Dean Capital Management reduced its stake in Werner Enterprises, Inc. (NASDAQ:WERN – Free Report) by 23.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 41,333 shares of the transportation company’s stock after selling 12,962 shares during the quarter. Dean Capital Management’s holdings in Werner Enterprises were worth $1,216,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. 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 worth $70,000 after acquiring an additional 679 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Werner Enterprises by 49.0% during the fourth 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 increased its stake in shares of Werner Enterprises by 28.3% during the fourth quarter. Covestor Ltd now owns 3,261 shares of the transportation company’s stock worth $98,000 after purchasing an additional 719 shares during the period. KBC Group NV lifted its holdings in Werner Enterprises by 86.9% during the 4th quarter. KBC Group NV now owns 3,614 shares of the transportation company’s stock worth $108,000 after purchasing an additional 1,680 shares during the last quarter. Finally, Pictet Asset Management Holding SA acquired a new stake in Werner Enterprises during the 4th quarter worth approximately $217,000. 89.32% of the stock is owned by institutional investors.
Werner Enterprises Stock Performance
Shares of WERN stock opened at $42.42 on Monday. The stock has a market cap of $2.54 billion, a P/E ratio of -282.80, a price-to-earnings-growth ratio of 0.83 and a beta of 1.26. Werner Enterprises, Inc. has a 1 year low of $23.06 and a 1 year high of $47.49. The company has a current ratio of 1.46, a quick ratio of 1.43 and a debt-to-equity ratio of 0.66. The stock has a 50 day simple moving average of $42.67 and a 200 day simple moving average of $36.30.
Werner Enterprises Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, July 22nd. Investors of record on Monday, July 6th were given a $0.14 dividend. The ex-dividend date was Monday, July 6th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.3%. Werner Enterprises’s dividend payout ratio (DPR) is presently -373.33%.
Wall Street Analyst Weigh In
A number of research analysts have commented on WERN shares. Stephens raised Werner Enterprises to a “strong-buy” rating in a report on Wednesday, July 8th. Stifel Nicolaus lifted their target price on Werner Enterprises from $36.00 to $40.00 and gave the stock a “hold” rating in a report on Monday, July 13th. Bank of America boosted their target price on shares of Werner Enterprises from $31.00 to $36.00 and gave the company an “underperform” rating in a research report on Thursday. Morgan Stanley upped their price target on shares of Werner Enterprises from $47.00 to $55.00 and gave the company an “overweight” rating in a research note on Monday, July 6th. Finally, The Goldman Sachs Group raised their price target on shares of Werner Enterprises from $43.00 to $48.00 and gave the stock a “buy” rating in a research report on Tuesday, June 23rd. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $41.62.
View Our Latest Stock Report 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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