Vestcor Inc Has $2.60 Million Position in Werner Enterprises, Inc. (NASDAQ:WERN)

Vestcor Inc trimmed its position in Werner Enterprises, Inc. (NASDAQ:WERN) by 13.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 72,375 shares of the transportation company’s stock after selling 11,288 shares during the period. Vestcor Inc owned about 0.12% of Werner Enterprises worth $2,600,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Swiss National Bank lifted its position in Werner Enterprises by 3.2% in the 4th quarter. Swiss National Bank now owns 121,500 shares of the transportation company’s stock valued at $4,364,000 after acquiring an additional 3,800 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Werner Enterprises by 672.8% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 75,632 shares of the transportation company’s stock worth $2,717,000 after acquiring an additional 65,845 shares during the last quarter. AlphaQuest LLC raised its position in shares of Werner Enterprises by 68.0% in the fourth quarter. AlphaQuest LLC now owns 25,694 shares of the transportation company’s stock valued at $923,000 after purchasing an additional 10,396 shares during the period. Edgestream Partners L.P. lifted its position in Werner Enterprises by 37.8% during the fourth quarter. Edgestream Partners L.P. now owns 115,842 shares of the transportation company’s stock worth $4,161,000 after acquiring an additional 31,757 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Werner Enterprises in the 4th quarter valued at $2,791,000. Institutional investors own 89.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Susquehanna upgraded Werner Enterprises from a “negative” rating to a “neutral” rating and set a $38.00 price objective for the company in a research report on Friday, January 3rd. Wells Fargo & Company reduced their price objective 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. Stifel Nicolaus raised their target price on Werner Enterprises from $30.00 to $35.00 and gave the company a “hold” rating in a research note on Thursday, January 23rd. Barclays dropped their price objective on shares of Werner Enterprises from $40.00 to $38.00 and set an “equal weight” rating on the stock in a research note on Friday, February 7th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Werner Enterprises in a report on Friday, March 7th. They issued a “hold” rating and a $33.00 target price for the company. Six analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $37.00.

Werner Enterprises Price Performance

Shares of WERN opened at $29.91 on Friday. The company has a quick ratio of 1.48, a current ratio of 1.52 and a debt-to-equity ratio of 0.43. The company has a market cap of $1.85 billion, a price-to-earnings ratio of 54.38 and a beta of 0.85. Werner Enterprises, Inc. has a twelve month low of $29.26 and a twelve month high of $42.48. The company has a 50 day moving average of $34.46 and a two-hundred day moving average of $36.70.

Werner Enterprises (NASDAQ:WERN) last announced its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.08 earnings per share 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%. As a group, analysts predict that Werner Enterprises, Inc. will post 1.27 earnings per share for the current fiscal year.

Werner Enterprises Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Monday, April 14th will be issued a dividend of $0.14 per share. The ex-dividend date of this dividend is Monday, April 14th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.87%. Werner Enterprises’s dividend payout ratio is currently 101.82%.

Werner Enterprises 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.