JPMorgan Chase & Co. Purchases 124,574 Shares of Werner Enterprises, Inc. (NASDAQ:WERN)

JPMorgan Chase & Co. increased its position in Werner Enterprises, Inc. (NASDAQ:WERN - Free Report) by 145.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 210,389 shares of the transportation company's stock after purchasing an additional 124,574 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.34% of Werner Enterprises worth $7,557,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in WERN. American Century Companies Inc. increased its stake in shares of Werner Enterprises by 13.4% during the fourth quarter. American Century Companies Inc. now owns 1,987,187 shares of the transportation company's stock valued at $71,380,000 after purchasing an additional 234,811 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Werner Enterprises by 9.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,660,846 shares of the transportation company's stock worth $59,010,000 after buying an additional 143,953 shares during the last quarter. Raymond James Financial Inc. bought a new position in Werner Enterprises during the 4th quarter valued at approximately $2,791,000. Connor Clark & Lunn Investment Management Ltd. raised its stake in Werner Enterprises by 672.8% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 75,632 shares of the transportation company's stock valued at $2,717,000 after buying an additional 65,845 shares during the last quarter. Finally, Barclays PLC boosted its holdings in Werner Enterprises by 12.8% in the third quarter. Barclays PLC now owns 435,447 shares of the transportation company's stock worth $16,804,000 after acquiring an additional 49,568 shares in the last quarter. 89.32% of the stock is currently owned by institutional investors.

Werner Enterprises Stock Performance

Shares of WERN traded up $0.40 on Tuesday, reaching $28.50. The company's stock had a trading volume of 692,951 shares, compared to its average volume of 799,218. The stock's 50 day simple moving average is $30.30 and its two-hundred day simple moving average is $35.04. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.52 and a quick ratio of 1.48. The stock has a market capitalization of $1.76 billion, a P/E ratio of 51.82 and a beta of 1.06. Werner Enterprises, Inc. has a 12-month low of $26.50 and a 12-month high of $42.48.

Werner Enterprises (NASDAQ:WERN - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.15). Werner Enterprises had a return on equity of 2.27% and a net margin of 1.13%. Research analysts forecast that Werner Enterprises, Inc. will post 1.27 earnings per share for the current fiscal year.

Werner Enterprises Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Monday, April 14th will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date is Monday, April 14th. Werner Enterprises's payout ratio is 101.82%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on WERN. Stifel Nicolaus lowered their price target on Werner Enterprises from $35.00 to $29.00 and set a "hold" rating for the company in a research report on Monday, April 14th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Werner Enterprises in a report on Friday, March 7th. They set a "hold" rating and a $33.00 price target on the stock. Barclays decreased their price objective on shares of Werner Enterprises from $38.00 to $32.00 and set an "equal weight" rating for the company in a report on Wednesday, April 2nd. The Goldman Sachs Group cut their target price on Werner Enterprises from $36.00 to $28.00 and set a "sell" rating on the stock in a research note on Thursday, April 10th. Finally, Citigroup raised Werner Enterprises from a "sell" rating to a "neutral" rating and lowered their price target for the company from $32.00 to $29.00 in a report on Tuesday, April 8th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Werner Enterprises has a consensus rating of "Hold" and a consensus price target of $34.07.

Werner Enterprises Company Profile

Werner Enterprises, Inc, together with its subsidiaries, engages in transporting truckload shipments of general commodities in interstate and intrastate commerce in the United States, Mexico, and internationally. The company operates through two segments, Truckload Transportation Services and Werner Logistics.