Federated Hermes Inc. Decreases Holdings in Werner Enterprises, Inc. (NASDAQ:WERN)

Federated Hermes Inc. lowered its position in Werner Enterprises, Inc. (NASDAQ:WERN) by 7.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,985 shares of the transportation company’s stock after selling 580 shares during the quarter. Federated Hermes Inc.’s holdings in Werner Enterprises were worth $296,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Blue Trust Inc. grew its holdings in shares of Werner Enterprises by 139.9% during the 4th quarter. Blue Trust Inc. now owns 703 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 410 shares during the last quarter. Headlands Technologies LLC purchased a new position in shares of Werner Enterprises in the third quarter worth about $36,000. Planned Solutions Inc. bought a new stake in shares of Werner Enterprises in the 4th quarter valued at about $57,000. Strs Ohio lifted its stake in shares of Werner Enterprises by 35.3% in the 3rd quarter. Strs Ohio now owns 2,300 shares of the transportation company’s stock valued at $89,000 after acquiring an additional 600 shares during the last quarter. Finally, Covestor Ltd boosted its holdings in Werner Enterprises by 46.5% during the 3rd quarter. Covestor Ltd now owns 2,402 shares of the transportation company’s stock valued at $94,000 after acquiring an additional 762 shares during the period. 89.32% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

WERN has been the subject of several recent research reports. Stifel Nicolaus lowered their price objective on Werner Enterprises from $42.00 to $39.00 and set a “hold” rating for the company in a research report on Thursday, April 18th. TD Cowen lowered their price target on shares of Werner Enterprises from $42.00 to $38.00 and set a “buy” rating for the company in a report on Wednesday. Bank of America dropped their price target on shares of Werner Enterprises from $35.00 to $34.00 and set an “underperform” rating for the company in a research report on Monday, April 15th. Susquehanna decreased their price objective on shares of Werner Enterprises from $40.00 to $35.00 and set a “neutral” rating on the stock in a research report on Monday, March 25th. Finally, Robert W. Baird dropped their target price on shares of Werner Enterprises from $46.00 to $42.00 and set an “outperform” rating for the company in a report on Wednesday. One research analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Werner Enterprises presently has an average rating of “Hold” and a consensus target price of $40.83.

Werner Enterprises Stock Up 1.6 %

Shares of NASDAQ:WERN opened at $36.31 on Friday. The firm has a market capitalization of $2.30 billion, a P/E ratio of 27.72, a P/E/G ratio of 2.25 and a beta of 0.82. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.87 and a current ratio of 1.90. The stock has a 50 day moving average price of $37.51 and a 200-day moving average price of $39.05. Werner Enterprises, Inc. has a 52-week low of $33.12 and a 52-week high of $47.27.

Werner Enterprises (NASDAQ:WERN) last posted its quarterly earnings data on Tuesday, April 30th. The transportation company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.14). Werner Enterprises had a return on equity of 6.15% and a net margin of 2.59%. The firm had revenue of $769.08 million during the quarter, compared to the consensus estimate of $788.30 million. During the same quarter last year, the company posted $0.60 EPS. Werner Enterprises’s revenue for the quarter was down 7.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Werner Enterprises, Inc. will post 1.76 EPS for the current fiscal year.

Werner Enterprises Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 1st. Investors of record on Monday, April 15th were paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 1.54%. The ex-dividend date of this dividend was Friday, April 12th. Werner Enterprises’s payout ratio is currently 42.75%.

Werner Enterprises Company 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.