Amalgamated Bank Sells 1,104 Shares of Werner Enterprises, Inc. (NASDAQ:WERN)

Amalgamated Bank decreased its position in shares of Werner Enterprises, Inc. (NASDAQ:WERN) by 5.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 18,268 shares of the transportation company’s stock after selling 1,104 shares during the period. Amalgamated Bank’s holdings in Werner Enterprises were worth $705,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. US Bancorp DE grew its holdings in Werner Enterprises by 271.1% during the 3rd quarter. US Bancorp DE now owns 4,776 shares of the transportation company’s stock valued at $184,000 after buying an additional 3,489 shares in the last quarter. Congress Asset Management Co. grew its holdings in shares of Werner Enterprises by 10.1% in the third quarter. Congress Asset Management Co. now owns 369,658 shares of the transportation company’s stock valued at $14,265,000 after purchasing an additional 33,891 shares in the last quarter. Diversify Wealth Management LLC grew its holdings in shares of Werner Enterprises by 13.9% in the third quarter. Diversify Wealth Management LLC now owns 7,434 shares of the transportation company’s stock valued at $279,000 after purchasing an additional 906 shares in the last quarter. Pinnacle Associates Ltd. boosted its stake in Werner Enterprises by 2.0% during the third quarter. Pinnacle Associates Ltd. now owns 460,453 shares of the transportation company’s stock worth $19,509,000 after buying an additional 9,143 shares during the period. Finally, abrdn plc boosted its stake in Werner Enterprises by 26.9% during the third quarter. abrdn plc now owns 497,430 shares of the transportation company’s stock worth $19,196,000 after buying an additional 105,488 shares during the period. Institutional investors own 89.32% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on WERN shares. TD Cowen lifted their target price on Werner Enterprises from $40.00 to $41.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. decreased their price objective on Werner Enterprises from $37.00 to $34.00 and set an “underweight” rating for the company in a report on Wednesday, October 30th. Susquehanna reduced their target price on shares of Werner Enterprises from $30.00 to $28.00 and set a “negative” rating for the company in a report on Friday, November 1st. Barclays boosted their target price on shares of Werner Enterprises from $36.00 to $40.00 and gave the stock an “equal weight” rating in a report on Wednesday. Finally, Stifel Nicolaus dropped their price target on Werner Enterprises from $33.00 to $32.00 and set a “hold” rating on the stock in a research note on Monday, November 4th. Seven analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Werner Enterprises has a consensus rating of “Hold” and an average target price of $36.57.

Werner Enterprises Trading Down 1.5 %

NASDAQ:WERN opened at $39.62 on Friday. The stock’s 50 day moving average price is $37.75 and its 200 day moving average price is $37.09. The company has a market capitalization of $2.45 billion, a PE ratio of 54.27, a P/E/G ratio of 16.02 and a beta of 0.80. The company has a quick ratio of 1.49, a current ratio of 1.53 and a debt-to-equity ratio of 0.48. Werner Enterprises, Inc. has a 52-week low of $33.12 and a 52-week high of $43.26.

Werner Enterprises (NASDAQ:WERN) last posted its quarterly earnings results on Tuesday, October 29th. The transportation company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.06). The firm had revenue of $745.70 million for the quarter, compared to analysts’ expectations of $765.24 million. Werner Enterprises had a return on equity of 3.58% and a net margin of 1.48%. The company’s revenue for the quarter was down 8.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.42 earnings per share. On average, research analysts anticipate that Werner Enterprises, Inc. will post 0.69 EPS for the current 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.