Copper Rock Capital Partners Lowers stake in Werner Enterprises (WERN)

Werner Enterprises (WERN) : Copper Rock Capital Partners reduced its stake in Werner Enterprises by 0.57% during the most recent quarter end. The investment management company now holds a total of 794,263 shares of Werner Enterprises which is valued at $20.8 Million after selling 4,588 shares in Werner Enterprises according to a report filed by the company on Apr 5, 2016 with the SEC.Werner Enterprises makes up approximately 1.83% of Copper Rock Capital Partners’s portfolio.

Other Hedge Funds, Including , Weaver C. Barksdale Associates reduced its stake in WERN by selling 43 shares or 12.29% in the most recent quarter. The Hedge Fund company now holds 307 shares of WERN which is valued at $8,056. Werner Enterprises makes up approx 0.01% of Weaver C. Barksdale Associates’s portfolio.

On the company’s financial health, Werner Enterprises reported $0.51 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Jan 28, 2016. Analyst had a consensus of $0.46. The company had revenue of $528.75 million for the quarter, compared to analysts expectations of $547.55 million. The company’s revenue was down -4.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.45 EPS.

Many Wall Street Analysts have commented on Werner Enterprises. Werner Enterprises was Downgraded by Avondale to ” Mkt Perform” on Mar 14, 2016. Werner Enterprises was Initiated by JP Morgan to “Overweight” on Feb 29, 2016. Werner Enterprises was Upgraded by Morgan Stanley to ” Overweight” on Feb 23, 2016.

Werner Enterprises opened for trading at $26.21 and hit $26.57 on the upside on Monday, eventually ending the session at $26.24, with a gain of 0.31% or 0.08 points. The heightened volatility saw the trading volume jump to 4,42,716 shares. Company has a market cap of $1,890 M.

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. The Company also provides logistics services through its Value Added Services (VAS) division. The Company operates through two segments: Truckload Transportation Services (Truckload) and VAS. Truckload segment comprises the One-Way Truckload and Specialized Services units. The Company’s VAS segment is a non-asset-based transportation and logistics provider. The Company has a fleet of approximately 7050 trucks of which approximately 6400 were company-operated and approximately 650 were owned and operated by independent contractors. Its VAS division operates approximately 55 intermodal drayage trucks.

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