26. The business’s fifty day simple moving average is $37.53 and its 200-day simple moving average is $37.01. The company has a market capitalization of $2.56 billion, a price-to-earnings ratio of 56.70, a PEG ratio of 16.43 and a beta of 0.80.

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

Wall Street Analysts Forecast Growth

WERN has been the subject of a number of recent research reports. StockNews.com downgraded Werner Enterprises from a “hold” rating to a “sell” rating in a research note on Tuesday, July 16th. Evercore ISI lowered their price target on shares of Werner Enterprises from $35.00 to $32.00 and set an “in-line” rating on the stock in a report on Wednesday, October 30th. Stifel Nicolaus decreased their price objective on shares of Werner Enterprises from $33.00 to $32.00 and set a “hold” rating on the stock in a research report on Monday, November 4th. Stephens dropped their price objective on Werner Enterprises from $40.00 to $36.00 and set an “equal weight” rating for the company in a research note on Monday, August 5th. Finally, 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. Seven equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Werner Enterprises 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.