Werner Enterprises, Inc. (NASDAQ:WERN) Stock Position Cut by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC reduced its stake in Werner Enterprises, Inc. (NASDAQ:WERN) by 10.8% in the third quarter, HoldingsChannel reports. The fund owned 9,297 shares of the transportation company’s stock after selling 1,125 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Werner Enterprises were worth $359,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Deprince Race & Zollo Inc. raised its holdings in Werner Enterprises by 37.1% during the second quarter. Deprince Race & Zollo Inc. now owns 1,665,309 shares of the transportation company’s stock worth $59,668,000 after purchasing an additional 450,522 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of Werner Enterprises by 65.5% in the second quarter. AQR Capital Management LLC now owns 879,371 shares of the transportation company’s stock valued at $31,455,000 after buying an additional 348,154 shares during the period. Nuance Investments LLC grew its stake in shares of Werner Enterprises by 7.4% in the 2nd quarter. Nuance Investments LLC now owns 3,167,616 shares of the transportation company’s stock worth $113,496,000 after purchasing an additional 219,074 shares during the last quarter. American Century Companies Inc. lifted its position in shares of Werner Enterprises by 15.5% during the 2nd quarter. American Century Companies Inc. now owns 1,506,663 shares of the transportation company’s stock valued at $53,984,000 after acquiring an additional 201,843 shares during the last quarter. Finally, Public Sector Pension Investment Board acquired a new position in shares of Werner Enterprises in the 2nd quarter valued at $5,000,000. 89.32% of the stock is owned by institutional investors and hedge funds.

Werner Enterprises Stock Down 1.0 %

Shares of Werner Enterprises stock opened at $40.46 on Thursday. Werner Enterprises, Inc. has a 12-month low of $33.12 and a 12-month high of $43.26. The stock has a market capitalization of $2.50 billion, a P/E ratio of 55.82, a PEG ratio of 34.07 and a beta of 0.80. 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 stock has a 50 day moving average price of $38.17 and a two-hundred day moving average price of $37.28.

Werner Enterprises (NASDAQ:WERN) last posted its earnings results on Tuesday, October 29th. The transportation company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.06). The firm had revenue of $745.70 million during the quarter, compared to analyst estimates of $765.24 million. Werner Enterprises had a net margin of 1.48% and a return on equity of 3.58%. The business’s quarterly revenue was down 8.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.42 earnings per share. Equities analysts expect that Werner Enterprises, Inc. will post 0.69 earnings per share for the current year.

Werner Enterprises Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.38%. The ex-dividend date is Thursday, January 2nd. Werner Enterprises’s dividend payout ratio is currently 76.71%.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Stephens cut their target price on shares of Werner Enterprises from $40.00 to $36.00 and set an “equal weight” rating on the stock in a research note on Monday, August 5th. Wells Fargo & Company dropped their price target on Werner Enterprises from $38.00 to $35.00 and set an “underweight” rating on the stock in a research report on Wednesday, October 30th. The Goldman Sachs Group lowered their target price on Werner Enterprises from $37.00 to $33.00 and set a “sell” rating on the stock in a research note on Wednesday, October 9th. Stifel Nicolaus reduced their price target on shares of Werner Enterprises from $33.00 to $32.00 and set a “hold” rating for the company in a research report on Monday, November 4th. Finally, Evercore ISI cut their target price on shares of Werner Enterprises from $35.00 to $32.00 and set an “in-line” rating for the company in a research report on Wednesday, October 30th. Seven investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $36.57.

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.