Rowlandmiller & PARTNERS.ADV Sells 289 Shares of Werner Enterprises, Inc. (NASDAQ:WERN)

Rowlandmiller & PARTNERS.ADV decreased its stake in Werner Enterprises, Inc. (NASDAQ:WERN) by 0.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 109,275 shares of the transportation company’s stock after selling 289 shares during the period. Rowlandmiller & PARTNERS.ADV owned about 0.18% of Werner Enterprises worth $4,217,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Werner Enterprises by 9.7% in the 4th quarter. Vanguard Group Inc. now owns 6,420,141 shares of the transportation company’s stock valued at $272,021,000 after acquiring an additional 565,193 shares during the period. PNC Financial Services Group Inc. increased its position in Werner Enterprises by 16.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 8,892 shares of the transportation company’s stock valued at $377,000 after acquiring an additional 1,245 shares during the period. Allspring Global Investments Holdings LLC increased its position in Werner Enterprises by 3.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,421,798 shares of the transportation company’s stock valued at $55,621,000 after acquiring an additional 48,340 shares during the period. Norden Group LLC increased its position in Werner Enterprises by 1,048.4% in the 1st quarter. Norden Group LLC now owns 91,312 shares of the transportation company’s stock valued at $3,572,000 after acquiring an additional 83,361 shares during the period. Finally, Diversify Advisory Services LLC acquired a new position in Werner Enterprises in the 1st quarter valued at approximately $267,000. Institutional investors own 89.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on WERN. Evercore ISI decreased their price target on shares of Werner Enterprises from $37.00 to $35.00 and set an “in-line” rating for the company in a research report on Thursday, October 3rd. Susquehanna increased their price objective on shares of Werner Enterprises from $26.00 to $30.00 and gave the stock a “negative” rating in a research report on Thursday, September 26th. JPMorgan Chase & Co. increased their price objective on shares of Werner Enterprises from $32.00 to $37.00 and gave the stock an “underweight” rating in a research report on Wednesday, July 31st. The Goldman Sachs Group decreased their price objective on shares of Werner Enterprises from $37.00 to $33.00 and set a “sell” rating for the company in a research report on Wednesday, October 9th. Finally, Morgan Stanley decreased their price objective on shares of Werner Enterprises from $57.00 to $56.00 and set an “overweight” rating for the company in a research report on Monday, July 8th. Seven research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $37.57.

Werner Enterprises Stock Down 1.2 %

Shares of NASDAQ WERN opened at $37.02 on Friday. The firm has a market cap of $2.29 billion, a PE ratio of 37.39, a P/E/G ratio of 11.82 and a beta of 0.79. Werner Enterprises, Inc. has a 12-month low of $33.12 and a 12-month high of $43.26. The company’s fifty day simple moving average is $37.07 and its 200 day simple moving average is $36.74. The company has a quick ratio of 1.64, a current ratio of 1.69 and a debt-to-equity ratio of 0.45.

Werner Enterprises (NASDAQ:WERN) last released its quarterly earnings data on Tuesday, July 30th. The transportation company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.03). Werner Enterprises had a net margin of 1.99% and a return on equity of 4.70%. The business had revenue of $760.80 million during the quarter, compared to the consensus estimate of $769.81 million. During the same period last year, the business posted $0.52 earnings per share. The firm’s quarterly revenue was down 6.2% on a year-over-year basis. As a group, sell-side analysts forecast that Werner Enterprises, Inc. will post 0.87 earnings per share for the current fiscal year.

Werner Enterprises Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 23rd. Shareholders of record on Monday, October 7th were paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date of this dividend was Monday, October 7th. Werner Enterprises’s dividend payout ratio (DPR) is 56.57%.

About Werner Enterprises

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.