Wilmington Savings Fund Society FSB Purchases New Position in Werner Enterprises, Inc. (NASDAQ:WERN)

Wilmington Savings Fund Society FSB acquired a new position in shares of Werner Enterprises, Inc. (NASDAQ:WERN) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,500 shares of the transportation company’s stock, valued at approximately $96,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Canada Pension Plan Investment Board acquired a new stake in shares of Werner Enterprises during the 2nd quarter worth about $29,000. GAMMA Investing LLC grew its stake in Werner Enterprises by 145.7% during the third quarter. GAMMA Investing LLC now owns 801 shares of the transportation company’s stock worth $31,000 after buying an additional 475 shares during the last quarter. Quest Partners LLC acquired a new stake in shares of Werner Enterprises during the second quarter worth approximately $30,000. Blue Trust Inc. raised its stake in shares of Werner Enterprises by 209.6% in the second quarter. Blue Trust Inc. now owns 1,158 shares of the transportation company’s stock valued at $45,000 after acquiring an additional 784 shares during the last quarter. Finally, Innealta Capital LLC acquired a new position in shares of Werner Enterprises in the 2nd quarter worth approximately $47,000. 89.32% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

WERN has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. dropped their price target on Werner Enterprises from $37.00 to $34.00 and set an “underweight” rating for the company in a report on Wednesday, October 30th. TD Cowen lifted their price target on Werner Enterprises from $40.00 to $41.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Barclays increased their price objective on shares of Werner Enterprises from $36.00 to $40.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 13th. Susquehanna dropped their target price on shares of Werner Enterprises from $30.00 to $28.00 and set a “negative” rating for the company in a research note on Friday, November 1st. Finally, Citigroup assumed coverage on shares of Werner Enterprises in a research report on Wednesday, October 9th. They set a “sell” rating and a $34.00 target price on the stock. Seven research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $36.57.

Werner Enterprises Stock Performance

Shares of Werner Enterprises stock opened at $35.80 on Friday. The firm has a fifty day moving average of $38.92 and a two-hundred day moving average of $37.53. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.49 and a current ratio of 1.53. The stock has a market capitalization of $2.21 billion, a price-to-earnings ratio of 49.04, a PEG ratio of 33.43 and a beta of 0.82. Werner Enterprises, Inc. has a 52 week low of $33.12 and a 52 week high of $43.26.

Werner Enterprises (NASDAQ:WERN) last released its quarterly earnings data on Tuesday, October 29th. The transportation company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.06). Werner Enterprises had a net margin of 1.48% and a return on equity of 3.58%. The company had revenue of $745.70 million during the quarter, compared to the consensus estimate of $765.24 million. During the same quarter in the prior year, the company posted $0.42 EPS. The company’s revenue for the quarter was down 8.8% compared to the same quarter last year. As a group, equities research analysts predict that Werner Enterprises, Inc. will post 0.68 EPS for the current year.

Werner Enterprises Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 1.56%. The ex-dividend date is Thursday, January 2nd. Werner Enterprises’s payout ratio is 76.71%.

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.