Jane Street Group LLC purchased a new stake in shares of Werner Enterprises, Inc. (NASDAQ:WERN) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 7,665 shares of the transportation company’s stock, valued at approximately $280,000.
Other institutional investors also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its position in Werner Enterprises by 3.7% during the second quarter. Dimensional Fund Advisors LP now owns 5,451,128 shares of the transportation company’s stock valued at $159,992,000 after acquiring an additional 194,294 shares during the last quarter. BlackRock Inc. increased its position in Werner Enterprises by 2.6% during the second quarter. BlackRock Inc. now owns 4,736,977 shares of the transportation company’s stock valued at $139,031,000 after acquiring an additional 119,913 shares during the last quarter. Vanguard Group Inc. increased its position in Werner Enterprises by 0.5% during the second quarter. Vanguard Group Inc. now owns 3,663,764 shares of the transportation company’s stock valued at $107,531,000 after acquiring an additional 19,431 shares during the last quarter. Bank of New York Mellon Corp increased its position in Werner Enterprises by 13.3% during the second quarter. Bank of New York Mellon Corp now owns 3,642,586 shares of the transportation company’s stock valued at $106,910,000 after acquiring an additional 426,376 shares during the last quarter. Finally, Fairpointe Capital LLC increased its position in Werner Enterprises by 1.3% during the second quarter. Fairpointe Capital LLC now owns 3,220,554 shares of the transportation company’s stock valued at $94,523,000 after acquiring an additional 42,343 shares during the last quarter. 64.71% of the stock is currently owned by institutional investors and hedge funds.
Werner Enterprises, Inc. (WERN) traded down $0.20 on Friday, reaching $39.90. The company’s stock had a trading volume of 429,327 shares, compared to its average volume of 573,107. The stock has a market cap of $2,900.71, a P/E ratio of 34.70, a P/E/G ratio of 1.70 and a beta of 0.97. Werner Enterprises, Inc. has a one year low of $24.20 and a one year high of $40.58. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.78 and a quick ratio of 1.73.
Werner Enterprises (NASDAQ:WERN) last announced its earnings results on Thursday, October 19th. The transportation company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.01). The company had revenue of $528.64 million for the quarter, compared to the consensus estimate of $532.48 million. Werner Enterprises had a net margin of 4.04% and a return on equity of 8.18%. The firm’s revenue was up 3.9% compared to the same quarter last year. During the same period last year, the business posted $0.26 EPS. equities analysts anticipate that Werner Enterprises, Inc. will post 1.24 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Tuesday, January 2nd will be given a $0.07 dividend. The ex-dividend date is Friday, December 29th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.70%. Werner Enterprises’s payout ratio is 24.35%.
A number of research firms have recently weighed in on WERN. Wells Fargo & Co upped their price objective on Werner Enterprises from $29.00 to $35.00 and gave the stock a “market perform” rating in a research note on Friday, October 20th. Credit Suisse Group dropped their price objective on Werner Enterprises from $35.00 to $34.00 and set a “neutral” rating for the company in a research note on Friday, October 20th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $36.00 price objective on shares of Werner Enterprises in a research note on Sunday, October 1st. Zacks Investment Research raised Werner Enterprises from a “hold” rating to a “buy” rating and set a $44.00 price target for the company in a research note on Tuesday, December 26th. Finally, UBS Group raised Werner Enterprises from a “neutral” rating to a “buy” rating and increased their price target for the company from $37.00 to $47.00 in a research note on Friday, January 5th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company. Werner Enterprises presently has a consensus rating of “Hold” and an average price target of $36.00.
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Werner Enterprises Profile
Werner Enterprises, Inc is a transportation and logistics company. The Company is engaged in transporting truckload shipments of general commodities in both interstate and intrastate commerce. It operates through two segments: Truckload and Werner Logistics. It provides logistics services through its Werner Logistics division.
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