Cwm LLC Trims Stock Holdings in Werner Enterprises, Inc. (NASDAQ:WERN)

Cwm LLC lessened its position in shares of Werner Enterprises, Inc. (NASDAQ:WERN) by 6.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 95,257 shares of the transportation company’s stock after selling 6,479 shares during the quarter. Cwm LLC’s holdings in Werner Enterprises were worth $4,036,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. SG Americas Securities LLC acquired a new position in Werner Enterprises in the 3rd quarter worth approximately $818,000. State of Alaska Department of Revenue lifted its position in Werner Enterprises by 3.8% during the third quarter. State of Alaska Department of Revenue now owns 7,586 shares of the transportation company’s stock valued at $295,000 after purchasing an additional 280 shares during the period. Raymond James & Associates grew its position in Werner Enterprises by 137.2% during the 3rd quarter. Raymond James & Associates now owns 125,028 shares of the transportation company’s stock worth $4,870,000 after purchasing an additional 72,316 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Werner Enterprises by 35.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 962,645 shares of the transportation company’s stock valued at $37,495,000 after buying an additional 249,838 shares during the last quarter. Finally, New York State Teachers Retirement System raised its stake in shares of Werner Enterprises by 0.6% during the 3rd quarter. New York State Teachers Retirement System now owns 63,319 shares of the transportation company’s stock valued at $2,466,000 after buying an additional 385 shares during the last quarter. 89.32% of the stock is owned by institutional investors and hedge funds.

Werner Enterprises Stock Up 1.0 %

Shares of NASDAQ WERN opened at $35.69 on Wednesday. The firm’s 50-day moving average is $38.36 and its two-hundred day moving average is $39.28. The company has a market capitalization of $2.26 billion, a PE ratio of 20.28, a price-to-earnings-growth ratio of 1.08 and a beta of 0.78. Werner Enterprises, Inc. has a 12-month low of $34.67 and a 12-month high of $47.27. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.92 and a quick ratio of 1.87.

Werner Enterprises (NASDAQ:WERN) last issued its quarterly earnings results on Monday, February 5th. The transportation company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.05). The business had revenue of $821.90 million during the quarter, compared to analyst estimates of $820.90 million. Werner Enterprises had a return on equity of 8.17% and a net margin of 3.42%. The firm’s quarterly revenue was down 4.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.99 earnings per share. Equities analysts anticipate that Werner Enterprises, Inc. will post 1.91 EPS for the current fiscal year.

Werner Enterprises Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Monday, April 15th will be issued a dividend of $0.14 per share. The ex-dividend date is Friday, April 12th. This represents a $0.56 annualized dividend and a yield of 1.57%. Werner Enterprises’s dividend payout ratio is presently 31.82%.

Wall Street Analyst Weigh In

WERN has been the subject of a number of analyst reports. Susquehanna decreased their price target on Werner Enterprises from $40.00 to $35.00 and set a “neutral” rating for the company in a report on Monday, March 25th. Stephens reissued an “overweight” rating and set a $49.00 price target on shares of Werner Enterprises in a report on Wednesday, February 7th. Stifel Nicolaus dropped their price target on shares of Werner Enterprises from $42.00 to $39.00 and set a “hold” rating on the stock in a research report on Thursday, April 18th. Morgan Stanley reduced their price target on Werner Enterprises from $60.00 to $59.00 and set an “overweight” rating for the company in a report on Wednesday, February 7th. Finally, Barclays cut Werner Enterprises from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $45.00 to $40.00 in a report on Monday, April 1st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $44.00.

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.