Werner Enterprises, Inc. (NASDAQ:WERN) Shares Acquired by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D lifted its position in Werner Enterprises, Inc. (NASDAQ:WERN) by 3.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 53,136 shares of the transportation company’s stock after acquiring an additional 1,858 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Werner Enterprises were worth $2,051,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Atria Investments Inc raised its stake in shares of Werner Enterprises by 34.2% in the third quarter. Atria Investments Inc now owns 8,150 shares of the transportation company’s stock worth $315,000 after purchasing an additional 2,079 shares during the last quarter. US Bancorp DE lifted its stake in Werner Enterprises by 271.1% during the 3rd quarter. US Bancorp DE now owns 4,776 shares of the transportation company’s stock valued at $184,000 after acquiring an additional 3,489 shares during the period. Congress Asset Management Co. boosted its holdings in shares of Werner Enterprises by 10.1% in the 3rd quarter. Congress Asset Management Co. now owns 369,658 shares of the transportation company’s stock valued at $14,265,000 after acquiring an additional 33,891 shares during the last quarter. Diversify Wealth Management LLC increased its stake in shares of Werner Enterprises by 13.9% in the third quarter. Diversify Wealth Management LLC now owns 7,434 shares of the transportation company’s stock worth $279,000 after acquiring an additional 906 shares during the period. Finally, Pinnacle Associates Ltd. raised its holdings in shares of Werner Enterprises by 2.0% during the third quarter. Pinnacle Associates Ltd. now owns 460,453 shares of the transportation company’s stock worth $19,509,000 after purchasing an additional 9,143 shares during the last quarter. Institutional investors and hedge funds own 89.32% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Evercore ISI cut their price target on 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. JPMorgan Chase & Co. decreased their price target on Werner Enterprises from $37.00 to $34.00 and set an “underweight” rating for the company in a report on Wednesday, October 30th. Susquehanna dropped their price objective on shares of Werner Enterprises from $30.00 to $28.00 and set a “negative” rating on the stock in a research note on Friday, November 1st. The Goldman Sachs Group lowered their price target on shares of Werner Enterprises from $37.00 to $33.00 and set a “sell” rating on the stock in a report on Wednesday, October 9th. Finally, Morgan Stanley cut their price objective on shares of Werner Enterprises from $55.00 to $52.00 and set an “overweight” rating for the company in a report on Wednesday, October 30th. Seven investment analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $36.57.

Werner Enterprises Price Performance

Werner Enterprises stock opened at $39.62 on Friday. The company has a fifty day simple moving average of $37.75 and a 200-day simple moving average of $37.09. The firm has a market capitalization of $2.45 billion, a price-to-earnings ratio of 54.27, a PEG ratio of 16.02 and a beta of 0.80. 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, Inc. has a 52-week low of $33.12 and a 52-week high of $43.26.

Werner Enterprises (NASDAQ:WERN) last released its quarterly earnings data on Tuesday, October 29th. The transportation company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.06). The business 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% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.42 EPS. On average, equities analysts anticipate that Werner Enterprises, Inc. will post 0.69 EPS 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.