Allianz Asset Management GmbH raised its holdings in Werner Enterprises, Inc. (NASDAQ:WERN) by 819.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 554,694 shares of the transportation company’s stock after purchasing an additional 494,387 shares during the period. Allianz Asset Management GmbH’s holdings in Werner Enterprises were worth $19,609,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Commonwealth Bank of Australia purchased a new stake in shares of Werner Enterprises in the third quarter valued at about $162,000. Atria Investments LLC purchased a new stake in shares of Werner Enterprises in the third quarter valued at about $224,000. First Citizens Bank & Trust Co. purchased a new stake in shares of Werner Enterprises in the third quarter valued at about $249,000. Green Square Capital LLC purchased a new stake in shares of Werner Enterprises in the second quarter valued at about $304,000. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in shares of Werner Enterprises in the third quarter valued at about $399,000. 72.93% of the stock is currently owned by institutional investors.
NASDAQ:WERN opened at $31.05 on Friday. The company has a quick ratio of 1.37, a current ratio of 1.41 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $2.27 billion, a PE ratio of 24.45, a PEG ratio of 0.95 and a beta of 1.08. Werner Enterprises, Inc. has a 1-year low of $30.91 and a 1-year high of $43.95.
Werner Enterprises (NASDAQ:WERN) last posted its quarterly earnings data on Thursday, October 18th. The transportation company reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.06. The business had revenue of $629.70 million during the quarter, compared to analyst estimates of $628.71 million. Werner Enterprises had a net margin of 10.71% and a return on equity of 12.34%. The company’s revenue was up 19.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.31 earnings per share. Research analysts anticipate that Werner Enterprises, Inc. will post 2.32 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Wednesday, January 2nd will be given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date of this dividend is Monday, December 31st. Werner Enterprises’s dividend payout ratio is presently 28.35%.
WERN has been the topic of several recent research reports. Loop Capital initiated coverage on shares of Werner Enterprises in a report on Monday, October 1st. They issued a “buy” rating and a $42.00 price target on the stock. ValuEngine downgraded shares of Werner Enterprises from a “hold” rating to a “sell” rating in a report on Monday, October 8th. BidaskClub raised shares of Werner Enterprises from a “sell” rating to a “hold” rating in a report on Wednesday, October 24th. Stifel Nicolaus set a $44.00 price target on shares of Werner Enterprises and gave the company a “hold” rating in a report on Friday, October 19th. Finally, Morgan Stanley set a $48.00 price objective on shares of Werner Enterprises and gave the company a “buy” rating in a research report on Monday, October 22nd. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $41.40.
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Werner Enterprises Company 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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