Thrivent Financial for Lutherans increased its position in Werner Enterprises, Inc. (NASDAQ:WERN) by 4.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 11,280 shares of the transportation company’s stock after purchasing an additional 470 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Werner Enterprises were worth $333,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. SG Americas Securities LLC raised its stake in Werner Enterprises by 66.7% during the third quarter. SG Americas Securities LLC now owns 13,528 shares of the transportation company’s stock valued at $478,000 after buying an additional 5,415 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Werner Enterprises by 62.6% during the third quarter. Bank of New York Mellon Corp now owns 4,852,515 shares of the transportation company’s stock valued at $171,537,000 after buying an additional 1,868,490 shares during the last quarter. BlackRock Inc. raised its stake in Werner Enterprises by 5.1% during the third quarter. BlackRock Inc. now owns 5,796,864 shares of the transportation company’s stock valued at $204,920,000 after buying an additional 280,522 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in Werner Enterprises by 1,116.0% during the third quarter. Tower Research Capital LLC TRC now owns 3,940 shares of the transportation company’s stock valued at $140,000 after buying an additional 3,616 shares during the last quarter. Finally, Verition Fund Management LLC purchased a new position in Werner Enterprises during the third quarter valued at $1,601,000. Institutional investors own 69.11% of the company’s stock.
Werner Enterprises stock opened at $34.74 on Wednesday. The firm has a market capitalization of $2.40 billion, a price-to-earnings ratio of 14.60, a price-to-earnings-growth ratio of 0.95 and a beta of 1.26. Werner Enterprises, Inc. has a 12 month low of $28.67 and a 12 month high of $42.80. 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 posted its earnings results on Wednesday, February 6th. The transportation company reported $0.75 EPS for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.07. The business had revenue of $646.40 million during the quarter, compared to analyst estimates of $649.70 million. Werner Enterprises had a return on equity of 14.00% and a net margin of 6.84%. The company’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.42 EPS. Equities research analysts forecast that Werner Enterprises, Inc. will post 2.59 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 7th. Investors of record on Monday, April 15th will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.04%. The ex-dividend date of this dividend is Friday, April 12th. Werner Enterprises’s payout ratio is currently 15.13%.
A number of research analysts have issued reports on WERN shares. BidaskClub upgraded Werner Enterprises from a “sell” rating to a “hold” rating in a research note on Friday, March 15th. Zacks Investment Research cut Werner Enterprises from a “buy” rating to a “hold” rating in a research note on Monday, April 1st. ValuEngine raised Werner Enterprises from a “sell” rating to a “hold” rating in a report on Wednesday, March 27th. Finally, Seaport Global Securities reissued a “neutral” rating on shares of Werner Enterprises in a report on Thursday, February 7th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $40.54.
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About Werner Enterprises
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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