6,478 Shares in Werner Enterprises, Inc. (NASDAQ:WERN) Bought by Net Worth Advisory Group

Net Worth Advisory Group acquired a new stake in shares of Werner Enterprises, Inc. (NASDAQ:WERN) during the third quarter, HoldingsChannel.com reports. The institutional investor acquired 6,478 shares of the transportation company’s stock, valued at approximately $250,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Nuance Investments LLC boosted its holdings in shares of Werner Enterprises by 30.0% in the 1st quarter. Nuance Investments LLC now owns 2,948,542 shares of the transportation company’s stock valued at $115,347,000 after buying an additional 680,194 shares in the last quarter. Vanguard Group Inc. lifted its position in Werner Enterprises by 9.7% during the fourth quarter. Vanguard Group Inc. now owns 6,420,141 shares of the transportation company’s stock valued at $272,021,000 after acquiring an additional 565,193 shares during the last quarter. Deprince Race & Zollo Inc. boosted its stake in Werner Enterprises by 37.1% in the second quarter. Deprince Race & Zollo Inc. now owns 1,665,309 shares of the transportation company’s stock valued at $59,668,000 after acquiring an additional 450,522 shares in the last quarter. AQR Capital Management LLC grew its holdings in Werner Enterprises by 65.5% in the second quarter. AQR Capital Management LLC now owns 879,371 shares of the transportation company’s stock worth $31,455,000 after purchasing an additional 348,154 shares during the last quarter. Finally, American Century Companies Inc. increased its position in shares of Werner Enterprises by 15.5% during the second quarter. American Century Companies Inc. now owns 1,506,663 shares of the transportation company’s stock worth $53,984,000 after purchasing an additional 201,843 shares in the last quarter. Hedge funds and other institutional investors own 89.32% of the company’s stock.

Wall Street Analysts Forecast Growth

WERN has been the subject of a number of recent analyst reports. Citigroup assumed coverage on Werner Enterprises in a research report on Wednesday, October 9th. They issued a “sell” rating and a $34.00 price objective for the company. UBS Group downgraded Werner Enterprises from a “buy” rating to a “neutral” rating and set a $39.00 price target for the company. in a report on Tuesday, July 9th. Morgan Stanley cut their price objective on shares of Werner Enterprises from $57.00 to $56.00 and set an “overweight” rating on the stock in a report on Monday, July 8th. The Goldman Sachs Group lowered their target price on shares of Werner Enterprises from $37.00 to $33.00 and set a “sell” rating for the company in a research note on Wednesday, October 9th. Finally, StockNews.com lowered shares of Werner Enterprises from a “hold” rating to a “sell” rating in a research note on Tuesday, July 16th. Seven research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Werner Enterprises presently has an average rating of “Hold” and an average target price of $37.57.

Werner Enterprises Stock Performance

NASDAQ WERN opened at $37.77 on Monday. Werner Enterprises, Inc. has a fifty-two week low of $33.12 and a fifty-two week high of $43.26. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.64 and a current ratio of 1.69. The firm has a market capitalization of $2.33 billion, a P/E ratio of 38.15, a PEG ratio of 11.84 and a beta of 0.79. The stock has a 50-day simple moving average of $37.02 and a two-hundred day simple moving average of $36.75.

Werner Enterprises (NASDAQ:WERN) last announced its quarterly earnings results on Tuesday, July 30th. The transportation company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.03). The company had revenue of $760.80 million during the quarter, compared to analyst estimates of $769.81 million. Werner Enterprises had a net margin of 1.99% and a return on equity of 4.70%. The company’s revenue was down 6.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.52 earnings per share. On average, equities analysts forecast that Werner Enterprises, Inc. will post 0.87 earnings per share for the current year.

Werner Enterprises Dividend Announcement

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

About Werner Enterprises

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.