Legato Capital Management LLC Increases Stock Holdings in Werner Enterprises, Inc. (NASDAQ:WERN)

Legato Capital Management LLC boosted its position in Werner Enterprises, Inc. (NASDAQ:WERN) by 1.9% during the 4th quarter, HoldingsChannel reports. The firm owned 51,065 shares of the transportation company’s stock after purchasing an additional 941 shares during the period. Legato Capital Management LLC’s holdings in Werner Enterprises were worth $1,834,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Allspring Global Investments Holdings LLC boosted its position in Werner Enterprises by 9.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,660,846 shares of the transportation company’s stock worth $59,010,000 after purchasing an additional 143,953 shares during the last quarter. Alliance Wealth Advisors LLC UT boosted its position in Werner Enterprises by 6.2% in the fourth quarter. Alliance Wealth Advisors LLC UT now owns 14,107 shares of the transportation company’s stock worth $507,000 after purchasing an additional 829 shares during the last quarter. KBC Group NV boosted its position in Werner Enterprises by 43.7% in the fourth quarter. KBC Group NV now owns 2,976 shares of the transportation company’s stock worth $107,000 after purchasing an additional 905 shares during the last quarter. Blue Trust Inc. boosted its position in Werner Enterprises by 64.7% in the fourth quarter. Blue Trust Inc. now owns 1,308 shares of the transportation company’s stock worth $50,000 after purchasing an additional 514 shares during the last quarter. Finally, Inspire Investing LLC boosted its position in Werner Enterprises by 5.2% in the fourth quarter. Inspire Investing LLC now owns 11,144 shares of the transportation company’s stock worth $400,000 after purchasing an additional 551 shares during the last quarter. 89.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on WERN shares. Stifel Nicolaus boosted their price objective on Werner Enterprises from $30.00 to $35.00 and gave the company a “hold” rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. cut their price objective on Werner Enterprises from $37.00 to $34.00 and set an “underweight” rating for the company in a research note on Wednesday, October 30th. Susquehanna upgraded Werner Enterprises from a “negative” rating to a “neutral” rating and set a $38.00 price objective for the company in a research note on Friday, January 3rd. Morgan Stanley cut their price objective on Werner Enterprises from $55.00 to $52.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th. Finally, Evercore ISI cut their price objective on Werner Enterprises from $35.00 to $32.00 and set an “in-line” rating for the company in a research note on Wednesday, October 30th. Five analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $37.29.

Werner Enterprises Stock Up 2.3 %

Shares of WERN opened at $35.35 on Wednesday. The stock has a market capitalization of $2.18 billion, a price-to-earnings ratio of 64.27, a price-to-earnings-growth ratio of 15.58 and a beta of 0.84. Werner Enterprises, Inc. has a 1 year low of $33.12 and a 1 year high of $42.48. The business’s 50 day simple moving average is $36.73 and its 200-day simple moving average is $37.49. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.53 and a quick ratio of 1.49.

Werner Enterprises (NASDAQ:WERN) last issued its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.15). Werner Enterprises had a return on equity of 2.26% and a net margin of 1.13%. As a group, equities analysts expect that Werner Enterprises, Inc. will post 1.31 earnings per share for the current fiscal year.

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.