UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $4.25 Million Holdings in Werner Enterprises, Inc. (NASDAQ:WERN)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Werner Enterprises, Inc. (NASDAQ:WERN) by 9.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 110,087 shares of the transportation company’s stock after buying an additional 9,406 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.18% of Werner Enterprises worth $4,248,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of WERN. 1620 Investment Advisors Inc. acquired a new position in Werner Enterprises during the second quarter worth approximately $29,000. Canada Pension Plan Investment Board bought a new stake in shares of Werner Enterprises during the second quarter worth approximately $29,000. Quest Partners LLC bought a new stake in shares of Werner Enterprises during the second quarter worth approximately $30,000. GAMMA Investing LLC boosted its holdings in shares of Werner Enterprises by 145.7% during the third quarter. GAMMA Investing LLC now owns 801 shares of the transportation company’s stock worth $31,000 after acquiring an additional 475 shares during the period. Finally, Blue Trust Inc. boosted its holdings in shares of Werner Enterprises by 209.6% during the second quarter. Blue Trust Inc. now owns 1,158 shares of the transportation company’s stock worth $45,000 after acquiring an additional 784 shares during the period. Institutional investors and hedge funds own 89.32% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on WERN. Wells Fargo & Company reduced their price objective on Werner Enterprises from $38.00 to $35.00 and set an “underweight” rating for the company in a report on Wednesday, October 30th. JPMorgan Chase & Co. reduced their price target on Werner Enterprises from $37.00 to $34.00 and set an “underweight” rating on the stock in a research report on Wednesday, October 30th. Barclays increased their price target on Werner Enterprises from $36.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 13th. Stifel Nicolaus reduced their price target on Werner Enterprises from $33.00 to $32.00 and set a “hold” rating on the stock in a research report on Monday, November 4th. Finally, Citigroup began coverage on Werner Enterprises in a research report on Wednesday, October 9th. They set a “sell” rating and a $34.00 price target on the stock. Seven equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $36.57.

Werner Enterprises Stock Down 1.2 %

Shares of WERN opened at $39.64 on Friday. Werner Enterprises, Inc. has a 52 week low of $33.12 and a 52 week high of $43.26. The stock has a market capitalization of $2.45 billion, a price-to-earnings ratio of 54.30, a PEG ratio of 34.11 and a beta of 0.82. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.49 and a current ratio of 1.53. The stock has a fifty day moving average of $38.78 and a 200-day moving average of $37.50.

Werner Enterprises (NASDAQ:WERN) last announced its quarterly earnings results on Tuesday, October 29th. The transportation company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.06). Werner Enterprises had a net margin of 1.48% and a return on equity of 3.58%. The firm had revenue of $745.70 million during the quarter, compared to the consensus estimate of $765.24 million. During the same quarter in the previous year, the company posted $0.42 earnings per share. The firm’s revenue was down 8.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Werner Enterprises, Inc. will post 0.68 earnings per share for the current fiscal year.

Werner Enterprises Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 1.41%. The ex-dividend date of this dividend is Thursday, January 2nd. Werner Enterprises’s dividend payout ratio is currently 76.71%.

Werner Enterprises Company 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.