Public Sector Pension Investment Board Has $6.14 Million Position in Werner Enterprises, Inc. $WERN

Public Sector Pension Investment Board lifted its stake in shares of Werner Enterprises, Inc. (NASDAQ:WERN) by 10.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 233,369 shares of the transportation company’s stock after purchasing an additional 22,710 shares during the quarter. Public Sector Pension Investment Board owned 0.39% of Werner Enterprises worth $6,142,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Allianz Asset Management GmbH boosted its position in Werner Enterprises by 52.3% during the 3rd quarter. Allianz Asset Management GmbH now owns 573,891 shares of the transportation company’s stock worth $15,105,000 after buying an additional 197,155 shares during the period. Thrivent Financial for Lutherans raised its stake in shares of Werner Enterprises by 19.0% during the third quarter. Thrivent Financial for Lutherans now owns 174,842 shares of the transportation company’s stock valued at $4,602,000 after acquiring an additional 27,869 shares during the last quarter. Creative Planning lifted its holdings in shares of Werner Enterprises by 22.0% during the second quarter. Creative Planning now owns 76,426 shares of the transportation company’s stock worth $2,091,000 after purchasing an additional 13,782 shares during the period. American Century Companies Inc. grew its stake in shares of Werner Enterprises by 5.1% in the second quarter. American Century Companies Inc. now owns 2,280,995 shares of the transportation company’s stock worth $62,408,000 after purchasing an additional 110,468 shares during the last quarter. Finally, Squarepoint Ops LLC increased its holdings in Werner Enterprises by 59.5% in the second quarter. Squarepoint Ops LLC now owns 179,372 shares of the transportation company’s stock valued at $4,908,000 after purchasing an additional 66,927 shares during the period. Institutional investors own 89.32% of the company’s stock.

Werner Enterprises Trading Up 0.6%

Shares of WERN opened at $33.94 on Thursday. The business has a 50-day moving average of $32.82 and a 200 day moving average of $29.14. Werner Enterprises, Inc. has a fifty-two week low of $23.02 and a fifty-two week high of $38.45. The firm has a market cap of $2.03 billion, a P/E ratio of -141.42, a price-to-earnings-growth ratio of 0.79 and a beta of 1.08. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.90 and a current ratio of 1.94.

Werner Enterprises (NASDAQ:WERN) last released its quarterly earnings data on Thursday, February 5th. The transportation company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.04). Werner Enterprises had a negative net margin of 0.48% and a positive return on equity of 0.04%. The business had revenue of $737.64 million for the quarter, compared to analysts’ expectations of $767.51 million. During the same period last year, the company earned $0.08 earnings per share. Werner Enterprises’s revenue for the quarter was down 2.3% compared to the same quarter last year. As a group, research analysts forecast that Werner Enterprises, Inc. will post 1.27 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. JPMorgan Chase & Co. lowered their price target on shares of Werner Enterprises from $30.00 to $28.00 and set an “underweight” rating for the company in a report on Friday, February 6th. Stifel Nicolaus raised their price target on shares of Werner Enterprises from $26.00 to $29.00 and gave the stock a “hold” rating in a report on Wednesday, January 14th. Morgan Stanley increased their target price on Werner Enterprises from $36.00 to $37.00 and gave the stock an “overweight” rating in a report on Monday, December 8th. Barclays upped their price target on Werner Enterprises from $28.00 to $33.00 and gave the stock an “equal weight” rating in a report on Thursday, January 15th. Finally, Wells Fargo & Company raised their price objective on Werner Enterprises from $34.00 to $39.00 and gave the company an “equal weight” rating in a research note on Friday, February 6th. Two equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat, Werner Enterprises currently has an average rating of “Reduce” and a consensus target price of $33.14.

Werner Enterprises Company Profile

Werner Enterprises, Inc, founded in 1956 by Clarence L. “Chris” Werner, is a leading transportation and logistics provider based in Omaha, Nebraska. The company began as a one‐truck operation and has since grown into one of North America’s largest carriers, offering an array of services to support diverse supply chains.

Werner’s core business activities include full truckload dry van services, dedicated contract carriage, intermodal transport and brokerage solutions. The company also provides value-added services such as warehousing, freight management and fleet maintenance through its network of terminals and service centers.