Net Worth Advisory Group Purchases Shares of 6,478 Werner Enterprises, Inc. (NASDAQ:WERN)

Net Worth Advisory Group acquired a new position in Werner Enterprises, Inc. (NASDAQ:WERN) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 6,478 shares of the transportation company’s stock, valued at approximately $250,000.

A number of other large investors also recently added to or reduced their stakes in the business. Massmutual Trust Co. FSB ADV boosted its position in shares of Werner Enterprises by 390.1% during the second quarter. Massmutual Trust Co. FSB ADV now owns 740 shares of the transportation company’s stock worth $27,000 after acquiring an additional 589 shares during the last quarter. 1620 Investment Advisors Inc. bought a new position in shares of Werner Enterprises during the 2nd quarter valued at about $29,000. Canada Pension Plan Investment Board bought a new position in shares of Werner Enterprises during the 2nd quarter valued at about $29,000. Quest Partners LLC purchased a new stake in shares of Werner Enterprises in the second quarter worth about $30,000. Finally, GAMMA Investing LLC boosted its stake in Werner Enterprises by 145.7% during the third quarter. GAMMA Investing LLC now owns 801 shares of the transportation company’s stock valued at $31,000 after buying an additional 475 shares during the last quarter. 89.32% of the stock is owned by hedge funds and other institutional investors.

Werner Enterprises Stock Up 0.9 %

NASDAQ:WERN opened at $37.77 on Monday. The stock has a fifty day simple moving average of $37.02 and a 200-day simple moving average of $36.75. The company has a current ratio of 1.69, a quick ratio of 1.64 and a debt-to-equity ratio of 0.45. The company has a market cap of $2.33 billion, a price-to-earnings ratio of 38.15, a price-to-earnings-growth ratio of 11.84 and a beta of 0.79. Werner Enterprises, Inc. has a twelve month low of $33.12 and a twelve month high of $43.26.

Werner Enterprises (NASDAQ:WERN) last released its quarterly earnings data on Tuesday, July 30th. The transportation company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.03). The company had revenue of $760.80 million during the quarter, compared to analysts’ expectations of $769.81 million. Werner Enterprises had a net margin of 1.99% and a return on equity of 4.70%. Werner Enterprises’s quarterly revenue was down 6.2% on a year-over-year basis. During the same period last year, the firm earned $0.52 earnings per share. Analysts anticipate that Werner Enterprises, Inc. will post 0.87 EPS for the current year.

Werner Enterprises Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 23rd. Investors of record on Monday, October 7th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Monday, October 7th. This represents a $0.56 annualized dividend and a yield of 1.48%. Werner Enterprises’s dividend payout ratio (DPR) is currently 56.57%.

Analyst Ratings Changes

WERN has been the topic of a number of research reports. StockNews.com downgraded Werner Enterprises from a “hold” rating to a “sell” rating in a research note on Tuesday, July 16th. UBS Group cut shares of Werner Enterprises from a “buy” rating to a “neutral” rating and set a $39.00 price objective for the company. in a research note on Tuesday, July 9th. TD Cowen upped their target price on shares of Werner Enterprises from $38.00 to $43.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. JPMorgan Chase & Co. lifted their price target on Werner Enterprises from $32.00 to $37.00 and gave the stock an “underweight” rating in a research report on Wednesday, July 31st. Finally, Citigroup started coverage on Werner Enterprises in a research report on Wednesday, October 9th. They set a “sell” rating and a $34.00 price objective on the stock. Seven equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Werner Enterprises presently has an average rating of “Hold” and an average price target of $37.57.

Werner Enterprises 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.