Werner Enterprises, Inc. $WERN Holdings Lowered by Deprince Race & Zollo Inc.

Deprince Race & Zollo Inc. reduced its stake in Werner Enterprises, Inc. (NASDAQ:WERN) by 0.9% in the third quarter, HoldingsChannel reports. The fund owned 2,629,691 shares of the transportation company’s stock after selling 22,971 shares during the quarter. Werner Enterprises makes up 1.4% of Deprince Race & Zollo Inc.’s holdings, making the stock its 12th largest holding. Deprince Race & Zollo Inc.’s holdings in Werner Enterprises were worth $69,213,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the stock. Creative Planning grew its stake in shares of Werner Enterprises by 22.0% in the 2nd quarter. Creative Planning now owns 76,426 shares of the transportation company’s stock worth $2,091,000 after purchasing an additional 13,782 shares during the last quarter. American Century Companies Inc. boosted its holdings in Werner Enterprises by 5.1% during the second quarter. American Century Companies Inc. now owns 2,280,995 shares of the transportation company’s stock worth $62,408,000 after buying an additional 110,468 shares in the last quarter. Squarepoint Ops LLC grew its position in Werner Enterprises by 59.5% in the second quarter. Squarepoint Ops LLC now owns 179,372 shares of the transportation company’s stock worth $4,908,000 after buying an additional 66,927 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Werner Enterprises by 25.0% in the second quarter. Envestnet Asset Management Inc. now owns 28,171 shares of the transportation company’s stock valued at $771,000 after buying an additional 5,633 shares in the last quarter. Finally, State of Alaska Department of Revenue lifted its position in shares of Werner Enterprises by 7.3% during the 2nd quarter. State of Alaska Department of Revenue now owns 36,784 shares of the transportation company’s stock valued at $1,006,000 after acquiring an additional 2,513 shares during the last quarter. Institutional investors and hedge funds own 89.32% of the company’s stock.

Werner Enterprises Trading Down 0.1%

NASDAQ:WERN opened at $30.56 on Friday. The stock has a market cap of $1.83 billion, a PE ratio of 74.54, a price-to-earnings-growth ratio of 21.08 and a beta of 1.08. Werner Enterprises, Inc. has a fifty-two week low of $23.02 and a fifty-two week high of $38.60. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.62 and a quick ratio of 1.59. The stock’s 50-day moving average is $27.37 and its two-hundred day moving average is $27.71.

Werner Enterprises (NASDAQ:WERN) last announced its quarterly earnings data on Thursday, October 30th. The transportation company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.18). Werner Enterprises had a net margin of 0.85% and a return on equity of 0.14%. The company had revenue of $712.04 million for the quarter, compared to analysts’ expectations of $763.63 million. During the same period in the previous year, the firm posted $0.15 earnings per share. The business’s revenue for the quarter was up 3.5% on a year-over-year basis. As a group, equities research analysts forecast that Werner Enterprises, Inc. will post 1.27 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 21st. Stockholders of record on Monday, January 5th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Monday, January 5th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.8%. Werner Enterprises’s dividend payout ratio is 136.59%.

Analyst Upgrades and Downgrades

WERN has been the topic of a number of recent research reports. Bank of America decreased their target price on Werner Enterprises from $27.00 to $26.00 and set an “underperform” rating on the stock in a report on Wednesday, September 10th. JPMorgan Chase & Co. dropped their price target on Werner Enterprises from $24.00 to $23.00 and set an “underweight” rating on the stock in a research note on Friday, October 31st. Stifel Nicolaus upped their price objective on shares of Werner Enterprises from $22.00 to $26.00 and gave the company a “hold” rating in a research note on Tuesday, December 16th. Susquehanna dropped their target price on shares of Werner Enterprises from $27.00 to $23.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 24th. Finally, Morgan Stanley boosted their price target on shares of Werner Enterprises from $36.00 to $37.00 and gave the company an “overweight” rating in a report on Monday, December 8th. Two investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and seven have assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $26.93.

Werner Enterprises Company Profile

Werner Enterprises, Inc, founded in 1956 by Clarence L. “Chris” Werner, is a leading transportation and logistics provider based in Omaha, Nebraska. The company began as a one‐truck operation and has since grown into one of North America’s largest carriers, offering an array of services to support diverse supply chains.

Werner’s core business activities include full truckload dry van services, dedicated contract carriage, intermodal transport and brokerage solutions. The company also provides value-added services such as warehousing, freight management and fleet maintenance through its network of terminals and service centers.