Dean Investment Associates LLC Has $4.94 Million Stock Holdings in Werner Enterprises, Inc. (NASDAQ:WERN)

Dean Investment Associates LLC reduced its holdings in Werner Enterprises, Inc. (NASDAQ:WERN - Free Report) by 14.7% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 127,907 shares of the transportation company's stock after selling 22,068 shares during the quarter. Dean Investment Associates LLC owned approximately 0.21% of Werner Enterprises worth $4,936,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Intech Investment Management LLC acquired a new stake in shares of Werner Enterprises in the 3rd quarter worth about $630,000. Empower Advisory Group LLC increased its stake in shares of Werner Enterprises by 4.8% in the third quarter. Empower Advisory Group LLC now owns 362,786 shares of the transportation company's stock valued at $14,000,000 after purchasing an additional 16,637 shares during the period. Edgestream Partners L.P. raised its holdings in shares of Werner Enterprises by 31.1% during the third quarter. Edgestream Partners L.P. now owns 84,085 shares of the transportation company's stock valued at $3,245,000 after buying an additional 19,944 shares during the last quarter. Holocene Advisors LP boosted its position in shares of Werner Enterprises by 19.8% during the third quarter. Holocene Advisors LP now owns 98,550 shares of the transportation company's stock worth $3,803,000 after buying an additional 16,280 shares during the period. Finally, AQR Capital Management LLC grew its holdings in Werner Enterprises by 65.5% in the 2nd quarter. AQR Capital Management LLC now owns 879,371 shares of the transportation company's stock worth $31,455,000 after buying an additional 348,154 shares in the last quarter. 89.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on WERN shares. Evercore ISI cut their price objective on shares of Werner Enterprises from $35.00 to $32.00 and set an "in-line" rating on the stock in a research note on Wednesday, October 30th. Citigroup started coverage on shares of Werner Enterprises in a research report on Wednesday, October 9th. They set a "sell" rating and a $34.00 price target on the stock. JPMorgan Chase & Co. decreased their price objective on shares of Werner Enterprises from $37.00 to $34.00 and set an "underweight" rating for the company in a report on Wednesday, October 30th. Morgan Stanley dropped their target price on Werner Enterprises from $55.00 to $52.00 and set an "overweight" rating on the stock in a report on Wednesday, October 30th. Finally, Barclays increased their price target on Werner Enterprises from $36.00 to $40.00 and gave the company an "equal weight" rating in a research note on Wednesday, November 13th. Seven analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, Werner Enterprises has an average rating of "Hold" and an average target price of $36.57.

Werner Enterprises Price Performance

Werner Enterprises stock traded down $0.05 during mid-day trading on Friday, hitting $39.37. 370,172 shares of the company were exchanged, compared to its average volume of 578,888. Werner Enterprises, Inc. has a 1-year low of $33.12 and a 1-year high of $43.26. The company has a quick ratio of 1.49, a current ratio of 1.53 and a debt-to-equity ratio of 0.48. The business has a fifty day moving average of $38.60 and a 200 day moving average of $37.44. The company has a market capitalization of $2.43 billion, a PE ratio of 53.93, a price-to-earnings-growth ratio of 33.89 and a beta of 0.82.

Werner Enterprises (NASDAQ:WERN - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The transportation company reported $0.15 EPS for the quarter, missing analysts' consensus estimates of $0.21 by ($0.06). The business had revenue of $745.70 million during the quarter, compared to analyst estimates of $765.24 million. Werner Enterprises had a return on equity of 3.58% and a net margin of 1.48%. Werner Enterprises's revenue for the quarter was down 8.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.42 EPS. As a group, sell-side analysts expect that Werner Enterprises, Inc. will post 0.68 earnings per share for the current year.

Werner Enterprises Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date is Thursday, January 2nd. Werner Enterprises's dividend payout ratio is currently 76.71%.

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.