Nisa Investment Advisors LLC Decreases Stock Holdings in Werner Enterprises, Inc. (NASDAQ:WERN)

Nisa Investment Advisors LLC lowered its position in Werner Enterprises, Inc. (NASDAQ:WERN) by 10.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,393 shares of the transportation company’s stock after selling 758 shares during the period. Nisa Investment Advisors LLC’s holdings in Werner Enterprises were worth $230,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of WERN. Nuance Investments LLC boosted its stake in Werner Enterprises by 24.5% in the third quarter. Nuance Investments LLC now owns 3,943,893 shares of the transportation company’s stock valued at $152,195,000 after acquiring an additional 776,277 shares in the last quarter. abrdn plc lifted its holdings in shares of Werner Enterprises by 26.9% during the 3rd quarter. abrdn plc now owns 497,430 shares of the transportation company’s stock valued at $19,196,000 after purchasing an additional 105,488 shares during the last quarter. Moody Aldrich Partners LLC acquired a new stake in shares of Werner Enterprises in the 3rd quarter worth $2,316,000. Allspring Global Investments Holdings LLC grew its stake in Werner Enterprises by 3.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,516,893 shares of the transportation company’s stock worth $58,537,000 after buying an additional 56,551 shares during the last quarter. Finally, Barclays PLC grew its stake in Werner Enterprises by 12.8% during the 3rd quarter. Barclays PLC now owns 435,447 shares of the transportation company’s stock worth $16,804,000 after buying an additional 49,568 shares during the last quarter. Hedge funds and other institutional investors own 89.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on WERN. TD Cowen raised their price target on Werner Enterprises from $40.00 to $41.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. lowered their target price on shares of Werner Enterprises from $37.00 to $34.00 and set an “underweight” rating for the company in a research note on Wednesday, October 30th. Evercore ISI cut their price target on shares of Werner Enterprises from $35.00 to $32.00 and set an “in-line” rating on the stock in a research note on Wednesday, October 30th. Citigroup initiated coverage on shares of Werner Enterprises in a research note on Wednesday, October 9th. They set a “sell” rating and a $34.00 price objective for the company. Finally, Wells Fargo & Company cut their target price on Werner Enterprises from $38.00 to $35.00 and set an “underweight” rating on the stock in a research report on Wednesday, October 30th. Six research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $37.50.

Werner Enterprises Stock Down 1.0 %

Shares of WERN stock opened at $36.85 on Thursday. Werner Enterprises, Inc. has a twelve month low of $33.12 and a twelve month high of $42.48. The stock has a market cap of $2.28 billion, a P/E ratio of 50.48, a P/E/G ratio of 16.15 and a beta of 0.84. The stock has a 50 day moving average of $37.66 and a 200 day moving average of $37.62. The company has a current ratio of 1.53, a quick ratio of 1.49 and a debt-to-equity ratio of 0.48.

Werner Enterprises (NASDAQ:WERN) last posted its earnings results on Tuesday, October 29th. The transportation company reported $0.15 earnings per share for the quarter, missing the consensus estimate 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 earned $0.42 earnings per share. Werner Enterprises’s revenue for the quarter was down 8.8% compared to the same quarter last year. As a group, sell-side analysts expect that Werner Enterprises, Inc. will post 0.67 EPS for the current year.

Werner Enterprises Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date was Thursday, January 2nd. Werner Enterprises’s dividend payout ratio is presently 76.71%.

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.