Moran Wealth Management LLC Lowers Holdings in Werner Enterprises, Inc. (NASDAQ:WERN)

Moran Wealth Management LLC trimmed its holdings in Werner Enterprises, Inc. (NASDAQ:WERN) by 0.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 47,898 shares of the transportation company’s stock after selling 403 shares during the period. Moran Wealth Management LLC’s holdings in Werner Enterprises were worth $2,116,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. Boxwood Ventures Inc. grew its position in Werner Enterprises by 28.9% in the second quarter. Boxwood Ventures Inc. now owns 16,596 shares of the transportation company’s stock worth $736,000 after acquiring an additional 3,716 shares during the period. Charles Schwab Investment Management Inc. grew its position in Werner Enterprises by 0.9% in the second quarter. Charles Schwab Investment Management Inc. now owns 536,275 shares of the transportation company’s stock worth $23,693,000 after acquiring an additional 4,886 shares during the period. Citigroup Inc. grew its position in Werner Enterprises by 138.1% in the second quarter. Citigroup Inc. now owns 32,035 shares of the transportation company’s stock worth $1,415,000 after acquiring an additional 18,583 shares during the period. Swiss National Bank grew its position in Werner Enterprises by 6.8% in the second quarter. Swiss National Bank now owns 131,100 shares of the transportation company’s stock worth $5,792,000 after acquiring an additional 8,300 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in Werner Enterprises by 7.6% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 28,491 shares of the transportation company’s stock worth $1,259,000 after acquiring an additional 2,008 shares during the period. 85.10% of the stock is currently owned by hedge funds and other institutional investors.

Werner Enterprises Price Performance

Shares of NASDAQ:WERN opened at $38.56 on Tuesday. The business’s 50 day simple moving average is $38.28 and its 200-day simple moving average is $42.06. The firm has a market capitalization of $2.44 billion, a price-to-earnings ratio of 16.55, a price-to-earnings-growth ratio of 6.32 and a beta of 0.83. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.96 and a quick ratio of 1.90. Werner Enterprises, Inc. has a 12 month low of $35.02 and a 12 month high of $50.31.

Werner Enterprises (NASDAQ:WERN) last announced its quarterly earnings results on Wednesday, November 1st. The transportation company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.06). The firm had revenue of $817.74 million for the quarter, compared to analysts’ expectations of $812.72 million. Werner Enterprises had a return on equity of 10.87% and a net margin of 4.48%. Werner Enterprises’s revenue was down 1.2% compared to the same quarter last year. During the same period last year, the firm earned $0.90 EPS. As a group, equities analysts forecast that Werner Enterprises, Inc. will post 2.05 earnings per share for the current fiscal year.

Werner Enterprises Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 17th. Investors of record on Tuesday, January 2nd will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Friday, December 29th. This represents a $0.56 annualized dividend and a dividend yield of 1.45%. Werner Enterprises’s dividend payout ratio is currently 24.03%.

Analysts Set New Price Targets

WERN has been the subject of several research analyst reports. Evercore ISI lowered their price target on Werner Enterprises from $47.00 to $42.00 in a research report on Wednesday, September 27th. StockNews.com initiated coverage on Werner Enterprises in a research report on Thursday, October 5th. They set a “sell” rating for the company. TheStreet lowered Werner Enterprises from a “b-” rating to a “c+” rating in a research report on Thursday, October 19th. Stifel Nicolaus lowered their price target on Werner Enterprises from $53.00 to $52.00 and set a “buy” rating for the company in a research report on Tuesday, August 8th. Finally, Morgan Stanley lowered their price target on Werner Enterprises from $62.00 to $61.00 and set an “overweight” rating for the company in a research report on Tuesday, November 7th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Werner Enterprises has a consensus rating of “Hold” and a consensus target price of $47.31.

Werner Enterprises Profile

Werner Enterprises, Inc, a transportation and logistics company, engages in transporting truckload shipments of general commodities in interstate and intrastate commerce in the United States, Mexico, and internationally. It operates through Truckload Transportation Services and Werner Logistics segments.