12th Street Asset Management Company Lowers stake in Werner Enterprises (WERN)

Werner Enterprises (WERN) : 12th Street Asset Management Company reduced its stake in Werner Enterprises by 49.76% during the most recent quarter end. The investment management company now holds a total of 246,916 shares of Werner Enterprises which is valued at $5,777,834 after selling 244,579 shares in Werner Enterprises , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Werner Enterprises makes up approximately 2.20% of 12th Street Asset Management Company’s portfolio.

Other Hedge Funds, Including , Tiaa Cref Investment Management reduced its stake in WERN by selling 5,369 shares or 3.74% in the most recent quarter. The Hedge Fund company now holds 138,192 shares of WERN which is valued at $3,233,693.Royce Associates Lp reduced its stake in WERN by selling 147,570 shares or 7.84% in the most recent quarter. The Hedge Fund company now holds 1,734,727 shares of WERN which is valued at $40,904,863. Werner Enterprises makes up approx 0.25% of Royce Associates Lp’s portfolio.Great West Life Assurance Co Can boosted its stake in WERN in the latest quarter, The investment management firm added 21,463 additional shares and now holds a total of 25,619 shares of Werner Enterprises which is valued at $620,748. Capital Fund Management S.a. added WERN to its portfolio by purchasing 104,000 company shares during the most recent quarter which is valued at $2,568,800. Werner Enterprises makes up approx 0.04% of Capital Fund Management S.a.’s portfolio.

Werner Enterprises opened for trading at $23.95 and hit $24.49 on the upside on Tuesday, eventually ending the session at $24.36, with a gain of 1.97% or 0.47 points. The heightened volatility saw the trading volume jump to 11,99,793 shares. Company has a market cap of $1,755 M.

On the company’s financial health, Werner Enterprises reported $0.28 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on Apr 20, 2016. Analyst had a consensus of $0.32. The company had revenue of $482.80 million for the quarter, compared to analysts expectations of $494.68 million. The company’s revenue was down -2.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.32 EPS.

Many Wall Street Analysts have commented on Werner Enterprises. Company shares were Reiterated by Cowen on Jul 22, 2016 to “Market Perform”, Firm has raised the Price Target to $ 24 from a previous price target of $23 .Shares were Reiterated by RBC Capital Mkts on Jun 21, 2016 to “Outperform” and Lowered the Price Target to $ 28 from a previous price target of $32 .Werner Enterprises was Downgraded by JP Morgan to ” Neutral” on Jun 21, 2016.

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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