First Eagle Investment Management LLC Has $12.42 Million Position in Werner Enterprises, Inc. (NASDAQ:WERN)

First Eagle Investment Management LLC grew its position in Werner Enterprises, Inc. (NASDAQ:WERN) by 5.7% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 346,648 shares of the transportation company’s stock after purchasing an additional 18,700 shares during the period. First Eagle Investment Management LLC owned about 0.56% of Werner Enterprises worth $12,420,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its position in Werner Enterprises by 9.7% in the fourth quarter. Vanguard Group Inc. now owns 6,420,141 shares of the transportation company’s stock valued at $272,021,000 after buying an additional 565,193 shares in the last quarter. Nuance Investments LLC grew its stake in shares of Werner Enterprises by 7.4% during the second quarter. Nuance Investments LLC now owns 3,167,616 shares of the transportation company’s stock worth $113,496,000 after purchasing an additional 219,074 shares during the period. American Century Companies Inc. grew its position in shares of Werner Enterprises by 15.5% during the 2nd quarter. American Century Companies Inc. now owns 1,506,663 shares of the transportation company’s stock worth $53,984,000 after buying an additional 201,843 shares during the period. Allspring Global Investments Holdings LLC raised its position in shares of Werner Enterprises by 2.7% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,460,342 shares of the transportation company’s stock valued at $52,324,000 after acquiring an additional 38,544 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in Werner Enterprises by 3.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 595,539 shares of the transportation company’s stock worth $25,233,000 after acquiring an additional 19,439 shares during the last quarter. Institutional investors own 89.32% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on WERN. Wells Fargo & Company initiated coverage on shares of Werner Enterprises in a report on Friday, June 7th. They issued an “underweight” rating and a $38.00 price target for the company. Susquehanna lowered their price target on Werner Enterprises from $27.00 to $26.00 and set a “negative” rating for the company in a report on Wednesday, July 31st. Morgan Stanley dropped their price target on Werner Enterprises from $57.00 to $56.00 and set an “overweight” rating on the stock in a research report on Monday, July 8th. Stifel Nicolaus decreased their price objective on Werner Enterprises from $39.00 to $33.00 and set a “hold” rating for the company in a research report on Thursday, August 1st. Finally, Evercore ISI dropped their target price on shares of Werner Enterprises from $35.00 to $33.00 and set an “in-line” rating on the stock in a report on Tuesday, June 25th. Five investment analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $37.75.

Werner Enterprises Stock Up 0.5 %

Werner Enterprises stock opened at $37.69 on Friday. The company has a current ratio of 1.69, a quick ratio of 1.64 and a debt-to-equity ratio of 0.45. Werner Enterprises, Inc. has a 1-year low of $33.12 and a 1-year high of $43.26. The company has a fifty day simple moving average of $37.17 and a 200 day simple moving average of $36.95. The company has a market cap of $2.33 billion, a P/E ratio of 28.77, a price-to-earnings-growth ratio of 7.58 and a beta of 0.79.

Werner Enterprises (NASDAQ:WERN) last announced its quarterly earnings data on Tuesday, July 30th. The transportation company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.03). Werner Enterprises had a net margin of 1.99% and a return on equity of 4.70%. The company had revenue of $760.80 million during the quarter, compared to the consensus estimate of $769.81 million. During the same quarter in the previous year, the business earned $0.52 EPS. Werner Enterprises’s revenue was down 6.2% on a year-over-year basis. Research analysts anticipate that Werner Enterprises, Inc. will post 0.94 earnings per share for the current fiscal year.

Werner Enterprises Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 23rd. Stockholders of record on Monday, October 7th will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date is Monday, October 7th. Werner Enterprises’s dividend payout ratio is currently 42.75%.

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.