Rowlandmiller & PARTNERS.ADV Sells 289 Shares of Werner Enterprises, Inc. (NASDAQ:WERN)

Rowlandmiller & PARTNERS.ADV reduced its position in shares of Werner Enterprises, Inc. (NASDAQ:WERN) by 0.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 109,275 shares of the transportation company’s stock after selling 289 shares during the period. Rowlandmiller & PARTNERS.ADV’s holdings in Werner Enterprises were worth $4,217,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings 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 worth $272,021,000 after buying an additional 565,193 shares during the last quarter. Nuance Investments LLC increased its holdings in Werner Enterprises by 7.4% during the second quarter. Nuance Investments LLC now owns 3,167,616 shares of the transportation company’s stock worth $113,496,000 after buying an additional 219,074 shares during the last quarter. Deprince Race & Zollo Inc. increased 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 buying an additional 450,522 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Werner Enterprises by 3.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,516,893 shares of the transportation company’s stock worth $58,537,000 after buying an additional 56,551 shares during the last quarter. Finally, American Century Companies Inc. increased its holdings in 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 buying an additional 201,843 shares during the last quarter. 89.32% of the stock is owned by institutional investors.

Werner Enterprises Price Performance

Shares of NASDAQ:WERN opened at $37.02 on Friday. The company has a 50 day moving average of $37.07 and a 200 day moving average of $36.74. The stock has a market cap of $2.29 billion, a P/E ratio of 37.39, a P/E/G ratio of 11.82 and a beta of 0.79. Werner Enterprises, Inc. has a 12 month low of $33.12 and a 12 month high of $43.26. The company has a current ratio of 1.69, a quick ratio of 1.64 and a debt-to-equity ratio of 0.45.

Werner Enterprises (NASDAQ:WERN) last released its quarterly earnings results on Tuesday, July 30th. The transportation company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.03). Werner Enterprises had a return on equity of 4.70% and a net margin of 1.99%. The company had revenue of $760.80 million during the quarter, compared to analysts’ expectations of $769.81 million. During the same period in the prior year, the firm earned $0.52 EPS. Werner Enterprises’s quarterly revenue was down 6.2% on a year-over-year basis. As a group, sell-side analysts forecast that Werner Enterprises, Inc. will post 0.87 EPS for the current fiscal year.

Werner Enterprises Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 23rd. Shareholders of record on Monday, October 7th were paid a $0.14 dividend. The ex-dividend date was Monday, October 7th. This represents a $0.56 dividend on an annualized basis and a yield of 1.51%. Werner Enterprises’s dividend payout ratio is presently 56.57%.

Wall Street Analysts Forecast Growth

WERN has been the subject of a number of research analyst reports. Susquehanna raised their price objective on shares of Werner Enterprises from $26.00 to $30.00 and gave the stock a “negative” rating in a report on Thursday, September 26th. Morgan Stanley reduced their target price on shares of Werner Enterprises from $57.00 to $56.00 and set an “overweight” rating for the company in a research note on Monday, July 8th. Citigroup assumed coverage on shares of Werner Enterprises in a research note on Wednesday, October 9th. They issued a “sell” rating and a $34.00 target price for the company. 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 research note on Thursday, August 1st. Finally, TD Cowen lifted their target price on shares of Werner Enterprises from $38.00 to $43.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Seven investment 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’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $37.57.

Werner Enterprises 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.