The Manufacturers Life Insurance Company boosted its stake in shares of Werner Enterprises, Inc. (NASDAQ:WERN) by 8.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 109,204 shares of the transportation company’s stock after acquiring an additional 8,134 shares during the quarter. The Manufacturers Life Insurance Company ‘s holdings in Werner Enterprises were worth $4,222,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently bought and sold shares of the business. Prudential Financial Inc. raised its stake in shares of Werner Enterprises by 29.4% during the 3rd quarter. Prudential Financial Inc. now owns 39,595 shares of the transportation company’s stock worth $1,447,000 after buying an additional 9,000 shares in the last quarter. Stevens Capital Management LP purchased a new position in shares of Werner Enterprises during the 3rd quarter worth approximately $657,000. Engineers Gate Manager LP purchased a new position in shares of Werner Enterprises during the 4th quarter worth approximately $2,768,000. 361 Capital LLC purchased a new position in shares of Werner Enterprises during the 3rd quarter worth approximately $1,132,000. Finally, Cigna Investments Inc. New purchased a new position in shares of Werner Enterprises during the 4th quarter worth approximately $1,315,000. 65.13% of the stock is owned by institutional investors.
A number of equities analysts have recently issued reports on WERN shares. Zacks Investment Research raised Werner Enterprises from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a research note on Tuesday, December 26th. Cowen reissued an “underperform” rating and set a $36.00 target price (up from $30.00) on shares of Werner Enterprises in a research note on Tuesday, January 30th. Robert W. Baird increased their target price on Werner Enterprises from $41.00 to $43.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 30th. UBS Group raised Werner Enterprises from a “neutral” rating to a “buy” rating and increased their target price for the stock from $37.00 to $47.00 in a research note on Friday, January 5th. Finally, BidaskClub raised Werner Enterprises from a “buy” rating to a “strong-buy” rating in a research note on Thursday, December 21st. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $39.87.
Werner Enterprises (NASDAQ:WERN) last released its quarterly earnings data on Monday, January 29th. The transportation company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.03. Werner Enterprises had a return on equity of 8.64% and a net margin of 9.59%. The firm had revenue of $567.37 million during the quarter, compared to the consensus estimate of $554.58 million. During the same period last year, the business posted $0.30 EPS. Werner Enterprises’s quarterly revenue was up 9.4% on a year-over-year basis. equities analysts predict that Werner Enterprises, Inc. will post 1.97 earnings per share for the current fiscal year.
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Werner Enterprises Profile
Werner Enterprises, Inc is a transportation and logistics company. The Company is engaged in transporting truckload shipments of general commodities in both interstate and intrastate commerce. It operates through two segments: Truckload and Werner Logistics. It provides logistics services through its Werner Logistics division.
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