Werner Enterprises, Inc. (NASDAQ:WERN) Shares Sold by Moran Wealth Management LLC

Moran Wealth Management LLC trimmed its position in Werner Enterprises, Inc. (NASDAQ:WERN) by 9.6% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 50,901 shares of the transportation company’s stock after selling 5,378 shares during the quarter. Moran Wealth Management LLC’s holdings in Werner Enterprises were worth $1,964,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Massmutual Trust Co. FSB ADV boosted its stake in shares of Werner Enterprises by 390.1% in the second quarter. Massmutual Trust Co. FSB ADV now owns 740 shares of the transportation company’s stock worth $27,000 after acquiring an additional 589 shares during the last quarter. Canada Pension Plan Investment Board purchased a new position in Werner Enterprises in the 2nd quarter valued at $29,000. GAMMA Investing LLC boosted its stake in Werner Enterprises by 145.7% during the 3rd quarter. GAMMA Investing LLC now owns 801 shares of the transportation company’s stock worth $31,000 after purchasing an additional 475 shares during the last quarter. 1620 Investment Advisors Inc. acquired a new stake in Werner Enterprises during the 2nd quarter worth $29,000. Finally, Quest Partners LLC purchased a new stake in shares of Werner Enterprises during the second quarter worth $30,000. 89.32% of the stock is currently owned by hedge funds and other institutional investors.

Werner Enterprises Stock Up 0.8 %

Shares of WERN opened at $39.27 on Friday. The company’s 50-day moving average price is $37.99 and its 200 day moving average price is $37.20. 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 1.53, a quick ratio of 1.49 and a debt-to-equity ratio of 0.48. The firm has a market cap of $2.43 billion, a P/E ratio of 53.80, a price-to-earnings-growth ratio of 33.21 and a beta of 0.80.

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

Werner Enterprises Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd will be paid 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 1.43%. Werner Enterprises’s payout ratio is presently 76.71%.

Analyst Ratings Changes

WERN has been the topic of a number of recent research reports. Wells Fargo & Company lowered their price target on shares of Werner Enterprises from $38.00 to $35.00 and set an “underweight” rating on the stock in a research report on Wednesday, October 30th. Stifel Nicolaus lowered their target price on Werner Enterprises from $33.00 to $32.00 and set a “hold” rating on the stock in a report on Monday, November 4th. JPMorgan Chase & Co. dropped their price target on Werner Enterprises from $37.00 to $34.00 and set an “underweight” rating for the company in a research report on Wednesday, October 30th. Barclays lifted their price objective 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, Susquehanna dropped their target price on Werner Enterprises from $30.00 to $28.00 and set a “negative” rating for the company in a report on Friday, November 1st. Seven investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $36.57.

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.