9,840 Shares in Werner Enterprises, Inc. (NASDAQ:WERN) Bought by FORA Capital LLC

FORA Capital LLC acquired a new stake in Werner Enterprises, Inc. (NASDAQ:WERN) in the third quarter, HoldingsChannel reports. The fund acquired 9,840 shares of the transportation company’s stock, valued at approximately $380,000.

Other institutional investors also recently modified their holdings of the company. Nuance Investments LLC lifted its stake in Werner Enterprises by 24.5% in the 3rd quarter. Nuance Investments LLC now owns 3,943,893 shares of the transportation company’s stock valued at $152,195,000 after purchasing an additional 776,277 shares during the last quarter. Deprince Race & Zollo Inc. boosted its stake in shares of Werner Enterprises by 37.1% during the 2nd quarter. Deprince Race & Zollo Inc. now owns 1,665,309 shares of the transportation company’s stock worth $59,668,000 after acquiring an additional 450,522 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in shares of 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 acquiring an additional 56,551 shares during the last quarter. American Century Companies Inc. raised its stake in Werner Enterprises by 15.5% in the 2nd quarter. American Century Companies Inc. now owns 1,506,663 shares of the transportation company’s stock valued at $53,984,000 after acquiring an additional 201,843 shares during the period. Finally, AQR Capital Management LLC lifted its holdings in Werner Enterprises by 65.5% during the 2nd quarter. AQR Capital Management LLC now owns 879,371 shares of the transportation company’s stock valued at $31,455,000 after purchasing an additional 348,154 shares during the last quarter. 89.32% of the stock is currently owned by institutional investors and hedge funds.

Werner Enterprises Stock Up 1.0 %

WERN stock opened at $40.88 on Friday. The company has a market cap of $2.53 billion, a PE ratio of 56.00, a price-to-earnings-growth 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 business has a 50-day simple moving average of $38.28 and a 200 day simple moving average of $37.32.

Werner Enterprises (NASDAQ:WERN) last issued 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 firm had revenue of $745.70 million for the quarter, compared to the consensus estimate of $765.24 million. During the same period last year, the company posted $0.42 EPS. The business’s revenue was down 8.8% on a year-over-year basis. Sell-side analysts anticipate that Werner Enterprises, Inc. will post 0.69 EPS for the current fiscal year.

Werner Enterprises Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd will be given a dividend of $0.14 per share. The ex-dividend date is Thursday, January 2nd. This represents a $0.56 annualized dividend and a dividend yield of 1.37%. Werner Enterprises’s dividend payout ratio is currently 76.71%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Citigroup initiated coverage on shares of Werner Enterprises in a research report on Wednesday, October 9th. They issued a “sell” rating and a $34.00 price objective on the stock. TD Cowen raised their price objective on shares of Werner Enterprises from $40.00 to $41.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Barclays upped their target price on Werner Enterprises from $36.00 to $40.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 13th. JPMorgan Chase & Co. dropped 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. Finally, Evercore ISI reduced their price target 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. Seven investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target 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.