Werner Enterprises, Inc. (NASDAQ:WERN) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC cut its position in Werner Enterprises, Inc. (NASDAQ:WERNFree Report) by 10.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,393 shares of the transportation company’s stock after selling 758 shares during the period. Nisa Investment Advisors LLC’s holdings in Werner Enterprises were worth $230,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in WERN. Nuance Investments LLC lifted its holdings in Werner Enterprises by 24.5% in the 3rd quarter. Nuance Investments LLC now owns 3,943,893 shares of the transportation company’s stock valued at $152,195,000 after purchasing an additional 776,277 shares in the last quarter. abrdn plc raised its position in shares of Werner Enterprises by 26.9% in the third quarter. abrdn plc now owns 497,430 shares of the transportation company’s stock valued at $19,196,000 after buying an additional 105,488 shares during the last quarter. Moody Aldrich Partners LLC purchased a new position in shares of Werner Enterprises in the third quarter worth about $2,316,000. Allspring Global Investments Holdings LLC boosted its position in Werner Enterprises by 3.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,516,893 shares of the transportation company’s stock worth $58,537,000 after acquiring an additional 56,551 shares during the last quarter. Finally, Barclays PLC boosted its position in Werner Enterprises by 12.8% during the third quarter. Barclays PLC now owns 435,447 shares of the transportation company’s stock worth $16,804,000 after acquiring an additional 49,568 shares during the last quarter. 89.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Susquehanna raised shares of Werner Enterprises from a “negative” rating to a “neutral” rating and set a $38.00 target price on the stock in a research note on Friday, January 3rd. Evercore ISI reduced their target price on shares of Werner Enterprises from $35.00 to $32.00 and set an “in-line” rating on the stock in a research note on Wednesday, October 30th. JPMorgan Chase & Co. decreased their target price on shares of Werner Enterprises from $37.00 to $34.00 and set an “underweight” rating on the stock in a report on Wednesday, October 30th. TD Cowen raised their price target on shares of Werner Enterprises from $40.00 to $41.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Finally, Citigroup began coverage on Werner Enterprises in a report on Wednesday, October 9th. They issued a “sell” rating and a $34.00 price objective on the stock. Six analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $37.50.

Get Our Latest Research Report on Werner Enterprises

Werner Enterprises Trading Down 1.0 %

NASDAQ:WERN opened at $36.85 on Thursday. The stock has a fifty day moving average price of $37.66 and a 200 day moving average price of $37.62. The company has a current ratio of 1.53, a quick ratio of 1.49 and a debt-to-equity ratio of 0.48. Werner Enterprises, Inc. has a 12-month low of $33.12 and a 12-month high of $42.48. The firm has a market cap of $2.28 billion, a PE ratio of 50.48, a price-to-earnings-growth ratio of 16.15 and a beta of 0.84.

Werner Enterprises (NASDAQ:WERNGet Free Report) last released its quarterly earnings data on Tuesday, October 29th. The transportation company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.06). The firm had revenue of $745.70 million for the quarter, compared to analysts’ expectations of $765.24 million. Werner Enterprises had a return on equity of 3.58% and a net margin of 1.48%. Werner Enterprises’s revenue for the quarter was down 8.8% on a year-over-year basis. During the same period last year, the firm posted $0.42 earnings per share. Sell-side analysts anticipate that Werner Enterprises, Inc. will post 0.67 earnings per share for the current fiscal year.

Werner Enterprises Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd were issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.52%. The ex-dividend date of this dividend was Thursday, January 2nd. Werner Enterprises’s payout ratio is 76.71%.

Werner Enterprises Company Profile

(Free Report)

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.

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

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