Werner Enterprises, Inc. (NASDAQ:WERN) Shares Purchased by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. boosted its holdings in shares of Werner Enterprises, Inc. (NASDAQ:WERN) by 15.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 35,637 shares of the transportation company’s stock after purchasing an additional 4,818 shares during the quarter. Jacobs Levy Equity Management Inc. owned approximately 0.06% of Werner Enterprises worth $1,280,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of WERN. Barclays PLC boosted its position in Werner Enterprises by 12.8% during the third quarter. Barclays PLC now owns 435,447 shares of the transportation company’s stock worth $16,804,000 after purchasing an additional 49,568 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Werner Enterprises by 0.7% during the third quarter. JPMorgan Chase & Co. now owns 85,815 shares of the transportation company’s stock worth $3,312,000 after purchasing an additional 559 shares in the last quarter. Diversify Wealth Management LLC boosted its position in Werner Enterprises by 43.4% during the fourth quarter. Diversify Wealth Management LLC now owns 10,660 shares of the transportation company’s stock worth $367,000 after purchasing an additional 3,226 shares in the last quarter. SG Americas Securities LLC boosted its position in Werner Enterprises by 59.1% during the fourth quarter. SG Americas Securities LLC now owns 4,187 shares of the transportation company’s stock worth $150,000 after purchasing an additional 1,555 shares in the last quarter. Finally, Inspire Investing LLC boosted its position in Werner Enterprises by 5.2% during 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 in the last quarter. Hedge funds and other institutional investors own 89.32% of the company’s stock.

Werner Enterprises Price Performance

NASDAQ:WERN opened at $27.85 on Friday. Werner Enterprises, Inc. has a 52 week low of $23.02 and a 52 week high of $42.48. The company has a quick ratio of 1.48, a current ratio of 1.52 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $1.72 billion, a P/E ratio of 50.64 and a beta of 1.09. The stock’s fifty day moving average is $28.18 and its two-hundred day moving average is $33.79.

Werner Enterprises (NASDAQ:WERN) last posted its earnings results on Tuesday, April 29th. The transportation company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.24). Werner Enterprises had a net margin of 1.13% and a return on equity of 2.27%. The business had revenue of $712.11 million during the quarter, compared to analysts’ expectations of $738.41 million. During the same quarter in the prior year, the firm earned $0.14 EPS. Werner Enterprises’s revenue for the quarter was down 7.4% compared to the same quarter last year. Equities analysts expect that Werner Enterprises, Inc. will post 1.27 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on WERN shares. Barclays lowered their price target on Werner Enterprises from $32.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 30th. Susquehanna lowered their price target on Werner Enterprises from $32.00 to $23.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 30th. UBS Group lowered their price target on Werner Enterprises from $30.00 to $27.00 and set a “neutral” rating on the stock in a research note on Monday, May 5th. Deutsche Bank Aktiengesellschaft began coverage on Werner Enterprises in a research note on Friday, March 7th. They issued a “hold” rating and a $33.00 price target on the stock. Finally, The Goldman Sachs Group lowered their price target on Werner Enterprises from $28.00 to $25.00 and set a “sell” rating on the stock in a research note on Wednesday, April 30th. Five research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $29.69.

Werner Enterprises Company 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.