Werner Enterprises, Inc. (NASDAQ:WERN) Shares Bought by Atria Investments Inc

Atria Investments Inc lifted its position in shares of Werner Enterprises, Inc. (NASDAQ:WERN) by 34.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,150 shares of the transportation company’s stock after buying an additional 2,079 shares during the period. Atria Investments Inc’s holdings in Werner Enterprises were worth $315,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in WERN. Massmutual Trust Co. FSB ADV grew its position in 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 period. 1620 Investment Advisors Inc. acquired a new position in shares of Werner Enterprises in the 2nd quarter valued at $29,000. Canada Pension Plan Investment Board purchased a new position in shares of Werner Enterprises during the 2nd quarter worth $29,000. Quest Partners LLC purchased a new position in shares of Werner Enterprises during the 2nd quarter worth $30,000. Finally, GAMMA Investing LLC increased its position in shares of 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. Hedge funds and other institutional investors own 89.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on WERN shares. JPMorgan Chase & Co. decreased their target price on shares of Werner Enterprises from $37.00 to $34.00 and set an “underweight” rating on the stock in a research report on Wednesday, October 30th. TD Cowen upped their price objective on shares of Werner Enterprises from $40.00 to $41.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Citigroup assumed coverage on shares of Werner Enterprises in a report on Wednesday, October 9th. They issued a “sell” rating and a $34.00 target price for the company. Morgan Stanley cut their target price on Werner Enterprises from $55.00 to $52.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 30th. Finally, The Goldman Sachs Group lowered their price target 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. Seven investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $36.57.

Werner Enterprises Stock Performance

Shares of WERN stock opened at $39.93 on Friday. 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 company has a market cap of $2.47 billion, a P/E ratio of 54.70, a PEG ratio of 33.21 and a beta of 0.80. The firm has a fifty day moving average price of $38.04 and a 200 day moving average price of $37.22.

Werner Enterprises (NASDAQ:WERN) last released its quarterly earnings data on Tuesday, October 29th. The transportation company reported $0.15 earnings per share (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 business had revenue of $745.70 million for the quarter, compared to analyst estimates of $765.24 million. During the same period in the prior year, the company posted $0.42 earnings per share. The company’s revenue was down 8.8% compared to the same quarter last year. Sell-side analysts predict that Werner Enterprises, Inc. will post 0.69 earnings per share for the current fiscal year.

Werner Enterprises Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders 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 annualized dividend and a yield of 1.40%. Werner Enterprises’s dividend payout ratio is currently 76.71%.

Werner Enterprises Company 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.