International Assets Investment Management LLC Buys 1,482 Shares of Werner Enterprises, Inc. (NASDAQ:WERN)

International Assets Investment Management LLC raised its stake in Werner Enterprises, Inc. (NASDAQ:WERN) by 2,390.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,544 shares of the transportation company’s stock after purchasing an additional 1,482 shares during the period. International Assets Investment Management LLC’s holdings in Werner Enterprises were worth $60,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in WERN. First Eagle Investment Management LLC increased its position in Werner Enterprises by 34.9% in the 1st quarter. First Eagle Investment Management LLC now owns 327,948 shares of the transportation company’s stock valued at $12,829,000 after buying an additional 84,800 shares in the last quarter. AQR Capital Management LLC increased its holdings in shares of Werner Enterprises by 65.5% during the second quarter. AQR Capital Management LLC now owns 879,371 shares of the transportation company’s stock valued at $31,455,000 after acquiring an additional 348,154 shares in the last quarter. Quantbot Technologies LP raised its position in shares of Werner Enterprises by 542.7% during the first quarter. Quantbot Technologies LP now owns 32,963 shares of the transportation company’s stock worth $1,290,000 after purchasing an additional 27,834 shares during the period. Raymond James & Associates lifted its holdings in shares of Werner Enterprises by 14.8% in the 2nd quarter. Raymond James & Associates now owns 252,504 shares of the transportation company’s stock worth $9,047,000 after purchasing an additional 32,503 shares in the last quarter. Finally, Jane Street Group LLC grew its position in Werner Enterprises by 90.8% in the 1st quarter. Jane Street Group LLC now owns 176,164 shares of the transportation company’s stock valued at $6,892,000 after purchasing an additional 83,819 shares during the period. Institutional investors and hedge funds own 89.32% of the company’s stock.

Werner Enterprises Stock Performance

Shares of WERN stock opened at $40.23 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.49 and a current ratio of 1.53. The firm has a market cap of $2.49 billion, a price-to-earnings ratio of 55.11, a P/E/G ratio of 13.71 and a beta of 0.80. Werner Enterprises, Inc. has a 52 week low of $33.12 and a 52 week high of $43.26. The firm’s 50-day simple moving average is $37.27 and its two-hundred day simple moving average is $36.86.

Werner Enterprises (NASDAQ:WERN) last posted its quarterly earnings results on Tuesday, October 29th. The transportation company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.06). Werner Enterprises had a return on equity of 3.58% and a net margin of 1.48%. The company had revenue of $745.70 million during the quarter, compared to the consensus estimate of $765.24 million. During the same period last year, the firm posted $0.42 EPS. The company’s revenue for the quarter was down 8.8% compared to the same quarter last year. As a group, equities analysts forecast that Werner Enterprises, Inc. will post 0.74 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on WERN. Susquehanna lowered their price objective on shares of Werner Enterprises from $30.00 to $28.00 and set a “negative” rating on the stock in a report on Friday, November 1st. StockNews.com cut shares of Werner Enterprises from a “hold” rating to a “sell” rating in a research report on Tuesday, July 16th. The Goldman Sachs Group decreased their price objective on Werner Enterprises from $37.00 to $33.00 and set a “sell” rating for the company in a report on Wednesday, October 9th. Citigroup began coverage on Werner Enterprises in a report on Wednesday, October 9th. They issued a “sell” rating and a $34.00 target price on the stock. Finally, TD Cowen upped their price target on Werner Enterprises from $40.00 to $41.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Seven research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Werner Enterprises has a consensus rating of “Hold” and an average price target of $36.29.

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.