November 21, 2016 - By Winifred Garcia · 0 Comments
The stock of Werner Enterprises Incorporated (NASDAQ:WERN) registered a decrease of 0.8% in short interest. WERN’s total short interest was 5.32M shares in November as published by FINRA. Its down 0.8% from 5.36M shares, reported previously. With 538,400 shares average volume, it will take short sellers 10 days to cover their WERN’s short positions. The short interest to Werner Enterprises Incorporated’s float is 11.95%. About 110,954 shares traded hands. Werner Enterprises, Inc. (NASDAQ:WERN) has declined 4.85% since April 19, 2016 and is downtrending. It has underperformed by 8.71% the S&P500.
Werner Enterprises, Inc. is a transportation and logistics company. The company has a market cap of $1.98 billion. The Firm is engaged in transporting truckload shipments of general commodities in both interstate and intrastate commerce. It has a 21.05 P/E ratio. The Firm operates through two divisions: Truckload Transportation Services and Value Added Services (VAS).
Insitutional Activity: The institutional sentiment decreased to 0.99 in 2016 Q2. Its down 0.04, from 1.03 in 2016Q1. The ratio dropped, as 30 funds sold all Werner Enterprises, Inc. shares owned while 50 reduced positions. 19 funds bought stakes while 63 increased positions. They now own 42.00 million shares or 11.78% less from 47.61 million shares in 2016Q1.
The New York-based Jpmorgan Chase & has invested 0% in Werner Enterprises, Inc. (NASDAQ:WERN). Vanguard Group holds 0% of its portfolio in Werner Enterprises, Inc. (NASDAQ:WERN) for 3.14M shares. Wcm Inv Ca accumulated 267,960 shares or 0.1% of the stock. Moreover, Manufacturers Life Insurance The has 0% invested in Werner Enterprises, Inc. (NASDAQ:WERN) for 89,663 shares. Retirement Sys Of Alabama accumulated 0.01% or 57,619 shares. Fairpointe Capital Ltd Liability Corp last reported 3.40 million shares in the company. Epoch Inv Partners accumulated 1.22M shares or 0.11% of the stock. Ls Investment Advisors Limited Co last reported 2,697 shares in the company. Goldman Sachs Grp Incorporated holds 0% of its portfolio in Werner Enterprises, Inc. (NASDAQ:WERN) for 587,770 shares. Citigroup accumulated 12,312 shares or 0% of the stock. Farmers And Merchants Invs Incorporated accumulated 0% or 1,561 shares. D E Shaw And holds 17,167 shares or 0% of its portfolio. Dimensional Fund Advisors Limited Partnership has 4.79M shares for 0.06% of their US portfolio. Credit Suisse Ag has 87,206 shares for 0% of their US portfolio. Citadel Advsrs, a Illinois-based fund reported 138,660 shares.
Insider Transactions: Since November 10, 2016, the stock had 1 insider buy, and 0 insider sales for $15,630 net activity. On Thursday, November 10 the insider BIRD KENNETH M bought $15,630.
Out of 17 analysts covering Werner Enterprises Inc (NASDAQ:WERN), 2 rate it a “Buy”, 1 “Sell”, while 14 “Hold”. This means 12% are positive. Werner Enterprises Inc has been the topic of 33 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock has “Neutral” rating given by Bank of America on Monday, February 22. The company was initiated on Friday, June 3 by Evercore. The firm has “Neutral” rating by Citigroup given on Monday, July 11. The firm has “Hold” rating by Deutsche Bank given on Tuesday, June 21. Morgan Stanley maintained the stock with “Overweight” rating in Thursday, April 21 report. On Wednesday, October 21 the stock rating was maintained by Cowen & Co with “Market Perform”. Cowen & Co maintained it with “Market Perform” rating and $24 target price in Friday, July 22 report. The firm earned “Equal Weight” rating on Tuesday, January 12 by Barclays Capital. Wells Fargo downgraded the shares of WERN in a report on Monday, May 9 to “Market Perform” rating. Stifel Nicolaus upgraded the stock to “Buy” rating in Monday, January 4 report.
Werner Enterprises, Inc., incorporated on September 14, 1982, is a transportation and logistics company. The Firm is engaged in transporting truckload shipments of general commodities in both interstate and intrastate commerce. The Firm operates through two divisions: Truckload Transportation Services (Truckload) and Value Added Services (VAS). The Firm also provides logistics services through its VAS division. The Firm has a fleet of approximately 7,450 trucks, of which over 6,640 are Company-operated and over 810 are owned and operated by independent contractors. The Company’s VAS division operates over 60 additional intermodal drayage trucks.
More notable recent Werner Enterprises, Inc. (NASDAQ:WERN) news were published by: Wsj.com which released: “Werner Enterprises: Weak Freight Market, Pay Raises to Hurt Profits” on June 20, 2016, also Wsj.com with their article: “Logistics Movers: Derek Leathers Named CEO at Werner Enterprises” published on May 10, 2016, Nasdaq.com published: “Werner Enterprises Reaches Analyst Target Price” on November 09, 2016. More interesting news about Werner Enterprises, Inc. (NASDAQ:WERN) were released by: Globenewswire.com and their article: “Werner Enterprises Celebrates 10 Years in China” published on November 17, 2016 as well as Globenewswire.com‘s news article titled: “Werner Enterprises Honored with Excellence in Worksite Wellness Award” with publication date: October 14, 2016.
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By Winifred Garcia