Werner Enterprises, Inc. (NASDAQ:WERN) Shares Sold by State Street Corp

State Street Corp decreased its stake in Werner Enterprises, Inc. (NASDAQ:WERN - Free Report) by 0.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,544,776 shares of the transportation company's stock after selling 19,210 shares during the quarter. State Street Corp owned approximately 4.12% of Werner Enterprises worth $98,203,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of WERN. Arizona State Retirement System grew its holdings in shares of Werner Enterprises by 2.0% in the 2nd quarter. Arizona State Retirement System now owns 16,879 shares of the transportation company's stock valued at $605,000 after buying an additional 328 shares during the period. SummerHaven Investment Management LLC grew its position in shares of Werner Enterprises by 2.5% in the 2nd quarter. SummerHaven Investment Management LLC now owns 17,221 shares of the transportation company's stock valued at $617,000 after purchasing an additional 414 shares during the period. GAMMA Investing LLC lifted its stake in Werner Enterprises by 145.7% in the third quarter. GAMMA Investing LLC now owns 801 shares of the transportation company's stock valued at $31,000 after buying an additional 475 shares in the last quarter. KBC Group NV lifted its position in Werner Enterprises by 43.1% in the 3rd quarter. KBC Group NV now owns 2,071 shares of the transportation company's stock valued at $80,000 after acquiring an additional 624 shares in the last quarter. Finally, Inspire Investing LLC increased its holdings in Werner Enterprises by 7.2% during the 2nd quarter. Inspire Investing LLC now owns 9,820 shares of the transportation company's stock worth $352,000 after purchasing an additional 656 shares in the last quarter. 89.32% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Morgan Stanley lowered their price target on shares of Werner Enterprises from $55.00 to $52.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 30th. The Goldman Sachs Group lowered their price target on Werner Enterprises from $37.00 to $33.00 and set a "sell" rating on the stock in a research report on Wednesday, October 9th. Susquehanna reduced their target price on shares of Werner Enterprises from $30.00 to $28.00 and set a "negative" rating for the company in a research report on Friday, November 1st. Citigroup started coverage on shares of Werner Enterprises in a research report on Wednesday, October 9th. They issued a "sell" rating and a $34.00 target price for the company. Finally, Barclays boosted their price target on Werner Enterprises from $36.00 to $40.00 and gave the stock an "equal weight" rating in a report on Wednesday, November 13th. Seven research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $36.57.

Werner Enterprises Price Performance

WERN traded down $0.27 on Monday, hitting $38.56. 599,969 shares of the company's stock traded hands, compared to its average volume of 734,599. The company has a current ratio of 1.53, a quick ratio of 1.49 and a debt-to-equity ratio of 0.48. Werner Enterprises, Inc. has a one year low of $33.12 and a one year high of $43.26. The company's 50 day simple moving average is $38.87 and its 200-day simple moving average is $37.54. The firm has a market cap of $2.38 billion, a price-to-earnings ratio of 52.82, a P/E/G ratio of 33.43 and a beta of 0.82.

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

Werner Enterprises Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd will be given a $0.14 dividend. The ex-dividend date is Thursday, January 2nd. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.45%. Werner Enterprises's dividend payout ratio (DPR) is currently 76.71%.

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.