Moody Aldrich Partners LLC Takes $2.32 Million Position in Werner Enterprises, Inc. (NASDAQ:WERN)

Moody Aldrich Partners LLC bought a new stake in shares of Werner Enterprises, Inc. (NASDAQ:WERN - Free Report) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 60,019 shares of the transportation company's stock, valued at approximately $2,316,000. Moody Aldrich Partners LLC owned 0.10% of Werner Enterprises at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of WERN. International Assets Investment Management LLC lifted its holdings in Werner Enterprises by 2,390.3% in the third quarter. International Assets Investment Management LLC now owns 1,544 shares of the transportation company's stock valued at $60,000 after buying an additional 1,482 shares during the period. Allspring Global Investments Holdings LLC raised its position in shares of Werner Enterprises by 3.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,516,893 shares of the transportation company's stock valued at $58,537,000 after acquiring an additional 56,551 shares during the last quarter. Net Worth Advisory Group bought a new stake in shares of Werner Enterprises during the 3rd quarter valued at $250,000. Inspire Investing LLC lifted its stake in shares of Werner Enterprises by 7.9% in the 3rd quarter. Inspire Investing LLC now owns 10,593 shares of the transportation company's stock valued at $409,000 after purchasing an additional 773 shares during the period. Finally, GAMMA Investing LLC boosted its position in shares of Werner Enterprises by 145.7% in the 3rd quarter. GAMMA Investing LLC now owns 801 shares of the transportation company's stock worth $31,000 after purchasing an additional 475 shares during the last quarter. Institutional investors own 89.32% of the company's stock.

Werner Enterprises Stock Down 1.2 %

WERN stock traded down $0.45 during trading hours on Thursday, reaching $37.02. 734,655 shares of the stock were exchanged, compared to its average volume of 748,077. The firm's 50-day moving average is $37.07 and its 200-day moving average is $36.74. Werner Enterprises, Inc. has a 12 month low of $33.12 and a 12 month high of $43.26. The company has a market cap of $2.29 billion, a price-to-earnings ratio of 37.39, a PEG ratio of 11.82 and a beta of 0.79. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.69 and a quick ratio of 1.64.

Werner Enterprises (NASDAQ:WERN - Get Free Report) last posted its quarterly earnings data on Tuesday, July 30th. The transportation company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.03). Werner Enterprises had a return on equity of 4.70% and a net margin of 1.99%. The firm had revenue of $760.80 million for the quarter, compared to analyst estimates of $769.81 million. During the same period in the prior year, the company earned $0.52 earnings per share. The firm's quarterly revenue was down 6.2% on a year-over-year basis. On average, equities research analysts expect that Werner Enterprises, Inc. will post 0.87 earnings per share for the current year.

Werner Enterprises Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 23rd. Stockholders of record on Monday, October 7th were given 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 was Monday, October 7th. Werner Enterprises's dividend payout ratio is presently 56.57%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. StockNews.com lowered Werner Enterprises from a "hold" rating to a "sell" rating in a research note on Tuesday, July 16th. Stephens cut their price target on shares of Werner Enterprises from $40.00 to $36.00 and set an "equal weight" rating on the stock in a research report on Monday, August 5th. 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 report on Monday, July 8th. Evercore ISI lowered their target price on shares of Werner Enterprises from $37.00 to $35.00 and set an "in-line" rating for the company in a research note on Thursday, October 3rd. Finally, UBS Group cut shares of Werner Enterprises from a "buy" rating to a "neutral" rating and set a $39.00 price target on the stock. in a research report on Tuesday, July 9th. Seven research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $37.57.

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.