Intech Investment Management LLC Acquires New Holdings in Werner Enterprises, Inc. (NASDAQ:WERN)

Intech Investment Management LLC bought a new position in shares of Werner Enterprises, Inc. (NASDAQ:WERN) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 16,331 shares of the transportation company’s stock, valued at approximately $630,000.

A number of other institutional investors also recently added to or reduced their stakes in WERN. Massmutual Trust Co. FSB ADV grew its stake 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 worth $27,000 after buying an additional 589 shares during the last quarter. 1620 Investment Advisors Inc. purchased a new position in shares of Werner Enterprises in the second quarter worth $29,000. Canada Pension Plan Investment Board acquired a new stake in shares of Werner Enterprises during the second quarter worth about $29,000. Quest Partners LLC purchased a new position in shares of Werner Enterprises during the second quarter worth $30,000. Finally, GAMMA Investing LLC boosted its stake in shares of Werner Enterprises by 145.7% in the third quarter. GAMMA Investing LLC now owns 801 shares of the transportation company’s stock worth $31,000 after buying an additional 475 shares during the last quarter. Institutional investors own 89.32% of the company’s stock.

Werner Enterprises Stock Performance

Shares of WERN stock opened at $40.88 on Friday. The stock has a market capitalization of $2.53 billion, a PE ratio of 56.00, a P/E/G ratio of 34.24 and a beta of 0.80. The company has a quick ratio of 1.49, a current ratio of 1.53 and a debt-to-equity ratio of 0.48. Werner Enterprises, Inc. has a 52 week low of $33.12 and a 52 week high of $43.26. The firm has a 50 day moving average of $38.36 and a two-hundred day moving average of $37.34.

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 company had revenue of $745.70 million during the quarter, compared to analyst estimates of $765.24 million. During the same period in the prior year, the business earned $0.42 EPS. Werner Enterprises’s revenue for the quarter was down 8.8% on a year-over-year basis. On average, research analysts predict that Werner Enterprises, Inc. will post 0.69 EPS for the current fiscal year.

Werner Enterprises Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date of this dividend is Thursday, January 2nd. Werner Enterprises’s dividend payout ratio (DPR) is 76.71%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Stifel Nicolaus lowered their price target on shares of Werner Enterprises from $33.00 to $32.00 and set a “hold” rating on the stock in a report on Monday, November 4th. Stephens dropped their price target on shares of Werner Enterprises from $40.00 to $36.00 and set an “equal weight” rating on the stock in a research note on Monday, August 5th. Barclays boosted their price target on shares of Werner Enterprises from $36.00 to $40.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 13th. Citigroup began coverage on shares of Werner Enterprises in a report on Wednesday, October 9th. They set a “sell” rating and a $34.00 price objective on the stock. Finally, TD Cowen boosted their target price on shares of Werner Enterprises from $40.00 to $41.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Seven research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target 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.