Bank of Montreal Can Has $1.60 Million Position in Werner Enterprises, Inc. (WERN)

Bank of Montreal Can lessened its holdings in Werner Enterprises, Inc. (NASDAQ:WERN) by 4.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 41,357 shares of the transportation company’s stock after selling 2,133 shares during the period. Bank of Montreal Can owned 0.06% of Werner Enterprises worth $1,599,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in WERN. Hodges Capital Management Inc. acquired a new stake in shares of Werner Enterprises in the 3rd quarter valued at $13,171,000. 1060 Capital LLC acquired a new stake in shares of Werner Enterprises in the 3rd quarter valued at $8,588,000. Russell Investments Group Ltd. lifted its stake in shares of Werner Enterprises by 1,042.8% in the 3rd quarter. Russell Investments Group Ltd. now owns 196,569 shares of the transportation company’s stock valued at $7,184,000 after purchasing an additional 179,369 shares during the last quarter. Graticule Asia Macro Advisors LLC acquired a new stake in shares of Werner Enterprises in the 3rd quarter valued at $5,483,000. Finally, DSAM Partners London Ltd acquired a new stake in shares of Werner Enterprises in the 3rd quarter valued at $4,386,000. 65.55% of the stock is owned by institutional investors and hedge funds.

Werner Enterprises, Inc. (WERN) opened at $38.55 on Thursday. Werner Enterprises, Inc. has a twelve month low of $24.20 and a twelve month high of $43.95. The company has a current ratio of 1.72, a quick ratio of 1.67 and a debt-to-equity ratio of 0.06. The stock has a market cap of $2,790.00, a PE ratio of 13.82, a PEG ratio of 1.27 and a beta of 0.93.

Werner Enterprises (NASDAQ:WERN) last posted its quarterly earnings data on Monday, January 29th. The transportation company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.03. Werner Enterprises had a net margin of 9.59% and a return on equity of 8.64%. The company had revenue of $567.37 million for the quarter, compared to the consensus estimate of $554.58 million. During the same quarter in the previous year, the firm posted $0.30 EPS. The business’s revenue was up 9.4% compared to the same quarter last year. equities research analysts forecast that Werner Enterprises, Inc. will post 1.97 earnings per share for the current year.

Several equities research analysts recently issued reports on WERN shares. Stephens reaffirmed a “buy” rating and issued a $48.00 price objective on shares of Werner Enterprises in a research note on Wednesday, January 10th. Zacks Investment Research raised shares of Werner Enterprises from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a research report on Saturday, January 6th. UBS Group raised shares of Werner Enterprises from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $37.00 to $47.00 in a research report on Friday, January 5th. BidaskClub lowered shares of Werner Enterprises from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 5th. Finally, Wells Fargo & Co boosted their target price on shares of Werner Enterprises from $29.00 to $35.00 and gave the stock a “market perform” rating in a research report on Friday, October 20th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $39.13.

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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.

Institutional Ownership by Quarter for Werner Enterprises (NASDAQ:WERN)

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