J. Goldman & Co LP increased its holdings in shares of Werner Enterprises, Inc. (NASDAQ:WERN) by 69.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 367,364 shares of the transportation company’s stock after purchasing an additional 150,650 shares during the period. J. Goldman & Co LP owned 0.51% of Werner Enterprises worth $14,199,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in WERN. Royal Bank of Canada boosted its stake in shares of Werner Enterprises by 190.5% during the second quarter. Royal Bank of Canada now owns 7,430 shares of the transportation company’s stock valued at $218,000 after purchasing an additional 4,872 shares in the last quarter. Crossmark Global Holdings Inc. bought a new position in shares of Werner Enterprises during the third quarter valued at approximately $203,000. Prudential Financial Inc. boosted its stake in shares of Werner Enterprises by 29.4% during the third quarter. Prudential Financial Inc. now owns 39,595 shares of the transportation company’s stock valued at $1,447,000 after purchasing an additional 9,000 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Werner Enterprises by 0.9% during the third quarter. Principal Financial Group Inc. now owns 184,748 shares of the transportation company’s stock valued at $6,753,000 after purchasing an additional 1,717 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in shares of Werner Enterprises by 1,042.8% during the third quarter. Russell Investments Group Ltd. now owns 196,569 shares of the transportation company’s stock valued at $7,184,000 after purchasing an additional 179,369 shares in the last quarter. Hedge funds and other institutional investors own 65.69% of the company’s stock.
Shares of WERN stock opened at $39.15 on Wednesday. Werner Enterprises, Inc. has a one year low of $24.20 and a one year high of $43.95. The company has a current ratio of 1.72, a quick ratio of 1.67 and a debt-to-equity ratio of 0.06. The company has a market cap of $2,840.14, a price-to-earnings ratio of 14.03, a PEG ratio of 1.37 and a beta of 0.98.
Werner Enterprises (NASDAQ:WERN) last posted its quarterly earnings data on Monday, January 29th. The transportation company reported $0.42 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.03. Werner Enterprises had a net margin of 9.59% and a return on equity of 8.64%. The business had revenue of $567.37 million during the quarter, compared to the consensus estimate of $554.58 million. During the same period in the previous year, the firm posted $0.30 earnings per share. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. research analysts predict that Werner Enterprises, Inc. will post 1.98 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 1st. Stockholders of record on Monday, April 16th will be paid a dividend of $0.07 per share. The ex-dividend date is Friday, April 13th. This represents a $0.28 annualized dividend and a dividend yield of 0.72%. Werner Enterprises’s payout ratio is currently 10.04%.
Several equities research analysts have weighed in on WERN shares. Zacks Investment Research restated a “hold” rating and issued a $44.00 target price on shares of Werner Enterprises in a research note on Saturday, January 13th. Deutsche Bank raised their target price on shares of Werner Enterprises from $42.00 to $43.00 and gave the company a “hold” rating in a research note on Friday, February 23rd. Cowen restated an “underperform” rating and issued a $36.00 target price (up from $30.00) on shares of Werner Enterprises in a research note on Tuesday, January 30th. UBS upgraded shares of Werner Enterprises from a “neutral” rating to a “buy” rating and raised their target price for the company from $37.00 to $47.00 in a research note on Friday, January 5th. Finally, Robert W. Baird raised their target price on shares of Werner Enterprises from $41.00 to $43.00 and gave the company a “neutral” rating in a research note on Tuesday, January 30th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $40.07.
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Werner Enterprises Company 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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