New York State Common Retirement Fund boosted its holdings in Werner Enterprises, Inc. (NASDAQ:WERN - Free Report) by 3.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 252,711 shares of the transportation company's stock after acquiring an additional 9,219 shares during the period. New York State Common Retirement Fund owned 0.41% of Werner Enterprises worth $9,077,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently added to or reduced their stakes in WERN. CIBC Asset Management Inc boosted its stake in shares of Werner Enterprises by 4.6% during the 4th quarter. CIBC Asset Management Inc now owns 6,168 shares of the transportation company's stock worth $222,000 after purchasing an additional 274 shares during the last quarter. State of New Jersey Common Pension Fund D boosted its stake in shares of Werner Enterprises by 0.7% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 53,495 shares of the transportation company's stock worth $1,922,000 after purchasing an additional 359 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of Werner Enterprises by 64.7% during the 4th quarter. Blue Trust Inc. now owns 1,308 shares of the transportation company's stock worth $50,000 after purchasing an additional 514 shares during the last quarter. Inspire Investing LLC boosted its stake in shares of Werner Enterprises by 5.2% during the 4th quarter. Inspire Investing LLC now owns 11,144 shares of the transportation company's stock worth $400,000 after purchasing an additional 551 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Werner Enterprises by 0.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 85,815 shares of the transportation company's stock worth $3,312,000 after purchasing an additional 559 shares during the last quarter. 89.32% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several research firms have issued reports on WERN. Wells Fargo & Company decreased their price target on shares of Werner Enterprises from $36.00 to $34.00 and set an "underweight" rating on the stock in a research note on Friday, February 7th. Susquehanna raised shares of Werner Enterprises from a "negative" rating to a "neutral" rating and set a $38.00 price target on the stock in a research note on Friday, January 3rd. StockNews.com raised shares of Werner Enterprises from a "sell" rating to a "hold" rating in a research note on Thursday, February 20th. Stifel Nicolaus raised their target price on shares of Werner Enterprises from $30.00 to $35.00 and gave the stock a "hold" rating in a research report on Thursday, January 23rd. Finally, Barclays decreased their target price on shares of Werner Enterprises from $40.00 to $38.00 and set an "equal weight" rating on the stock in a research report on Friday, February 7th. Five investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Werner Enterprises currently has a consensus rating of "Hold" and an average target price of $37.29.
Get Our Latest Stock Analysis on Werner Enterprises
Werner Enterprises Trading Up 1.4 %
NASDAQ WERN traded up $0.44 during mid-day trading on Friday, hitting $32.56. The company's stock had a trading volume of 757,639 shares, compared to its average volume of 706,183. Werner Enterprises, Inc. has a 52-week low of $32.05 and a 52-week high of $42.48. The stock's fifty day simple moving average is $35.45 and its two-hundred day simple moving average is $37.13. 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 firm has a market capitalization of $2.01 billion, a P/E ratio of 59.20 and a beta of 0.84.
Werner Enterprises (NASDAQ:WERN - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.15). Werner Enterprises had a net margin of 1.13% and a return on equity of 2.27%. Research analysts expect that Werner Enterprises, Inc. will post 1.27 EPS for the current year.
Werner Enterprises Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Monday, April 14th will be paid a dividend of $0.14 per share. The ex-dividend date is Monday, April 14th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.72%. Werner Enterprises's dividend payout ratio is currently 101.82%.
Werner Enterprises Profile
(
Free Report)
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.
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