Ontario Teachers Pension Plan Board lessened its holdings in Werner Enterprises, Inc. (NASDAQ:WERN - Free Report) by 38.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 28,069 shares of the transportation company's stock after selling 17,816 shares during the period. Ontario Teachers Pension Plan Board's holdings in Werner Enterprises were worth $1,008,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also made changes to their positions in the company. Headlands Technologies LLC acquired a new position in Werner Enterprises in the 4th quarter valued at about $39,000. Blue Trust Inc. boosted its position in Werner Enterprises by 64.7% in the 4th quarter. Blue Trust Inc. now owns 1,308 shares of the transportation company's stock valued at $50,000 after buying an additional 514 shares during the period. Sterling Capital Management LLC increased its position in shares of Werner Enterprises by 796.3% during the fourth quarter. Sterling Capital Management LLC now owns 1,703 shares of the transportation company's stock worth $61,000 after acquiring an additional 1,513 shares during the period. Quadrant Capital Group LLC raised its stake in shares of Werner Enterprises by 35.7% in the fourth quarter. Quadrant Capital Group LLC now owns 2,431 shares of the transportation company's stock valued at $87,000 after acquiring an additional 639 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in Werner Enterprises during the 3rd quarter worth $96,000. 89.32% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of brokerages have recently commented on WERN. Susquehanna lowered their price objective on Werner Enterprises from $39.00 to $32.00 and set a "neutral" rating for the company in a research report on Wednesday, March 26th. Barclays dropped their price target on shares of Werner Enterprises from $38.00 to $32.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 2nd. StockNews.com downgraded shares of Werner Enterprises from a "hold" rating to a "sell" rating in a research report on Thursday, April 3rd. Stifel Nicolaus dropped their price objective on Werner Enterprises from $35.00 to $29.00 and set a "hold" rating on the stock in a report on Monday, April 14th. Finally, The Goldman Sachs Group decreased their target price on Werner Enterprises from $36.00 to $28.00 and set a "sell" rating for the company in a research report on Thursday, April 10th. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $34.71.
Get Our Latest Stock Analysis on Werner Enterprises
Werner Enterprises Price Performance
Werner Enterprises stock traded up $0.35 during mid-day trading on Tuesday, reaching $28.45. The company had a trading volume of 86,489 shares, compared to its average volume of 795,696. The company has a market capitalization of $1.76 billion, a P/E ratio of 51.78 and a beta of 1.06. 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's 50-day simple moving average is $30.42 and its 200-day simple moving average is $35.09. Werner Enterprises, Inc. has a 1 year low of $26.50 and a 1 year high of $42.48.
Werner Enterprises (NASDAQ:WERN - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.08 EPS for the quarter, missing analysts' consensus estimates of $0.23 by ($0.15). Werner Enterprises had a return on equity of 2.27% and a net margin of 1.13%. On average, equities analysts predict that Werner Enterprises, Inc. will post 1.27 EPS for the current year.
Werner Enterprises Announces Dividend
The firm also recently announced 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. This represents a $0.56 annualized dividend and a dividend yield of 1.97%. The ex-dividend date is Monday, April 14th. Werner Enterprises's dividend payout ratio (DPR) is currently 101.82%.
Werner Enterprises Profile
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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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