Werner Enterprises, Inc. (NASDAQ:WERN) Shares Purchased by Nuance Investments LLC

Nuance Investments LLC grew its position in Werner Enterprises, Inc. (NASDAQ:WERN - Free Report) by 24.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,943,893 shares of the transportation company's stock after acquiring an additional 776,277 shares during the quarter. Werner Enterprises comprises 5.1% of Nuance Investments LLC's holdings, making the stock its 5th largest position. Nuance Investments LLC owned 6.38% of Werner Enterprises worth $152,195,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Sei Investments Co. grew its stake in shares of Werner Enterprises by 2.4% in the first quarter. Sei Investments Co. now owns 31,599 shares of the transportation company's stock valued at $1,236,000 after buying an additional 744 shares in the last quarter. ProShare Advisors LLC boosted its position in shares of Werner Enterprises by 4.6% in the 1st quarter. ProShare Advisors LLC now owns 14,913 shares of the transportation company's stock valued at $583,000 after purchasing an additional 659 shares during the period. State Board of Administration of Florida Retirement System increased its holdings in shares of Werner Enterprises by 62.5% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 29,387 shares of the transportation company's stock valued at $1,150,000 after acquiring an additional 11,305 shares during the period. EntryPoint Capital LLC acquired a new stake in shares of Werner Enterprises during the first quarter worth about $43,000. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of Werner Enterprises by 5.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 43,185 shares of the transportation company's stock valued at $1,690,000 after purchasing an additional 2,248 shares during the period. Hedge funds and other institutional investors own 89.32% of the company's stock.

Analyst Ratings Changes

WERN has been the subject of a number of recent research reports. Evercore ISI dropped their price objective on shares of Werner Enterprises from $35.00 to $32.00 and set an "in-line" rating for the company in a research note on Wednesday, October 30th. Stephens lowered their price target on Werner Enterprises from $40.00 to $36.00 and set an "equal weight" rating on the stock in a report on Monday, August 5th. Barclays upped their target price on Werner Enterprises from $36.00 to $40.00 and gave the company an "equal weight" rating in a report on Wednesday, November 13th. Morgan Stanley lowered their price target on Werner Enterprises from $55.00 to $52.00 and set an "overweight" rating for the company in a research note on Wednesday, October 30th. Finally, Wells Fargo & Company lowered their target price on Werner Enterprises from $38.00 to $35.00 and set an "underweight" rating on the stock in a report on Wednesday, October 30th. Seven equities 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's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $36.57.

Werner Enterprises Trading Down 0.7 %

NASDAQ WERN traded down $0.27 during trading on Wednesday, hitting $38.97. The stock had a trading volume of 331,144 shares, compared to its average volume of 747,925. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.49 and a current ratio of 1.53. The stock has a market capitalization of $2.41 billion, a price-to-earnings ratio of 53.75, a P/E/G ratio of 33.51 and a beta of 0.80. The stock has a 50 day simple moving average of $37.87 and a 200 day simple moving average of $37.17. Werner Enterprises, Inc. has a one year low of $33.12 and a one year high of $43.26.

Werner Enterprises (NASDAQ:WERN - Get Free Report) last issued its quarterly earnings results 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 firm had revenue of $745.70 million for 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%. The business's revenue 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. Sell-side analysts predict that Werner Enterprises, Inc. will post 0.69 earnings per share for the current year.

Werner Enterprises Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $0.56 annualized dividend and a yield of 1.44%. Werner Enterprises's dividend payout ratio (DPR) is 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.