Werner Enterprises, Inc. (NASDAQ:WERN) Stock Position Trimmed by Donald L. Hagan LLC

Donald L. Hagan LLC decreased its position in Werner Enterprises, Inc. (NASDAQ:WERN) by 11.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 14,393 shares of the transportation company’s stock after selling 1,840 shares during the period. Donald L. Hagan LLC’s holdings in Werner Enterprises were worth $516,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in WERN. Vanguard Group Inc. lifted its holdings in Werner Enterprises by 9.7% in the fourth quarter. Vanguard Group Inc. now owns 6,420,141 shares of the transportation company’s stock worth $272,021,000 after purchasing an additional 565,193 shares during the period. Victory Capital Management Inc. lifted its stake in shares of Werner Enterprises by 7.6% in the 4th quarter. Victory Capital Management Inc. now owns 3,973,767 shares of the transportation company’s stock worth $168,369,000 after acquiring an additional 282,210 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Werner Enterprises by 0.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,811,218 shares of the transportation company’s stock valued at $161,484,000 after acquiring an additional 33,906 shares in the last quarter. Nuance Investments LLC increased its stake in shares of Werner Enterprises by 30.0% during the first quarter. Nuance Investments LLC now owns 2,948,542 shares of the transportation company’s stock valued at $115,347,000 after acquiring an additional 680,194 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its holdings in Werner Enterprises by 3.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,421,798 shares of the transportation company’s stock worth $55,621,000 after purchasing an additional 48,340 shares in the last quarter. Institutional investors and hedge funds own 89.32% of the company’s stock.

Analysts Set New Price Targets

WERN has been the subject of a number of research analyst reports. UBS Group downgraded shares of 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. Stifel Nicolaus reduced their target price on shares of Werner Enterprises from $39.00 to $33.00 and set a “hold” rating for the company in a report on Thursday, August 1st. Barclays decreased their price target on shares of Werner Enterprises from $40.00 to $36.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 2nd. Stephens cut their price objective on Werner Enterprises from $40.00 to $36.00 and set an “equal weight” rating for the company in a research report on Monday, August 5th. Finally, Evercore ISI decreased their target price on Werner Enterprises from $35.00 to $33.00 and set an “in-line” rating on the stock in a report on Tuesday, June 25th. Five analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $37.75.

Werner Enterprises Stock Up 0.1 %

Shares of WERN stock traded up $0.05 during trading on Friday, hitting $37.36. 541,755 shares of the company were exchanged, compared to its average volume of 776,754. The business’s 50-day simple moving average is $36.59 and its 200 day simple moving average is $37.49. Werner Enterprises, Inc. has a twelve month low of $33.12 and a twelve month high of $43.75. The firm has a market capitalization of $2.31 billion, a price-to-earnings ratio of 28.52, a P/E/G ratio of 6.94 and a beta of 0.80. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.64 and a current ratio of 1.69.

Werner Enterprises (NASDAQ:WERN) last issued its 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). Werner Enterprises had a net margin of 1.99% and a return on equity of 4.70%. The company had revenue of $760.80 million for the quarter, compared to analyst estimates of $769.81 million. During the same period last year, the business earned $0.52 EPS. The company’s quarterly revenue was down 6.2% on a year-over-year basis. As a group, analysts forecast that Werner Enterprises, Inc. will post 1 EPS for the current fiscal year.

Werner Enterprises Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 23rd. Stockholders of record on Monday, October 7th will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date of this dividend is Monday, October 7th. Werner Enterprises’s dividend payout ratio (DPR) is presently 42.75%.

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.