Jane Street Group LLC Has $1.61 Million Holdings in Werner Enterprises, Inc. (NASDAQ:WERN)

Jane Street Group LLC reduced its position in shares of Werner Enterprises, Inc. (NASDAQ:WERN) by 59.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 44,810 shares of the transportation company’s stock after selling 64,954 shares during the period. Jane Street Group LLC owned about 0.07% of Werner Enterprises worth $1,610,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in WERN. Headlands Technologies LLC bought a new stake in Werner Enterprises during the fourth quarter worth $39,000. Blue Trust Inc. grew its stake in Werner Enterprises by 64.7% in the 4th quarter. Blue Trust Inc. now owns 1,308 shares of the transportation company’s stock valued at $50,000 after purchasing an additional 514 shares during the period. Sterling Capital Management LLC increased its holdings in Werner Enterprises by 796.3% in the 4th quarter. Sterling Capital Management LLC now owns 1,703 shares of the transportation company’s stock worth $61,000 after acquiring an additional 1,513 shares during the last quarter. Quadrant Capital Group LLC raised its position in shares of Werner Enterprises by 35.7% in the fourth quarter. Quadrant Capital Group LLC now owns 2,431 shares of the transportation company’s stock valued at $87,000 after purchasing an additional 639 shares during the period. Finally, KBC Group NV raised its position in shares of Werner Enterprises by 43.7% in the fourth quarter. KBC Group NV now owns 2,976 shares of the transportation company’s stock valued at $107,000 after purchasing an additional 905 shares during the period. 89.32% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on WERN. Susquehanna lowered their price target on Werner Enterprises from $32.00 to $23.00 and set a “neutral” rating on the stock in a report on Wednesday, April 30th. Stifel Nicolaus reduced their price target on Werner Enterprises from $29.00 to $24.00 and set a “hold” rating on the stock in a research report on Thursday, May 1st. UBS Group cut their price objective on Werner Enterprises from $30.00 to $27.00 and set a “neutral” rating on the stock in a research report on Monday, May 5th. Deutsche Bank Aktiengesellschaft initiated coverage on Werner Enterprises in a research report on Friday, March 7th. They issued a “hold” rating and a $33.00 price objective on the stock. Finally, Evercore ISI cut Werner Enterprises from an “in-line” rating to an “underperform” rating and lowered their target price for the company from $27.00 to $21.00 in a research note on Wednesday, April 30th. Five analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $29.69.

Werner Enterprises Trading Down 0.6%

Shares of NASDAQ WERN opened at $27.85 on Monday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.52 and a quick ratio of 1.48. The stock has a market capitalization of $1.72 billion, a P/E ratio of 50.64 and a beta of 1.09. Werner Enterprises, Inc. has a 1-year low of $23.02 and a 1-year high of $42.48. The business has a fifty day moving average price of $28.18 and a 200 day moving average price of $33.74.

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

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.