Rhumbline Advisers lowered its position in Werner Enterprises (NASDAQ:WERN) by 2.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 94,068 shares of the transportation company’s stock after selling 2,055 shares during the quarter. Rhumbline Advisers owned about 0.13% of Werner Enterprises worth $3,636,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Arizona State Retirement System grew its holdings in Werner Enterprises by 27.0% during the 4th quarter. Arizona State Retirement System now owns 32,281 shares of the transportation company’s stock worth $1,248,000 after acquiring an additional 6,860 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Werner Enterprises by 8.0% during the fourth quarter. The Manufacturers Life Insurance Company now owns 109,204 shares of the transportation company’s stock valued at $4,222,000 after buying an additional 8,134 shares during the last quarter. Wells Fargo & Company MN lifted its position in shares of Werner Enterprises by 8.5% during the fourth quarter. Wells Fargo & Company MN now owns 150,925 shares of the transportation company’s stock valued at $5,834,000 after buying an additional 11,776 shares during the last quarter. New Mexico Educational Retirement Board purchased a new stake in shares of Werner Enterprises during the fourth quarter valued at about $429,000. Finally, Swiss National Bank lifted its position in shares of Werner Enterprises by 2.7% during the fourth quarter. Swiss National Bank now owns 79,100 shares of the transportation company’s stock valued at $3,057,000 after buying an additional 2,100 shares during the last quarter. Hedge funds and other institutional investors own 65.69% of the company’s stock.
Several brokerages recently commented on WERN. Deutsche Bank raised their price target on shares of Werner Enterprises from $42.00 to $43.00 and gave the stock a “hold” rating in a research report on Friday, February 23rd. Stephens reaffirmed a “buy” rating and set a $48.00 price objective on shares of Werner Enterprises in a research note on Wednesday, January 10th. BidaskClub raised shares of Werner Enterprises from a “buy” rating to a “strong-buy” rating in a research note on Thursday, December 21st. Zacks Investment Research raised shares of Werner Enterprises from a “hold” rating to a “buy” rating and set a $44.00 price objective on the stock in a research note on Saturday, January 6th. Finally, Cowen reissued an “underperform” rating and issued a $36.00 price target (up previously from $30.00) on shares of Werner Enterprises in a research note on Tuesday, January 30th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Werner Enterprises has a consensus rating of “Hold” and a consensus target price of $40.53.
Shares of WERN opened at $35.55 on Friday. The stock has a market capitalization of $2,673.50, a P/E ratio of 27.99, a P/E/G ratio of 1.29 and a beta of 0.97. Werner Enterprises has a 12-month low of $24.20 and a 12-month high of $43.95. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.67 and a current ratio of 1.72.
Werner Enterprises (NASDAQ:WERN) last issued its quarterly earnings data on Monday, January 29th. The transportation company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.03. The firm had revenue of $567.37 million for the quarter, compared to analyst estimates of $554.58 million. Werner Enterprises had a net margin of 9.59% and a return on equity of 8.64%. Werner Enterprises’s revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.30 EPS. analysts expect that Werner Enterprises will post 1.98 earnings per share for the current 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 given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date of this dividend is Friday, April 13th. Werner Enterprises’s dividend payout ratio is presently 22.05%.
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Werner Enterprises Profile
Werner Enterprises, Inc, a transportation and logistics company, engages in transporting truckload shipments of general commodities in interstate and intrastate commerce in the United States, Mexico, Canada, China, and Australia. It operates through two segments, Truckload Transportation Services and Werner Logistics.
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