Geode Capital Management LLC Has $56.61 Million Stock Holdings in Werner Enterprises, Inc. (NASDAQ:WERN)

Geode Capital Management LLC cut its stake in Werner Enterprises, Inc. (NASDAQ:WERN - Free Report) by 1.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,466,646 shares of the transportation company's stock after selling 19,339 shares during the period. Geode Capital Management LLC owned about 2.37% of Werner Enterprises worth $56,608,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Barclays PLC boosted its stake in shares of Werner Enterprises by 12.8% in the 3rd quarter. Barclays PLC now owns 435,447 shares of the transportation company's stock valued at $16,804,000 after purchasing an additional 49,568 shares in the last quarter. iSAM Funds UK Ltd acquired a new position in Werner Enterprises in the third quarter valued at about $722,000. Weiss Asset Management LP bought a new stake in Werner Enterprises during the third quarter worth about $1,408,000. Jacobs Levy Equity Management Inc. grew its stake in Werner Enterprises by 11.9% during the third quarter. Jacobs Levy Equity Management Inc. now owns 30,819 shares of the transportation company's stock worth $1,189,000 after buying an additional 3,282 shares during the last quarter. Finally, Holocene Advisors LP increased its holdings 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 in the last quarter. Institutional investors own 89.32% of the company's stock.

Analyst Upgrades and Downgrades

WERN has been the topic of several recent analyst reports. Morgan Stanley reduced 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. Stifel Nicolaus lowered their target price on Werner Enterprises from $33.00 to $32.00 and set a "hold" rating for the company in a research note on Monday, November 4th. JPMorgan Chase & Co. reduced their price target on shares of Werner Enterprises from $37.00 to $34.00 and set an "underweight" rating on the stock in a research report on Wednesday, October 30th. Evercore ISI lowered 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 report on Wednesday, October 30th. Finally, Susquehanna decreased their price target on shares of Werner Enterprises from $30.00 to $28.00 and set a "negative" rating on the stock in a research note on Friday, November 1st. Seven equities 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 company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $36.57.

Werner Enterprises Trading Up 0.1 %

NASDAQ WERN traded up $0.02 during trading on Monday, reaching $35.82. 689,309 shares of the stock traded hands, compared to its average volume of 737,336. Werner Enterprises, Inc. has a fifty-two week low of $33.12 and a fifty-two week high of $43.14. 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 firm has a market cap of $2.21 billion, a price-to-earnings ratio of 49.07, a price-to-earnings-growth ratio of 33.43 and a beta of 0.82. The stock's 50-day moving average price is $38.91 and its 200 day moving average price is $37.53.

Werner Enterprises (NASDAQ:WERN - Get Free Report) last released 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 firm had revenue of $745.70 million during the quarter, compared to the consensus estimate of $765.24 million. Werner Enterprises had a net margin of 1.48% and a return on equity of 3.58%. Werner Enterprises's quarterly revenue was down 8.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.42 EPS. Analysts predict that Werner Enterprises, Inc. will post 0.68 EPS for the current year.

Werner Enterprises Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd will be issued 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 1.56%. Werner Enterprises's dividend payout ratio (DPR) is currently 76.71%.

Werner Enterprises 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.