Werner Enterprises, Inc. (NASDAQ:WERN) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its position in shares of Werner Enterprises, Inc. (NASDAQ:WERN) by 6.8% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 680,673 shares of the transportation company’s stock after purchasing an additional 43,074 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.10% of Werner Enterprises worth $26,267,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WERN. Nuance Investments LLC raised its holdings in Werner Enterprises by 24.5% during the third 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 during the last quarter. Deprince Race & Zollo Inc. raised its holdings in Werner Enterprises by 37.1% during the second quarter. Deprince Race & Zollo Inc. now owns 1,665,309 shares of the transportation company’s stock worth $59,668,000 after purchasing an additional 450,522 shares during the last quarter. AQR Capital Management LLC raised its holdings in Werner Enterprises by 65.5% during the second quarter. AQR Capital Management LLC now owns 879,371 shares of the transportation company’s stock worth $31,455,000 after purchasing an additional 348,154 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Werner Enterprises by 15.5% in 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, Public Sector Pension Investment Board acquired a new position in shares of Werner Enterprises in the second quarter worth $5,000,000. 89.32% of the stock is owned by institutional investors and hedge funds.

Werner Enterprises Price Performance

WERN stock opened at $39.83 on Thursday. The stock has a 50-day moving average price of $38.48 and a two-hundred day moving average price of $37.38. 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 $2.46 billion, a PE ratio of 54.99, a price-to-earnings-growth ratio of 34.65 and a beta of 0.82.

Werner Enterprises (NASDAQ:WERN) last posted its quarterly earnings results on Tuesday, October 29th. The transportation company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.06). Werner Enterprises had a net margin of 1.48% and a return on equity of 3.58%. The firm had revenue of $745.70 million for the quarter, compared to analysts’ expectations of $765.24 million. During the same period last year, the firm posted $0.42 EPS. Werner Enterprises’s revenue was down 8.8% on a year-over-year basis. As a group, research analysts predict that Werner Enterprises, Inc. will post 0.69 EPS for the current year.

Werner Enterprises Announces Dividend

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 given a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.41%. The ex-dividend date of this dividend is Thursday, January 2nd. Werner Enterprises’s payout ratio is 76.71%.

Analyst Upgrades and Downgrades

WERN has been the subject of a number of analyst reports. Susquehanna cut their price target on Werner Enterprises from $30.00 to $28.00 and set a “negative” rating for the company in a report on Friday, November 1st. The Goldman Sachs Group cut their price target on Werner Enterprises from $37.00 to $33.00 and set a “sell” rating for the company in a report on Wednesday, October 9th. Morgan Stanley cut their price target on Werner Enterprises from $55.00 to $52.00 and set an “overweight” rating for the company in a report on Wednesday, October 30th. Wells Fargo & Company cut their price target on Werner Enterprises from $38.00 to $35.00 and set an “underweight” rating for the company in a report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. cut their price target on Werner Enterprises from $37.00 to $34.00 and set an “underweight” rating for the company in a report on Wednesday, October 30th. Seven analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price 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.