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

Canvas Wealth Advisors LLC lowered its position in Werner Enterprises, Inc. (NASDAQ:WERN) by 6.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,587 shares of the transportation company’s stock after selling 2,004 shares during the period. Canvas Wealth Advisors LLC’s holdings in Werner Enterprises were worth $1,063,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC increased its holdings in Werner Enterprises by 145.7% during the 3rd quarter. GAMMA Investing LLC now owns 801 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 475 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Werner Enterprises by 64.7% during the fourth quarter. Blue Trust Inc. now owns 1,308 shares of the transportation company’s stock worth $50,000 after purchasing an additional 514 shares during the last quarter. International Assets Investment Management LLC increased its stake in shares of 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 in the last quarter. KBC Group NV increased its stake in shares of Werner Enterprises by 43.1% in the third quarter. KBC Group NV now owns 2,071 shares of the transportation company’s stock valued at $80,000 after buying an additional 624 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of Werner Enterprises in the third quarter valued at about $96,000. Institutional investors own 89.32% of the company’s stock.

Werner Enterprises Stock Down 0.6 %

Shares of NASDAQ WERN opened at $34.44 on Monday. Werner Enterprises, Inc. has a 52-week low of $33.12 and a 52-week high of $42.48. 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 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 firm has a 50 day moving average price of $36.95 and a 200 day moving average price of $37.54.

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

Werner Enterprises Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd were given 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 of this dividend was Thursday, January 2nd. Werner Enterprises’s dividend payout ratio is currently 101.82%.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Barclays decreased their price objective on shares of Werner Enterprises from $40.00 to $38.00 and set an “equal weight” rating on the stock in a report on Friday. Wells Fargo & Company lowered their price target on shares of Werner Enterprises from $36.00 to $34.00 and set an “underweight” rating for the company in a report on Friday. Susquehanna upgraded shares of Werner Enterprises from a “negative” rating to a “neutral” rating and set a $38.00 price objective for the company in a research report on Friday, January 3rd. JPMorgan Chase & Co. decreased their price objective on Werner Enterprises from $37.00 to $34.00 and set an “underweight” rating on the stock in a research report on Wednesday, October 30th. Finally, Evercore ISI dropped their target price on 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. Six analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $37.29.

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.