Werner Enterprises, Inc. $WERN Stake Lessened by Deprince Race & Zollo Inc.

Deprince Race & Zollo Inc. trimmed its stake in shares of Werner Enterprises, Inc. (NASDAQ:WERN) by 0.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,629,691 shares of the transportation company’s stock after selling 22,971 shares during the quarter. Werner Enterprises makes up 1.4% of Deprince Race & Zollo Inc.’s portfolio, making the stock its 12th biggest position. Deprince Race & Zollo Inc. owned 4.40% of Werner Enterprises worth $69,213,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the stock. First Trust Advisors LP raised its stake in shares of Werner Enterprises by 17.2% in the 2nd quarter. First Trust Advisors LP now owns 2,893,705 shares of the transportation company’s stock valued at $79,172,000 after purchasing an additional 424,935 shares in the last quarter. American Century Companies Inc. raised its stake in Werner Enterprises by 5.1% during the second quarter. American Century Companies Inc. now owns 2,280,995 shares of the transportation company’s stock valued at $62,408,000 after buying an additional 110,468 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in Werner Enterprises by 7.1% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,965,037 shares of the transportation company’s stock worth $56,023,000 after buying an additional 129,850 shares during the last quarter. Ameriprise Financial Inc. grew its position in shares of Werner Enterprises by 14.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 745,147 shares of the transportation company’s stock worth $20,387,000 after acquiring an additional 94,440 shares in the last quarter. Finally, Bank of America Corp DE increased its holdings in shares of Werner Enterprises by 33.2% in the 2nd quarter. Bank of America Corp DE now owns 722,269 shares of the transportation company’s stock valued at $19,761,000 after acquiring an additional 180,178 shares during the last quarter. 89.32% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on WERN. Wells Fargo & Company reduced their price objective on Werner Enterprises from $25.00 to $22.00 and set an “underweight” rating on the stock in a research note on Monday, October 6th. Citigroup decreased their price target on shares of Werner Enterprises from $29.00 to $27.00 and set a “neutral” rating for the company in a report on Friday, October 31st. Morgan Stanley increased their price objective on shares of Werner Enterprises from $36.00 to $37.00 and gave the stock an “overweight” rating in a research note on Monday, December 8th. JPMorgan Chase & Co. cut their target price on shares of Werner Enterprises from $24.00 to $23.00 and set an “underweight” rating on the stock in a report on Friday, October 31st. Finally, TD Cowen lowered their target price on Werner Enterprises from $24.00 to $23.00 and set a “hold” rating for the company in a report on Friday, October 31st. Two equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and seven have given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $26.93.

Werner Enterprises Price Performance

NASDAQ WERN opened at $30.56 on Friday. The company has a 50-day moving average price of $27.37 and a two-hundred day moving average price of $27.71. Werner Enterprises, Inc. has a 52 week low of $23.02 and a 52 week high of $38.60. The stock has a market cap of $1.83 billion, a price-to-earnings ratio of 74.54, a price-to-earnings-growth ratio of 21.08 and a beta of 1.08. The company has a current ratio of 1.62, a quick ratio of 1.59 and a debt-to-equity ratio of 0.52.

Werner Enterprises (NASDAQ:WERN) last issued its quarterly earnings data on Thursday, October 30th. The transportation company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.18). Werner Enterprises had a return on equity of 0.14% and a net margin of 0.85%.The business had revenue of $712.04 million for the quarter, compared to analyst estimates of $763.63 million. During the same quarter in the prior year, the firm posted $0.15 earnings per share. The business’s quarterly revenue was up 3.5% on a year-over-year basis. Analysts forecast that Werner Enterprises, Inc. will post 1.27 EPS for the current year.

Werner Enterprises Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 21st. Stockholders of record on Monday, January 5th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Monday, January 5th. This represents a $0.56 annualized dividend and a dividend yield of 1.8%. Werner Enterprises’s dividend payout ratio is presently 136.59%.

Werner Enterprises Company Profile

Werner Enterprises, Inc, founded in 1956 by Clarence L. “Chris” Werner, is a leading transportation and logistics provider based in Omaha, Nebraska. The company began as a one‐truck operation and has since grown into one of North America’s largest carriers, offering an array of services to support diverse supply chains.

Werner’s core business activities include full truckload dry van services, dedicated contract carriage, intermodal transport and brokerage solutions. The company also provides value-added services such as warehousing, freight management and fleet maintenance through its network of terminals and service centers.