Werner Enterprises, Inc. (NASDAQ:WERN) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. lowered its holdings in shares of Werner Enterprises, Inc. (NASDAQ:WERN) by 7.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,985 shares of the transportation company’s stock after selling 580 shares during the quarter. Federated Hermes Inc.’s holdings in Werner Enterprises were worth $296,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in shares of Werner Enterprises by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 5,854,948 shares of the transportation company’s stock valued at $228,050,000 after buying an additional 48,380 shares in the last quarter. Raymond James & Associates lifted its holdings in Werner Enterprises by 35.3% during the fourth quarter. Raymond James & Associates now owns 169,187 shares of the transportation company’s stock valued at $7,168,000 after purchasing an additional 44,159 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Werner Enterprises by 7.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 576,100 shares of the transportation company’s stock valued at $22,439,000 after purchasing an additional 39,825 shares during the period. AQR Capital Management LLC increased its stake in shares of Werner Enterprises by 27.8% during the third quarter. AQR Capital Management LLC now owns 705,304 shares of the transportation company’s stock worth $27,472,000 after purchasing an additional 153,271 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. acquired a new position in shares of Werner Enterprises during the 3rd quarter worth about $6,643,000. 89.32% of the stock is owned by institutional investors and hedge funds.

Werner Enterprises Trading Up 1.6 %

WERN opened at $36.31 on Friday. The business’s 50 day moving average price is $37.51 and its 200 day moving average price is $39.05. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.87 and a current ratio of 1.90. The stock has a market capitalization of $2.30 billion, a PE ratio of 27.72, a P/E/G ratio of 2.25 and a beta of 0.82. Werner Enterprises, Inc. has a one year low of $33.12 and a one year high of $47.27.

Werner Enterprises (NASDAQ:WERN) last released its quarterly earnings results on Tuesday, April 30th. The transportation company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.14). The business had revenue of $769.08 million for the quarter, compared to analysts’ expectations of $788.30 million. Werner Enterprises had a return on equity of 6.15% and a net margin of 2.59%. The business’s revenue for the quarter was down 7.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.60 earnings per share. As a group, equities research analysts expect that Werner Enterprises, Inc. will post 1.76 EPS for the current year.

Werner Enterprises Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 1st. Investors of record on Monday, April 15th were issued a $0.14 dividend. The ex-dividend date of this dividend was Friday, April 12th. This represents a $0.56 dividend on an annualized basis and a yield of 1.54%. Werner Enterprises’s dividend payout ratio (DPR) is presently 42.75%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on WERN shares. Stifel Nicolaus lowered their price objective on Werner Enterprises from $42.00 to $39.00 and set a “hold” rating on the stock in a report on Thursday, April 18th. StockNews.com upgraded Werner Enterprises from a “sell” rating to a “hold” rating in a research report on Tuesday, February 27th. Barclays decreased their price objective on Werner Enterprises from $40.00 to $36.00 and set an “equal weight” rating on the stock in a report on Thursday. TD Cowen dropped their target price on shares of Werner Enterprises from $42.00 to $38.00 and set a “buy” rating for the company in a report on Wednesday. Finally, JPMorgan Chase & Co. decreased their price target on shares of Werner Enterprises from $37.00 to $36.00 and set a “neutral” rating on the stock in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Werner Enterprises has an average rating of “Hold” and an average target price of $40.83.

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.