Ontario Teachers Pension Plan Board Has $1.77 Million Stake in Werner Enterprises, Inc. (NASDAQ:WERN)

Ontario Teachers Pension Plan Board lessened its stake in Werner Enterprises, Inc. (NASDAQ:WERN) by 48.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 45,885 shares of the transportation company’s stock after selling 43,753 shares during the period. Ontario Teachers Pension Plan Board’s holdings in Werner Enterprises were worth $1,771,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of WERN. Massmutual Trust Co. FSB ADV increased its holdings in Werner Enterprises by 390.1% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 740 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 589 shares in the last quarter. 1620 Investment Advisors Inc. acquired a new position in Werner Enterprises during the 2nd quarter worth about $29,000. Canada Pension Plan Investment Board acquired a new stake in Werner Enterprises in the 2nd quarter valued at about $29,000. Quest Partners LLC bought a new position in shares of Werner Enterprises in the second quarter worth about $30,000. Finally, GAMMA Investing LLC lifted its position in shares of Werner Enterprises by 145.7% during the third quarter. GAMMA Investing LLC now owns 801 shares of the transportation company’s stock worth $31,000 after purchasing an additional 475 shares in the last quarter. 89.32% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on WERN shares. The Goldman Sachs Group dropped their target price on Werner Enterprises from $37.00 to $33.00 and set a “sell” rating for the company in a research report on Wednesday, October 9th. JPMorgan Chase & Co. reduced their price objective on shares of Werner Enterprises from $37.00 to $34.00 and set an “underweight” rating on the stock in a research note on Wednesday, October 30th. TD Cowen upped their target price on shares of Werner Enterprises from $40.00 to $41.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Barclays raised their price target on Werner Enterprises from $36.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 13th. Finally, Stephens dropped their price objective on Werner Enterprises from $40.00 to $36.00 and set an “equal weight” rating for the company in a report on Monday, August 5th. 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.com, Werner Enterprises has a consensus rating of “Hold” and an average price target of $36.57.

Werner Enterprises Trading Down 0.7 %

NASDAQ:WERN opened at $38.97 on Thursday. Werner Enterprises, Inc. has a 52 week low of $33.12 and a 52 week high of $43.26. The firm’s fifty day moving average is $37.93 and its 200-day moving average is $37.18. The firm has a market cap of $2.41 billion, a P/E ratio of 53.38, a P/E/G ratio of 33.21 and a beta of 0.80. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.49 and a current ratio of 1.53.

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

Werner Enterprises Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd will be issued a $0.14 dividend. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.44%. Werner Enterprises’s dividend payout ratio is presently 76.71%.

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.