Werner Enterprises, Inc. (NASDAQ:WERN) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC cut its stake in shares of Werner Enterprises, Inc. (NASDAQ:WERN) by 76.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 39,133 shares of the transportation company’s stock after selling 130,576 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Werner Enterprises were worth $1,658,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in WERN. Macquarie Group Ltd. grew its holdings in Werner Enterprises by 23.1% during the 2nd quarter. Macquarie Group Ltd. now owns 4,334,690 shares of the transportation company’s stock worth $167,059,000 after acquiring an additional 812,355 shares in the last quarter. Nuance Investments LLC grew its stake in shares of Werner Enterprises by 106.4% during the third quarter. Nuance Investments LLC now owns 1,455,785 shares of the transportation company’s stock worth $56,703,000 after purchasing an additional 750,562 shares in the last quarter. Schonfeld Strategic Advisors LLC grew its stake in shares of Werner Enterprises by 220.6% during the first quarter. Schonfeld Strategic Advisors LLC now owns 846,704 shares of the transportation company’s stock worth $38,517,000 after purchasing an additional 582,604 shares in the last quarter. Norges Bank acquired a new stake in Werner Enterprises in the fourth quarter valued at $19,974,000. Finally, Renaissance Technologies LLC lifted its holdings in Werner Enterprises by 2,103.2% during the 1st quarter. Renaissance Technologies LLC now owns 400,163 shares of the transportation company’s stock worth $16,407,000 after buying an additional 382,000 shares during the last quarter. 89.32% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. TD Cowen increased their price objective on Werner Enterprises from $40.00 to $43.00 and gave the company an “outperform” rating in a report on Wednesday, February 7th. Susquehanna reduced their price objective on shares of Werner Enterprises from $40.00 to $35.00 and set a “neutral” rating for the company in a research report on Monday, March 25th. Stephens restated an “overweight” rating and issued a $49.00 target price on shares of Werner Enterprises in a report on Wednesday, February 7th. Stifel Nicolaus cut their price target on shares of Werner Enterprises from $42.00 to $39.00 and set a “hold” rating on the stock in a research note on Thursday. Finally, Morgan Stanley decreased their price objective on shares of Werner Enterprises from $60.00 to $59.00 and set an “overweight” rating for the company in a research note on Wednesday, February 7th. One analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $44.00.

Werner Enterprises Stock Performance

NASDAQ WERN opened at $35.86 on Monday. The firm has a market cap of $2.27 billion, a P/E ratio of 20.38, a P/E/G ratio of 1.06 and a beta of 0.78. Werner Enterprises, Inc. has a 52-week low of $34.67 and a 52-week high of $47.27. The business’s 50-day moving average price is $38.61 and its 200 day moving average price is $39.32. The company has a quick ratio of 1.87, a current ratio of 1.92 and a debt-to-equity ratio of 0.42.

Werner Enterprises (NASDAQ:WERN) last posted its quarterly earnings data on Monday, February 5th. The transportation company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.05). The company had revenue of $821.90 million for the quarter, compared to analyst estimates of $820.90 million. Werner Enterprises had a return on equity of 8.17% and a net margin of 3.42%. The firm’s revenue was down 4.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.99 earnings per share. On average, equities research analysts expect that Werner Enterprises, Inc. will post 1.91 earnings per share for the current year.

Werner Enterprises Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Monday, April 15th will be paid a $0.14 dividend. The ex-dividend date is Friday, April 12th. This represents a $0.56 annualized dividend and a yield of 1.56%. Werner Enterprises’s dividend payout ratio is currently 31.82%.

Werner Enterprises Company 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.