Nisa Investment Advisors LLC Cuts Stake in Werner Enterprises, Inc. (NASDAQ:WERN)

Nisa Investment Advisors LLC lowered its stake in shares of Werner Enterprises, Inc. (NASDAQ:WERN) by 11.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,662 shares of the transportation company’s stock after selling 731 shares during the period. Nisa Investment Advisors LLC’s holdings in Werner Enterprises were worth $166,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Headlands Technologies LLC bought a new position in Werner Enterprises in the fourth quarter worth about $39,000. MassMutual Private Wealth & Trust FSB increased its stake in shares of Werner Enterprises by 69.7% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,176 shares of the transportation company’s stock worth $34,000 after acquiring an additional 483 shares during the last quarter. Sterling Capital Management LLC increased its stake in shares of Werner Enterprises by 796.3% in the 4th quarter. Sterling Capital Management LLC now owns 1,703 shares of the transportation company’s stock worth $61,000 after acquiring an additional 1,513 shares during the last quarter. Quadrant Capital Group LLC increased its position in shares of Werner Enterprises by 35.7% during the 4th quarter. Quadrant Capital Group LLC now owns 2,431 shares of the transportation company’s stock worth $87,000 after purchasing an additional 639 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd acquired a new stake in shares of Werner Enterprises during the 4th quarter worth about $204,000. 89.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

WERN has been the subject of a number of research analyst reports. Susquehanna raised their target price on Werner Enterprises from $23.00 to $25.00 and gave the company a “neutral” rating in a report on Tuesday, June 24th. Stifel Nicolaus decreased their price objective on Werner Enterprises from $29.00 to $24.00 and set a “hold” rating for the company in a research note on Thursday, May 1st. Baird R W raised Werner Enterprises to a “strong sell” rating in a report on Tuesday, July 1st. Citigroup boosted their price objective on Werner Enterprises from $29.00 to $31.00 and gave the company a “neutral” rating in a research note on Wednesday, July 9th. Finally, Robert W. Baird assumed coverage on Werner Enterprises in a research note on Tuesday, July 1st. They issued an “underperform” rating and a $25.00 price objective for the company. Seven investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $30.40.

Werner Enterprises Stock Performance

NASDAQ:WERN opened at $28.23 on Friday. The stock has a market cap of $1.74 billion, a P/E ratio of 97.34, a PEG ratio of 1.65 and a beta of 1.07. The stock has a 50 day simple moving average of $27.61 and a 200 day simple moving average of $30.35. The company has a current ratio of 1.66, a quick ratio of 1.62 and a debt-to-equity ratio of 0.45. Werner Enterprises, Inc. has a 1-year low of $23.02 and a 1-year high of $42.48.

Werner Enterprises (NASDAQ:WERN) last posted its quarterly earnings data on Tuesday, April 29th. The transportation company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.24). Werner Enterprises had a return on equity of 1.20% and a net margin of 0.60%. The company had revenue of $712.11 million for the quarter, compared to the consensus estimate of $738.41 million. During the same quarter last year, the business earned $0.14 EPS. Werner Enterprises’s revenue was down 7.4% on a year-over-year basis. Research analysts anticipate that Werner Enterprises, Inc. will post 1.27 earnings per share for the current year.

Werner Enterprises Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 23rd. Shareholders of record on Monday, July 7th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 1.98%. The ex-dividend date is Monday, July 7th. Werner Enterprises’s payout ratio is presently 193.10%.

Werner Enterprises 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.