Avior Wealth Management LLC Lowers Stake in Werner Enterprises, Inc. (NASDAQ:WERN)

Avior Wealth Management LLC lessened its position in shares of Werner Enterprises, Inc. (NASDAQ:WERN) by 27.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 892 shares of the transportation company’s stock after selling 335 shares during the period. Avior Wealth Management LLC’s holdings in Werner Enterprises were worth $32,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Verition Fund Management LLC purchased a new stake in shares of Werner Enterprises in the third quarter worth about $485,000. Intech Investment Management LLC purchased a new stake in shares of Werner Enterprises in the third quarter worth about $630,000. Empower Advisory Group LLC boosted its position in shares of Werner Enterprises by 4.8% in the third quarter. Empower Advisory Group LLC now owns 362,786 shares of the transportation company’s stock worth $14,000,000 after buying an additional 16,637 shares during the period. Edgestream Partners L.P. boosted its position in shares of Werner Enterprises by 31.1% in the third quarter. Edgestream Partners L.P. now owns 84,085 shares of the transportation company’s stock worth $3,245,000 after buying an additional 19,944 shares during the period. Finally, Holocene Advisors LP boosted its position in shares of Werner Enterprises by 19.8% in the third quarter. Holocene Advisors LP now owns 98,550 shares of the transportation company’s stock worth $3,803,000 after buying an additional 16,280 shares during the period. Hedge funds and other institutional investors own 89.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Citigroup assumed coverage on Werner Enterprises in a research report on Wednesday, October 9th. They issued a “sell” rating and a $34.00 target price for the company. Stifel Nicolaus raised their price objective on Werner Enterprises from $30.00 to $35.00 and gave the company a “hold” rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. lowered their price objective on Werner Enterprises from $37.00 to $34.00 and set an “underweight” rating for the company in a research note on Wednesday, October 30th. Barclays raised their price objective on Werner Enterprises from $36.00 to $40.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 13th. Finally, TD Cowen raised their price objective on Werner Enterprises from $40.00 to $41.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Six equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $37.50.

Werner Enterprises Trading Down 1.0 %

NASDAQ:WERN opened at $36.85 on Thursday. The company has a quick ratio of 1.49, a current ratio of 1.53 and a debt-to-equity ratio of 0.48. The business’s 50 day moving average is $37.66 and its two-hundred day moving average is $37.62. Werner Enterprises, Inc. has a 52 week low of $33.12 and a 52 week high of $42.48. The company has a market cap of $2.28 billion, a PE ratio of 50.48, a P/E/G ratio of 16.15 and a beta of 0.84.

Werner Enterprises (NASDAQ:WERN) last announced its quarterly earnings results 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 company had revenue of $745.70 million during the quarter, compared to the consensus estimate of $765.24 million. Werner Enterprises had a return on equity of 3.58% and a net margin of 1.48%. The company’s revenue for the quarter was down 8.8% on a year-over-year basis. During the same period last year, the business posted $0.42 EPS. On average, analysts predict that Werner Enterprises, Inc. will post 0.67 EPS for the current year.

Werner Enterprises Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors 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 was Thursday, January 2nd. Werner Enterprises’s dividend payout ratio (DPR) is 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.