Stifel Financial Corp Sells 129,511 Shares of Werner Enterprises, Inc. (NASDAQ:WERN)

Stifel Financial Corp lowered its holdings in Werner Enterprises, Inc. (NASDAQ:WERN) by 70.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 54,559 shares of the transportation company’s stock after selling 129,511 shares during the quarter. Stifel Financial Corp owned about 0.09% of Werner Enterprises worth $2,105,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Blue Trust Inc. increased its position in shares of Werner Enterprises by 209.6% during the second quarter. Blue Trust Inc. now owns 1,158 shares of the transportation company’s stock worth $45,000 after acquiring an additional 784 shares in the last quarter. Raymond James & Associates increased its holdings in Werner Enterprises by 14.8% during the 2nd quarter. Raymond James & Associates now owns 252,504 shares of the transportation company’s stock worth $9,047,000 after purchasing an additional 32,503 shares in the last quarter. 1620 Investment Advisors Inc. purchased a new stake in shares of Werner Enterprises in the second quarter worth approximately $29,000. Louisiana State Employees Retirement System lifted its holdings in shares of Werner Enterprises by 74.3% in the second quarter. Louisiana State Employees Retirement System now owns 31,900 shares of the transportation company’s stock valued at $1,143,000 after purchasing an additional 13,600 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of Werner Enterprises by 2.7% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,460,342 shares of the transportation company’s stock valued at $52,324,000 after buying an additional 38,544 shares during the last quarter. Institutional investors own 89.32% of the company’s stock.

Werner Enterprises Price Performance

WERN opened at $36.37 on Friday. The firm has a 50-day moving average price of $38.92 and a 200-day moving average price of $37.53. Werner Enterprises, Inc. has a twelve month low of $33.12 and a twelve month high of $43.26. The company has a quick ratio of 1.49, a current ratio of 1.53 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $2.25 billion, a price-to-earnings ratio of 49.82, a PEG ratio of 33.43 and a beta of 0.82.

Werner Enterprises (NASDAQ:WERN) last released its quarterly earnings data on Tuesday, October 29th. The transportation company reported $0.15 earnings per share 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 analysts’ expectations of $765.24 million. Werner Enterprises had a net margin of 1.48% and a return on equity of 3.58%. The firm’s quarterly revenue was down 8.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.42 earnings per share. Equities analysts expect that Werner Enterprises, Inc. will post 0.68 EPS for the current year.

Werner Enterprises Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd will be issued a dividend of $0.14 per share. The ex-dividend date is Thursday, January 2nd. This represents a $0.56 dividend on an annualized basis and a yield of 1.54%. Werner Enterprises’s dividend payout ratio (DPR) is 76.71%.

Analysts Set New Price Targets

WERN has been the subject of a number of analyst reports. The Goldman Sachs Group lowered their price target on Werner Enterprises from $37.00 to $33.00 and set a “sell” rating for the company in a research report on Wednesday, October 9th. Stifel Nicolaus lowered their target price on shares of Werner Enterprises from $33.00 to $32.00 and set a “hold” rating for the company in a report on Monday, November 4th. Morgan Stanley cut their price target on shares of Werner Enterprises from $55.00 to $52.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. TD Cowen increased their price objective on shares of Werner Enterprises from $40.00 to $41.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Finally, Barclays lifted their target price on shares of Werner Enterprises from $36.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 13th. Seven analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Werner Enterprises currently has a consensus rating of “Hold” and an average target price 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.