Canvas Wealth Advisors LLC Sells 2,004 Shares of Werner Enterprises, Inc. (NASDAQ:WERN)

Canvas Wealth Advisors LLC lessened its position in Werner Enterprises, Inc. (NASDAQ:WERN) by 6.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 29,587 shares of the transportation company’s stock after selling 2,004 shares during the quarter. Canvas Wealth Advisors LLC’s holdings in Werner Enterprises were worth $1,063,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC raised its holdings in shares of 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 purchasing an additional 475 shares during the last quarter. Blue Trust Inc. grew its position in Werner Enterprises by 64.7% in the fourth quarter. Blue Trust Inc. now owns 1,308 shares of the transportation company’s stock valued at $50,000 after purchasing an additional 514 shares in the last quarter. Inspire Investing LLC increased its stake in Werner Enterprises by 5.2% in the 4th quarter. Inspire Investing LLC now owns 11,144 shares of the transportation company’s stock valued at $400,000 after buying an additional 551 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Werner Enterprises by 0.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 85,815 shares of the transportation company’s stock valued at $3,312,000 after buying an additional 559 shares during the last quarter. Finally, KBC Group NV lifted its position in Werner Enterprises by 43.1% during the 3rd quarter. KBC Group NV now owns 2,071 shares of the transportation company’s stock worth $80,000 after buying an additional 624 shares in the last quarter. Institutional investors own 89.32% of the company’s stock.

Werner Enterprises Stock Down 0.6 %

Werner Enterprises stock opened at $34.44 on Monday. Werner Enterprises, Inc. has a twelve month low of $33.12 and a twelve month high of $42.48. The stock has a market cap of $2.13 billion, a P/E ratio of 62.62, a P/E/G ratio of 15.58 and a beta of 0.84. The company’s 50-day moving average price is $36.95 and its two-hundred day moving average price is $37.54. The company has a quick ratio of 1.49, a current ratio of 1.53 and a debt-to-equity ratio of 0.48.

Werner Enterprises (NASDAQ:WERN) last announced its earnings results on Thursday, February 6th. The transportation company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.15). Werner Enterprises had a return on equity of 2.26% and a net margin of 1.13%. As a group, analysts expect that Werner Enterprises, Inc. will post 1.31 EPS for the current year.

Werner Enterprises Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date was Thursday, January 2nd. Werner Enterprises’s dividend payout ratio is currently 101.82%.

Analyst Upgrades and Downgrades

WERN has been the topic of a number of recent research reports. TD Cowen lifted their target price on Werner Enterprises from $40.00 to $41.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Susquehanna raised Werner Enterprises from a “negative” rating to a “neutral” rating and set a $38.00 price target on the stock in a research report on Friday, January 3rd. JPMorgan Chase & Co. dropped their price objective on Werner Enterprises from $37.00 to $34.00 and set an “underweight” rating on the stock in a research note on Wednesday, October 30th. Barclays decreased their target price on shares of Werner Enterprises from $40.00 to $38.00 and set an “equal weight” rating for the company in a research note on Friday. Finally, Stifel Nicolaus upped their price target on shares of Werner Enterprises from $30.00 to $35.00 and gave the stock a “hold” rating in a research report on Thursday, January 23rd. Six research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $37.29.

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.