Mutual of America Capital Management LLC Lowers Stock Position in Werner Enterprises, Inc. (NASDAQ:WERN)

Mutual of America Capital Management LLC lowered its position in Werner Enterprises, Inc. (NASDAQ:WERN) by 10.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,297 shares of the transportation company’s stock after selling 1,125 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Werner Enterprises were worth $359,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Massmutual Trust Co. FSB ADV lifted its stake in shares of Werner Enterprises by 390.1% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 740 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 589 shares in the last quarter. Canada Pension Plan Investment Board acquired a new position in Werner Enterprises during the second quarter valued at approximately $29,000. GAMMA Investing LLC grew its stake in Werner Enterprises by 145.7% during the third quarter. GAMMA Investing LLC now owns 801 shares of the transportation company’s stock worth $31,000 after buying an additional 475 shares during the period. 1620 Investment Advisors Inc. purchased a new stake in Werner Enterprises during the second quarter worth approximately $29,000. Finally, Quest Partners LLC acquired a new stake in shares of Werner Enterprises in the second quarter worth $30,000. Hedge funds and other institutional investors own 89.32% of the company’s stock.

Werner Enterprises Price Performance

Shares of WERN opened at $40.46 on Thursday. Werner Enterprises, Inc. has a 52 week low of $33.12 and a 52 week high of $43.26. The company has a current ratio of 1.53, a quick ratio of 1.49 and a debt-to-equity ratio of 0.48. The firm has a market cap of $2.50 billion, a price-to-earnings ratio of 55.82, a PEG ratio of 34.07 and a beta of 0.80. The stock has a 50 day moving average of $38.17 and a 200-day moving average of $37.28.

Werner Enterprises (NASDAQ:WERN) last released its quarterly earnings data on Tuesday, October 29th. The transportation company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.06). The business had revenue of $745.70 million during the quarter, compared to analyst estimates of $765.24 million. Werner Enterprises had a return on equity of 3.58% and a net margin of 1.48%. The business’s revenue for the quarter was down 8.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.42 EPS. As a group, analysts forecast that Werner Enterprises, Inc. will post 0.69 EPS for the current year.

Werner Enterprises Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd will be paid a $0.14 dividend. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $0.56 dividend on an annualized basis and a yield of 1.38%. Werner Enterprises’s payout ratio is currently 76.71%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Susquehanna reduced their target price on shares of Werner Enterprises from $30.00 to $28.00 and set a “negative” rating on the stock in a report on Friday, November 1st. Evercore ISI lowered their target price 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. Morgan Stanley dropped their target price on Werner Enterprises from $55.00 to $52.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. Citigroup began 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 for the company. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Werner Enterprises from $37.00 to $34.00 and set an “underweight” rating on the stock 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 assigned a buy rating to the company. Based on data from MarketBeat.com, Werner Enterprises presently has a consensus rating of “Hold” and an average price target of $36.57.

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.