Northwestern Mutual Investment Management Company LLC Purchases 269 Shares of Werner Enterprises, Inc. (NASDAQ:WERN)

Northwestern Mutual Investment Management Company LLC lifted its position in shares of Werner Enterprises, Inc. (NASDAQ:WERN) by 2.2% in the 3rd quarter, Holdings Channel reports. The fund owned 12,627 shares of the transportation company’s stock after buying an additional 269 shares during the quarter. Northwestern Mutual Investment Management Company LLC’s holdings in Werner Enterprises were worth $446,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Nuveen Asset Management LLC bought a new position in shares of Werner Enterprises during the 2nd quarter worth $9,081,000. NumerixS Investment Technologies Inc bought a new position in shares of Werner Enterprises during the 2nd quarter worth $71,000. Envestnet Asset Management Inc. grew its stake in shares of Werner Enterprises by 3.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 62,976 shares of the transportation company’s stock worth $1,957,000 after acquiring an additional 2,063 shares during the period. Invesco Ltd. grew its stake in shares of Werner Enterprises by 32.8% during the 2nd quarter. Invesco Ltd. now owns 141,284 shares of the transportation company’s stock worth $4,391,000 after acquiring an additional 34,920 shares during the period. Finally, BNP Paribas Arbitrage SA grew its stake in shares of Werner Enterprises by 32.8% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 12,993 shares of the transportation company’s stock worth $404,000 after acquiring an additional 3,208 shares during the period. Institutional investors own 67.92% of the company’s stock.

Shares of WERN opened at $37.84 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.29 and a current ratio of 1.31. The stock has a market capitalization of $2.61 billion, a price-to-earnings ratio of 15.90, a price-to-earnings-growth ratio of 3.26 and a beta of 1.24. The stock’s 50-day simple moving average is $36.42 and its 200 day simple moving average is $32.97. Werner Enterprises, Inc. has a 52-week low of $27.27 and a 52-week high of $39.21.

Werner Enterprises (NASDAQ:WERN) last announced its quarterly earnings data on Thursday, October 24th. The transportation company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.02). The firm had revenue of $618.26 million for the quarter, compared to the consensus estimate of $624.42 million. Werner Enterprises had a net margin of 6.95% and a return on equity of 15.02%. Werner Enterprises’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.66 earnings per share. On average, research analysts forecast that Werner Enterprises, Inc. will post 2.34 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 22nd. Investors of record on Monday, October 7th were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Friday, October 4th. This represents a $0.36 annualized dividend and a yield of 0.95%. Werner Enterprises’s payout ratio is 15.13%.

WERN has been the subject of several research reports. ValuEngine upgraded Werner Enterprises from a “sell” rating to a “hold” rating in a research note on Wednesday, July 24th. UBS Group set a $41.00 price target on Werner Enterprises and gave the stock a “hold” rating in a research note on Friday, October 25th. Citigroup upgraded Werner Enterprises from a “neutral” rating to a “buy” rating and increased their price target for the stock from $32.00 to $40.00 in a research note on Tuesday, September 3rd. Bank of America set a $40.00 price target on Werner Enterprises and gave the stock a “hold” rating in a research note on Friday, October 25th. Finally, BidaskClub downgraded Werner Enterprises from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 2nd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $38.91.

Werner Enterprises Company Profile

Werner Enterprises, Inc, a transportation and logistics company, engages in transporting truckload shipments of general commodities in interstate and intrastate commerce in the United States, Mexico, Canada, and China. It operates in two segments, Truckload Transportation Services and Werner Logistics.

Read More: Book Value Per Share in Stock Trading

Want to see what other hedge funds are holding WERN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Werner Enterprises, Inc. (NASDAQ:WERN).

Institutional Ownership by Quarter for Werner Enterprises (NASDAQ:WERN)

Receive News & Ratings for Werner Enterprises Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Werner Enterprises and related companies with MarketBeat.com's FREE daily email newsletter.