Mutual of America Capital Management LLC Sells 130,576 Shares of Werner Enterprises, Inc. (NASDAQ:WERN)

Mutual of America Capital Management LLC lessened its stake in shares of Werner Enterprises, Inc. (NASDAQ:WERN) by 76.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 39,133 shares of the transportation company’s stock after selling 130,576 shares during the quarter. Mutual of America Capital Management LLC owned approximately 0.06% of Werner Enterprises worth $1,658,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Franklin Resources Inc. raised its stake in shares of Werner Enterprises by 1.3% during the 2nd quarter. Franklin Resources Inc. now owns 19,118 shares of the transportation company’s stock worth $845,000 after acquiring an additional 253 shares in the last quarter. State of Alaska Department of Revenue lifted its holdings in shares of Werner Enterprises by 3.8% during the 3rd 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 last quarter. Mercer Global Advisors Inc. ADV lifted its holdings in shares of Werner Enterprises by 4.1% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 7,556 shares of the transportation company’s stock valued at $284,000 after purchasing an additional 296 shares during the last quarter. WealthPlan Investment Management LLC boosted its position in shares of Werner Enterprises by 2.2% in the 4th quarter. WealthPlan Investment Management LLC now owns 14,295 shares of the transportation company’s stock worth $606,000 after purchasing an additional 301 shares in the last quarter. Finally, Yousif Capital Management LLC grew its stake in Werner Enterprises by 1.1% during the 3rd quarter. Yousif Capital Management LLC now owns 30,768 shares of the transportation company’s stock worth $1,198,000 after buying an additional 325 shares during the last quarter. 89.32% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

WERN has been the subject of several recent analyst reports. Stephens reissued an “overweight” rating and issued a $49.00 price target on shares of Werner Enterprises in a report on Wednesday, February 7th. Bank of America dropped their target price on shares of Werner Enterprises from $35.00 to $34.00 and set an “underperform” rating on the stock in a research report on Monday, April 15th. Stifel Nicolaus cut 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 note on Thursday. StockNews.com upgraded shares of Werner Enterprises from a “sell” rating to a “hold” rating in a research note on Tuesday, February 27th. Finally, Susquehanna cut their target price on Werner Enterprises from $40.00 to $35.00 and set a “neutral” rating on the stock in a research report on Monday, March 25th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $44.00.

Werner Enterprises Price Performance

Shares of WERN opened at $35.86 on Monday. The company has a market capitalization of $2.27 billion, a P/E ratio of 20.38, a P/E/G ratio of 1.06 and a beta of 0.78. The business’s 50-day moving average is $38.61 and its two-hundred day moving average is $39.32. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.87 and a current ratio of 1.92. Werner Enterprises, Inc. has a fifty-two week low of $34.67 and a fifty-two week high of $47.27.

Werner Enterprises (NASDAQ:WERN) last announced its quarterly earnings results on Monday, February 5th. The transportation company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.05). Werner Enterprises had a net margin of 3.42% and a return on equity of 8.17%. The company had revenue of $821.90 million for the quarter, compared to analysts’ expectations of $820.90 million. During the same quarter in the prior year, the business posted $0.99 earnings per share. The firm’s revenue was down 4.6% compared to the same quarter last year. Research analysts predict that Werner Enterprises, Inc. will post 1.91 earnings per share for the current year.

Werner Enterprises Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Monday, April 15th will be paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.56%. The ex-dividend date is Friday, April 12th. Werner Enterprises’s dividend payout ratio is currently 31.82%.

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.