Barclays PLC Boosts Holdings in Werner Enterprises, Inc. (NASDAQ:WERN)

Barclays PLC raised its position in Werner Enterprises, Inc. (NASDAQ:WERN) by 12.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 435,447 shares of the transportation company’s stock after acquiring an additional 49,568 shares during the period. Barclays PLC’s holdings in Werner Enterprises were worth $16,804,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Nuance Investments LLC boosted its position in shares of Werner Enterprises by 24.5% in the 3rd quarter. Nuance Investments LLC now owns 3,943,893 shares of the transportation company’s stock worth $152,195,000 after purchasing an additional 776,277 shares in the last quarter. Deprince Race & Zollo Inc. raised its stake in Werner Enterprises by 37.1% in the second quarter. Deprince Race & Zollo Inc. now owns 1,665,309 shares of the transportation company’s stock valued at $59,668,000 after buying an additional 450,522 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Werner Enterprises by 3.9% in 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 acquiring an additional 56,551 shares in the last quarter. American Century Companies Inc. grew its stake in shares of 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 acquiring an additional 201,843 shares during the last quarter. Finally, AQR Capital Management LLC increased its holdings in shares of Werner Enterprises by 65.5% during the second quarter. AQR Capital Management LLC now owns 879,371 shares of the transportation company’s stock valued at $31,455,000 after acquiring an additional 348,154 shares in the last quarter. 89.32% of the stock is owned by hedge funds and other institutional investors.

Werner Enterprises Trading Down 2.0 %

Shares of Werner Enterprises stock opened at $38.83 on Friday. Werner Enterprises, Inc. has a fifty-two week low of $33.12 and a fifty-two week high of $43.26. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.49 and a current ratio of 1.53. The company has a market cap of $2.40 billion, a P/E ratio of 53.19, a price-to-earnings-growth ratio of 33.43 and a beta of 0.82. The firm has a 50-day simple moving average of $38.83 and a two-hundred day simple moving average of $37.52.

Werner Enterprises (NASDAQ:WERN) last released its quarterly earnings results on Tuesday, October 29th. The transportation company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.06). Werner Enterprises had a return on equity of 3.58% and a net margin of 1.48%. The business had revenue of $745.70 million during the quarter, compared to analyst estimates of $765.24 million. During the same period in the previous year, the company posted $0.42 EPS. The business’s revenue for the quarter was down 8.8% compared to the same quarter last year. As a group, equities analysts predict that Werner Enterprises, Inc. will post 0.68 earnings per share for the current fiscal year.

Werner Enterprises Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Barclays lifted their target price on shares of Werner Enterprises from $36.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 13th. Susquehanna dropped their price objective on shares of Werner Enterprises from $30.00 to $28.00 and set a “negative” rating on the stock in a report on Friday, November 1st. Evercore ISI reduced their target price on Werner Enterprises from $35.00 to $32.00 and set an “in-line” rating for the company in a research note on Wednesday, October 30th. Stifel Nicolaus lowered their price target on Werner Enterprises from $33.00 to $32.00 and set a “hold” rating for the company in a research report on Monday, November 4th. Finally, Wells Fargo & Company cut their price objective on Werner Enterprises from $38.00 to $35.00 and set an “underweight” rating on the stock in a report on Wednesday, October 30th. Seven research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $36.57.

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.