Empower Advisory Group LLC Grows Stock Position in Werner Enterprises, Inc. (NASDAQ:WERN)

Empower Advisory Group LLC boosted its position in shares of Werner Enterprises, Inc. (NASDAQ:WERN) by 4.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 379,236 shares of the transportation company’s stock after buying an additional 16,450 shares during the quarter. Empower Advisory Group LLC’s holdings in Werner Enterprises were worth $13,622,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of WERN. SG Americas Securities LLC bought a new position in Werner Enterprises during the 3rd quarter valued at about $102,000. Net Worth Advisory Group bought a new position in shares of Werner Enterprises during the third quarter valued at approximately $250,000. Allspring Global Investments Holdings LLC lifted its stake in shares of Werner Enterprises by 3.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,516,893 shares of the transportation company’s stock worth $58,537,000 after acquiring an additional 56,551 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in Werner Enterprises by 2,390.3% during the 3rd quarter. International Assets Investment Management LLC now owns 1,544 shares of the transportation company’s stock valued at $60,000 after acquiring an additional 1,482 shares during the period. Finally, Moody Aldrich Partners LLC bought a new position in Werner Enterprises in the 3rd quarter valued at $2,316,000. Institutional investors own 89.32% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. JPMorgan Chase & Co. decreased their target price on Werner Enterprises from $37.00 to $34.00 and set an “underweight” rating for the company in a research report on Wednesday, October 30th. TD Cowen lifted their price objective on shares of Werner Enterprises from $40.00 to $41.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Stifel Nicolaus upped their target price on shares of Werner Enterprises from $30.00 to $35.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. Susquehanna raised shares of Werner Enterprises from a “negative” rating to a “neutral” rating and set a $38.00 price target for the company in a research note on Friday, January 3rd. Finally, Morgan Stanley lowered their price target on Werner Enterprises from $55.00 to $52.00 and set an “overweight” rating for the company in a report on Wednesday, October 30th. Five equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $37.29.

Werner Enterprises Price Performance

Shares of WERN stock opened at $34.81 on Tuesday. The stock’s 50-day moving average is $36.34 and its 200 day moving average is $37.36. Werner Enterprises, Inc. has a 1-year low of $33.12 and a 1-year high of $42.48. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.53 and a quick ratio of 1.49. The company has a market cap of $2.15 billion, a P/E ratio of 63.29, a PEG ratio of 15.58 and a beta of 0.84.

Werner Enterprises (NASDAQ:WERN) last released its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.15). Werner Enterprises had a net margin of 1.13% and a return on equity of 2.26%. Research analysts predict that Werner Enterprises, Inc. will post 1.31 earnings per share 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.