Thrivent Financial for Lutherans Sells 38,950 Shares of Werner Enterprises, Inc. (NASDAQ:WERN)

Thrivent Financial for Lutherans cut its holdings in Werner Enterprises, Inc. (NASDAQ:WERN - Free Report) by 10.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 333,237 shares of the transportation company's stock after selling 38,950 shares during the period. Thrivent Financial for Lutherans owned approximately 0.54% of Werner Enterprises worth $11,970,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Blue Trust Inc. grew its position 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 in the last quarter. KBC Group NV increased its stake in Werner Enterprises by 43.1% during the 3rd quarter. KBC Group NV now owns 2,071 shares of the transportation company's stock worth $80,000 after acquiring an additional 624 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in Werner Enterprises in the 3rd quarter valued at $96,000. SG Americas Securities LLC lifted its position in shares of Werner Enterprises by 59.1% during the 4th quarter. SG Americas Securities LLC now owns 4,187 shares of the transportation company's stock valued at $150,000 after acquiring an additional 1,555 shares during the period. Finally, Cim Investment Management Inc. acquired a new stake in shares of Werner Enterprises during the 3rd quarter worth $203,000. 89.32% of the stock is owned by institutional investors.

Werner Enterprises Trading Down 0.1 %

Shares of WERN stock traded down $0.04 on Wednesday, hitting $29.93. The company had a trading volume of 535,590 shares, compared to its average volume of 726,990. The stock's 50-day moving average is $33.67 and its two-hundred day moving average is $36.36. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.48 and a current ratio of 1.52. The firm has a market cap of $1.85 billion, a P/E ratio of 54.42 and a beta of 0.85. Werner Enterprises, Inc. has a twelve month low of $28.77 and a twelve month high of $42.48.

Remove Ads

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 (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 research analysts anticipate that Werner Enterprises, Inc. will post 1.27 earnings per share for the current fiscal year.

Werner Enterprises Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Monday, April 14th will be issued 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 yield of 1.87%. Werner Enterprises's payout ratio is currently 101.82%.

Analyst Ratings Changes

A number of research analysts recently commented on the company. StockNews.com raised Werner Enterprises from a "sell" rating to a "hold" rating in a research note on Wednesday, March 19th. Susquehanna reduced their price target on shares of Werner Enterprises from $39.00 to $32.00 and set a "neutral" rating on the stock in a research report on Wednesday. Stifel Nicolaus lifted their price objective on shares of Werner Enterprises from $30.00 to $35.00 and gave the company a "hold" rating in a research note on Thursday, January 23rd. Barclays cut their target price on Werner Enterprises from $40.00 to $38.00 and set an "equal weight" rating for the company in a research note on Friday, February 7th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Werner Enterprises in a report on Friday, March 7th. They set a "hold" rating and a $33.00 price target for the company. Five equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $36.60.

About Werner Enterprises

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.