13,797 Shares in Werner Enterprises, Inc. (NASDAQ:WERN) Bought by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale acquired a new stake in Werner Enterprises, Inc. (NASDAQ:WERN - Free Report) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 13,797 shares of the transportation company's stock, valued at approximately $530,000.

Several other large investors have also recently made changes to their positions in WERN. Arizona State Retirement System raised its stake in shares of Werner Enterprises by 2.0% in the second quarter. Arizona State Retirement System now owns 16,879 shares of the transportation company's stock valued at $605,000 after buying an additional 328 shares during the period. SummerHaven Investment Management LLC raised its stake in Werner Enterprises by 2.5% in the 2nd quarter. SummerHaven Investment Management LLC now owns 17,221 shares of the transportation company's stock valued at $617,000 after acquiring an additional 414 shares during the period. GAMMA Investing LLC lifted its holdings in Werner Enterprises by 145.7% during the third quarter. GAMMA Investing LLC now owns 801 shares of the transportation company's stock valued at $31,000 after purchasing an additional 475 shares during the last quarter. Massmutual Trust Co. FSB ADV boosted its position in Werner Enterprises by 390.1% during the second quarter. Massmutual Trust Co. FSB ADV now owns 740 shares of the transportation company's stock worth $27,000 after purchasing an additional 589 shares during the period. Finally, Inspire Investing LLC increased its stake in shares of Werner Enterprises by 7.2% in the second quarter. Inspire Investing LLC now owns 9,820 shares of the transportation company's stock worth $352,000 after purchasing an additional 656 shares in the last quarter. 89.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on WERN. UBS Group cut shares of Werner Enterprises from a "buy" rating to a "neutral" rating and set a $39.00 price target on the stock. in a research note on Tuesday, July 9th. The Goldman Sachs Group cut their price target on Werner Enterprises from $37.00 to $33.00 and set a "sell" rating for the company in a report on Wednesday, October 9th. StockNews.com lowered Werner Enterprises from a "hold" rating to a "sell" rating in a research note on Tuesday, July 16th. Stephens dropped their price objective on Werner Enterprises from $40.00 to $36.00 and set an "equal weight" rating on the stock in a report on Monday, August 5th. Finally, TD Cowen lifted their target price on Werner Enterprises from $40.00 to $41.00 and gave the company a "buy" rating in a report on Wednesday. Seven analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, Werner Enterprises currently has an average rating of "Hold" and an average target price of $36.36.

Werner Enterprises Price Performance

Werner Enterprises stock traded up $0.65 during mid-day trading on Friday, hitting $37.54. 634,081 shares of the company traded hands, compared to its average volume of 763,402. The stock has a fifty day moving average price of $37.10 and a 200-day moving average price of $36.76. The stock has a market cap of $2.32 billion, a price-to-earnings ratio of 51.42, a price-to-earnings-growth ratio of 13.12 and a beta of 0.80. Werner Enterprises, Inc. has a one year low of $33.12 and a one year high of $43.26. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.64 and a current ratio of 1.53.

Werner Enterprises (NASDAQ:WERN - Get Free Report) last announced its earnings results on Tuesday, October 29th. The transportation company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.06). Werner Enterprises had a return on equity of 3.58% and a net margin of 1.48%. The company had revenue of $745.70 million during the quarter, compared to analysts' expectations of $765.24 million. During the same quarter last year, the firm posted $0.42 earnings per share. The firm's revenue was down 8.8% on a year-over-year basis. On average, equities analysts predict that Werner Enterprises, Inc. will post 0.77 earnings per share for the current fiscal year.

Werner Enterprises Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 23rd. Investors of record on Monday, October 7th were issued a dividend of $0.14 per share. The ex-dividend date was Monday, October 7th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.49%. Werner Enterprises's dividend payout ratio is 76.71%.

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.