Quantinno Capital Management LP Buys 47,977 Shares of Werner Enterprises, Inc. $WERN

Quantinno Capital Management LP grew its stake in shares of Werner Enterprises, Inc. (NASDAQ:WERN) by 293.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 64,309 shares of the transportation company’s stock after buying an additional 47,977 shares during the period. Quantinno Capital Management LP’s holdings in Werner Enterprises were worth $1,891,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. State of Alaska Department of Revenue boosted its position in shares of Werner Enterprises by 1.1% in the fourth quarter. State of Alaska Department of Revenue now owns 30,464 shares of the transportation company’s stock valued at $914,000 after acquiring an additional 336 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Werner Enterprises by 0.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 126,854 shares of the transportation company’s stock worth $3,717,000 after acquiring an additional 401 shares during the period. CANADA LIFE ASSURANCE Co increased its holdings in Werner Enterprises by 0.8% during the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 64,228 shares of the transportation company’s stock worth $1,758,000 after acquiring an additional 503 shares during the period. California State Teachers Retirement System lifted its stake in Werner Enterprises by 1.1% in the 2nd quarter. California State Teachers Retirement System now owns 57,011 shares of the transportation company’s stock worth $1,560,000 after purchasing an additional 601 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in Werner Enterprises by 41.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,324 shares of the transportation company’s stock worth $70,000 after purchasing an additional 679 shares in the last quarter. 89.32% of the stock is owned by hedge funds and other institutional investors.

Werner Enterprises Stock Performance

Werner Enterprises stock opened at $36.43 on Wednesday. The firm’s fifty day moving average price is $41.98 and its 200-day moving average price is $36.68. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.42 and a current ratio of 1.45. The stock has a market cap of $2.19 billion, a P/E ratio of -47.93, a price-to-earnings-growth ratio of 0.65 and a beta of 1.27. Werner Enterprises, Inc. has a fifty-two week low of $23.06 and a fifty-two week high of $47.49.

Werner Enterprises (NASDAQ:WERN) last posted its quarterly earnings data on Tuesday, July 28th. The transportation company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.02). The company had revenue of $813.36 million for the quarter, compared to the consensus estimate of $931.12 million. Werner Enterprises had a positive return on equity of 1.18% and a negative net margin of 1.42%.The business’s revenue was up 24.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.11 earnings per share. On average, equities research analysts expect that Werner Enterprises, Inc. will post 1.13 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Zacks Research cut shares of Werner Enterprises from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 4th. Robert W. Baird raised Werner Enterprises from a “neutral” rating to an “outperform” rating and set a $43.00 price objective for the company in a research note on Thursday, July 30th. JPMorgan Chase & Co. boosted their target price on Werner Enterprises from $37.00 to $39.00 and gave the stock an “underweight” rating in a research report on Wednesday, July 29th. Wall Street Zen upgraded Werner Enterprises from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Finally, UBS Group raised their price target on Werner Enterprises from $33.00 to $37.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $41.54.

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.