Werner Enterprises, Inc. (NASDAQ:WERN) Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. raised its stake in Werner Enterprises, Inc. (NASDAQ:WERN) by 9.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,420,141 shares of the transportation company’s stock after buying an additional 565,193 shares during the quarter. Vanguard Group Inc. owned about 10.12% of Werner Enterprises worth $272,021,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. SummerHaven Investment Management LLC lifted its holdings in shares of Werner Enterprises by 1.6% in the 4th quarter. SummerHaven Investment Management LLC now owns 16,574 shares of the transportation company’s stock worth $702,000 after acquiring an additional 259 shares during the last quarter. WealthPlan Investment Management LLC grew its stake in shares of Werner Enterprises by 2.2% in the fourth quarter. WealthPlan Investment Management LLC now owns 14,295 shares of the transportation company’s stock valued at $606,000 after buying an additional 301 shares in the last quarter. Alliance Wealth Advisors LLC UT raised its holdings in shares of Werner Enterprises by 3.2% in the 4th quarter. Alliance Wealth Advisors LLC UT now owns 9,937 shares of the transportation company’s stock valued at $421,000 after buying an additional 308 shares during the period. QRG Capital Management Inc. lifted its stake in Werner Enterprises by 5.2% during the 4th quarter. QRG Capital Management Inc. now owns 6,576 shares of the transportation company’s stock worth $279,000 after acquiring an additional 328 shares in the last quarter. Finally, Blue Trust Inc. boosted its holdings in Werner Enterprises by 139.9% during the 4th quarter. Blue Trust Inc. now owns 703 shares of the transportation company’s stock valued at $30,000 after acquiring an additional 410 shares during the period. Hedge funds and other institutional investors own 89.32% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on WERN. Robert W. Baird cut their price target on shares of Werner Enterprises from $46.00 to $42.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 1st. TD Cowen decreased their price target on shares of Werner Enterprises from $42.00 to $38.00 and set a “buy” rating for the company in a research report on Wednesday, May 1st. Wells Fargo & Company assumed coverage on Werner Enterprises in a research report on Friday, June 7th. They set an “underweight” rating and a $38.00 price objective on the stock. Barclays decreased their target price on Werner Enterprises from $40.00 to $36.00 and set an “equal weight” rating for the company in a report on Thursday, May 2nd. Finally, Evercore ISI cut their price target on Werner Enterprises from $35.00 to $33.00 and set an “in-line” rating on the stock in a report on Tuesday, June 25th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Werner Enterprises currently has an average rating of “Hold” and a consensus target price of $39.25.

Werner Enterprises Price Performance

WERN stock opened at $35.83 on Monday. The stock has a market cap of $2.27 billion, a price-to-earnings ratio of 27.35, a PEG ratio of 2.95 and a beta of 0.83. Werner Enterprises, Inc. has a fifty-two week low of $33.12 and a fifty-two week high of $47.27. The company has a quick ratio of 1.85, a current ratio of 1.90 and a debt-to-equity ratio of 0.39. The business has a 50 day moving average price of $36.37 and a 200 day moving average price of $38.57.

Werner Enterprises (NASDAQ:WERN) last issued its earnings results on Tuesday, April 30th. The transportation company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.14). Werner Enterprises had a net margin of 2.59% and a return on equity of 6.15%. The company had revenue of $769.08 million during the quarter, compared to analyst estimates of $788.30 million. During the same quarter in the previous year, the company posted $0.60 EPS. The company’s quarterly revenue was down 7.6% on a year-over-year basis. Equities research analysts anticipate that Werner Enterprises, Inc. will post 1.35 earnings per share for the current fiscal year.

Werner Enterprises Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 17th. Shareholders of record on Monday, July 1st will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.56%. The ex-dividend date is Monday, July 1st. Werner Enterprises’s payout ratio is 42.75%.

Werner Enterprises Company 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.