Advisors Asset Management Inc. reduced its stake in shares of Werner Enterprises, Inc. (NASDAQ:WERN) by 43.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,093 shares of the transportation company’s stock after selling 825 shares during the quarter. Advisors Asset Management Inc.’s holdings in Werner Enterprises were worth $52,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in WERN. Norges Bank acquired a new position in Werner Enterprises in the fourth quarter valued at $33,871,000. BlackRock Inc. increased its stake in Werner Enterprises by 8.2% in the first quarter. BlackRock Inc. now owns 8,519,710 shares of the transportation company’s stock valued at $401,874,000 after purchasing an additional 644,085 shares during the period. Assenagon Asset Management S.A. acquired a new position in Werner Enterprises in the first quarter valued at $28,420,000. Schroder Investment Management Group acquired a new position in Werner Enterprises in the fourth quarter valued at $15,000,000. Finally, SummerHaven Investment Management LLC acquired a new position in Werner Enterprises in the fourth quarter valued at $365,000. Hedge funds and other institutional investors own 79.89% of the company’s stock.
NASDAQ WERN opened at $44.83 on Friday. Werner Enterprises, Inc. has a 1-year low of $35.15 and a 1-year high of $49.76. The stock has a market cap of $3.04 billion, a P/E ratio of 16.07, a P/E/G ratio of 1.32 and a beta of 0.82. The company has a 50 day moving average price of $47.37. The company has a quick ratio of 1.69, a current ratio of 1.73 and a debt-to-equity ratio of 0.14.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 20th. Shareholders of record on Tuesday, July 6th will be given a dividend of $0.12 per share. This is an increase from Werner Enterprises’s previous quarterly dividend of $0.10. The ex-dividend date is Friday, July 2nd. This represents a $0.48 annualized dividend and a yield of 1.07%. Werner Enterprises’s dividend payout ratio (DPR) is presently 15.44%.
Several research analysts recently issued reports on the stock. Vertical Research began coverage on shares of Werner Enterprises in a report on Friday, March 26th. They set a “buy” rating for the company. The Goldman Sachs Group downgraded Werner Enterprises from a “neutral” rating to a “sell” rating and set a $45.00 target price for the company. in a research note on Monday. Susquehanna increased their target price on Werner Enterprises from $45.00 to $48.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 13th. UBS Group reissued a “neutral” rating and set a $50.00 target price (up from $47.00) on shares of Werner Enterprises in a research note on Wednesday, March 17th. Finally, Susquehanna Bancshares increased their target price on Werner Enterprises from $45.00 to $48.00 and gave the stock a “neutral” rating in a research note on Monday, April 12th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $48.00.
Werner Enterprises Company Profile
Werner Enterprises, Inc, a transportation and logistics company, engages in transporting truckload shipments of general commodities in interstate and intrastate commerce in the United States, Mexico, and internationally. It operates in two segments, Truckload Transportation Services and Werner Logistics.
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