Werner Enterprises, Inc. (NASDAQ:WERN) Position Trimmed by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC trimmed its stake in Werner Enterprises, Inc. (NASDAQ:WERN – Get Rating) by 6.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,415 shares of the transportation company’s stock after selling 316 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Werner Enterprises were worth $166,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the stock. Private Trust Co. NA purchased a new stake in Werner Enterprises in the 2nd quarter worth approximately $28,000. Pinebridge Investments L.P. increased its stake in shares of Werner Enterprises by 317.5% in the second quarter. Pinebridge Investments L.P. now owns 835 shares of the transportation company’s stock worth $32,000 after acquiring an additional 635 shares during the last quarter. Ronald Blue Trust Inc. raised its holdings in shares of Werner Enterprises by 520.3% during the third quarter. Ronald Blue Trust Inc. now owns 918 shares of the transportation company’s stock worth $36,000 after acquiring an additional 770 shares in the last quarter. Quadrant Capital Group LLC boosted its position in Werner Enterprises by 184.9% during the second quarter. Quadrant Capital Group LLC now owns 1,248 shares of the transportation company’s stock valued at $48,000 after purchasing an additional 810 shares during the last quarter. Finally, Covestor Ltd boosted its position in Werner Enterprises by 92.3% during the first quarter. Covestor Ltd now owns 2,387 shares of the transportation company’s stock valued at $98,000 after purchasing an additional 1,146 shares during the last quarter. 83.95% of the stock is currently owned by institutional investors and hedge funds.

Werner Enterprises Stock Up 0.2 %

Shares of NASDAQ WERN opened at $47.10 on Thursday. Werner Enterprises, Inc. has a 52-week low of $35.84 and a 52-week high of $50.31. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.42 and a current ratio of 2.46. The business has a fifty day moving average of $45.60 and a two-hundred day moving average of $42.28. The stock has a market cap of $2.98 billion, a PE ratio of 12.59, a PEG ratio of 3.48 and a beta of 0.84.

Werner Enterprises (NASDAQ:WERN – Get Rating) last announced its quarterly earnings results on Tuesday, February 7th. The transportation company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.07. The firm had revenue of $861.50 million during the quarter, compared to the consensus estimate of $862.51 million. Werner Enterprises had a net margin of 7.33% and a return on equity of 17.34%. The firm’s quarterly revenue was up 12.6% on a year-over-year basis. During the same period last year, the firm posted $1.13 EPS. As a group, equities research analysts expect that Werner Enterprises, Inc. will post 3.19 earnings per share for the current fiscal year.

Werner Enterprises Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 3rd. Shareholders of record on Monday, April 17th will be given a $0.13 dividend. The ex-dividend date is Friday, April 14th. This represents a $0.52 annualized dividend and a yield of 1.10%. Werner Enterprises’s payout ratio is 13.90%.

Wall Street Analysts Forecast Growth

WERN has been the subject of a number of recent research reports. Robert W. Baird raised their price target on Werner Enterprises from $49.00 to $54.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 8th. Wells Fargo & Company boosted their target price on shares of Werner Enterprises from $40.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 8th. Barclays raised their price target on shares of Werner Enterprises from $48.00 to $54.00 and gave the company an “overweight” rating in a report on Monday, February 6th. Susquehanna cut shares of Werner Enterprises from a “positive” rating to a “neutral” rating and set a $45.00 price objective for the company. in a report on Monday, January 9th. Finally, Stephens restated an “equal weight” rating and set a $46.00 target price on shares of Werner Enterprises in a report on Wednesday, February 8th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $49.06.

About Werner Enterprises

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Werner Enterprises, Inc engages in the provision of logistics services. It operates through the Truckload Transportation Services and Werner Logistics segments. The Truckload Transportation Services segment consists of one-way truckload and specialized services units such as the medium-to-long haul van fleet which provides a consumer non durable products and commodities in truckload quantities.