Louisiana State Employees Retirement System bought a new stake in shares of Werner Enterprises, Inc. (NASDAQ:WERN – Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 26,600 shares of the transportation company’s stock, valued at approximately $782,000.
A number of other large investors have also recently made changes to their positions in the stock. PNC Financial Services Group Inc. lifted its position in Werner Enterprises by 41.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,324 shares of the transportation company’s stock valued at $70,000 after purchasing an additional 679 shares during the period. GAMMA Investing LLC grew its position in Werner Enterprises by 49.0% in the 4th quarter. GAMMA Investing LLC now owns 2,429 shares of the transportation company’s stock worth $73,000 after purchasing an additional 799 shares during the period. Covestor Ltd raised its stake in Werner Enterprises by 28.3% during the 4th quarter. Covestor Ltd now owns 3,261 shares of the transportation company’s stock valued at $98,000 after buying an additional 719 shares during the last quarter. KBC Group NV lifted its holdings in shares of Werner Enterprises by 86.9% during the 4th quarter. KBC Group NV now owns 3,614 shares of the transportation company’s stock valued at $108,000 after buying an additional 1,680 shares during the period. Finally, Pictet Asset Management Holding SA bought a new position in shares of Werner Enterprises during the 4th quarter valued at $217,000. 89.32% of the stock is currently owned by institutional investors.
Werner Enterprises Price Performance
Shares of NASDAQ:WERN traded down $0.12 during mid-day trading on Tuesday, reaching $42.88. The stock had a trading volume of 25,175 shares, compared to its average volume of 1,135,216. The company has a market cap of $2.57 billion, a P/E ratio of -285.83, a price-to-earnings-growth ratio of 0.91 and a beta of 1.26. The business’s 50 day moving average price is $40.13 and its 200 day moving average price is $34.91. The company has a current ratio of 1.46, a quick ratio of 1.43 and a debt-to-equity ratio of 0.66. Werner Enterprises, Inc. has a 1 year low of $23.06 and a 1 year high of $45.27.
Werner Enterprises Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Monday, July 6th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Monday, July 6th. This represents a $0.56 dividend on an annualized basis and a yield of 1.3%. Werner Enterprises’s payout ratio is -373.33%.
Analysts Set New Price Targets
A number of analysts recently commented on WERN shares. Wall Street Zen upgraded Werner Enterprises from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. UBS Group boosted their price target on Werner Enterprises from $33.00 to $37.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. Evercore raised shares of Werner Enterprises from an “underperform” rating to an “in-line” rating in a report on Wednesday, July 1st. Wells Fargo & Company upped their target price on shares of Werner Enterprises from $39.00 to $46.00 and gave the company an “equal weight” rating in a report on Friday, June 5th. Finally, Morgan Stanley upped their price objective on Werner Enterprises from $47.00 to $55.00 and gave the stock an “overweight” rating in a research note on Monday. Two equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $39.15.
View Our Latest Stock Analysis on WERN
Werner Enterprises Company Profile
Werner Enterprises, Inc, founded in 1956 by Clarence L. “Chris” Werner, is a leading transportation and logistics provider based in Omaha, Nebraska. The company began as a one‐truck operation and has since grown into one of North America’s largest carriers, offering an array of services to support diverse supply chains.
Werner’s core business activities include full truckload dry van services, dedicated contract carriage, intermodal transport and brokerage solutions. The company also provides value-added services such as warehousing, freight management and fleet maintenance through its network of terminals and service centers.
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