First Citizens Bank & Trust Co. lifted its position in shares of Werner Enterprises, Inc. (NASDAQ:WERN) by 39.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,837 shares of the transportation company’s stock after buying an additional 2,802 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in Werner Enterprises were worth $336,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Chesley Taft & Associates LLC bought a new position in shares of Werner Enterprises during the 1st quarter worth $266,000. American Century Companies Inc. grew its position in shares of Werner Enterprises by 1.6% during the 4th quarter. American Century Companies Inc. now owns 207,308 shares of the transportation company’s stock worth $6,124,000 after buying an additional 3,326 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Werner Enterprises by 5.3% during the 4th quarter. Geode Capital Management LLC now owns 527,516 shares of the transportation company’s stock worth $15,582,000 after buying an additional 26,459 shares in the last quarter. Norges Bank bought a new position in shares of Werner Enterprises during the 4th quarter worth $14,090,000. Finally, Amalgamated Bank bought a new position in shares of Werner Enterprises during the 4th quarter worth $210,000. 69.11% of the stock is currently owned by institutional investors and hedge funds.
WERN has been the topic of a number of recent research reports. ValuEngine downgraded Werner Enterprises from a “hold” rating to a “sell” rating in a research report on Wednesday, March 20th. Zacks Investment Research cut Werner Enterprises from a “hold” rating to a “sell” rating in a research note on Saturday, January 19th. BidaskClub cut Werner Enterprises from a “hold” rating to a “sell” rating in a research note on Wednesday, March 6th. Finally, Seaport Global Securities restated a “neutral” rating on shares of Werner Enterprises in a research note on Thursday, February 7th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $40.54.
Shares of NASDAQ:WERN opened at $34.74 on Wednesday. Werner Enterprises, Inc. has a 52-week low of $28.67 and a 52-week high of $42.80. The stock has a market capitalization of $2.37 billion, a PE ratio of 14.60, a PEG ratio of 0.96 and a beta of 1.26. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.47 and a quick ratio of 1.44.
Werner Enterprises (NASDAQ:WERN) last announced its quarterly earnings data on Wednesday, February 6th. The transportation company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.07. Werner Enterprises had a return on equity of 14.00% and a net margin of 6.84%. The firm had revenue of $646.40 million during the quarter, compared to analysts’ expectations of $649.70 million. During the same period last year, the business posted $0.42 earnings per share. The company’s revenue for the quarter was up 13.9% compared to the same quarter last year. As a group, equities analysts predict that Werner Enterprises, Inc. will post 2.6 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 7th. Stockholders of record on Monday, April 15th will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.04%. The ex-dividend date is Friday, April 12th. Werner Enterprises’s payout ratio is 15.13%.
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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, and China. It operates in two segments, Truckload Transportation Services and Werner Logistics.
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