DekaBank Deutsche Girozentrale Invests $530,000 in Werner Enterprises, Inc. (NASDAQ:WERN)

DekaBank Deutsche Girozentrale purchased a new stake in Werner Enterprises, Inc. (NASDAQ:WERN) during the third quarter, according to its most recent disclosure with the SEC. The firm purchased 13,797 shares of the transportation company’s stock, valued at approximately $530,000.

Several other institutional investors also recently bought and sold shares of the company. Arizona State Retirement System lifted its stake in shares of Werner Enterprises by 2.0% in the second quarter. Arizona State Retirement System now owns 16,879 shares of the transportation company’s stock worth $605,000 after buying an additional 328 shares in the last quarter. SummerHaven Investment Management LLC lifted its stake in Werner Enterprises by 2.5% in the 2nd quarter. SummerHaven Investment Management LLC now owns 17,221 shares of the transportation company’s stock worth $617,000 after purchasing an additional 414 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Werner Enterprises by 145.7% during the 3rd quarter. GAMMA Investing LLC now owns 801 shares of the transportation company’s stock worth $31,000 after purchasing an additional 475 shares during the last quarter. Massmutual Trust Co. FSB ADV grew its position in shares of Werner Enterprises by 390.1% in the second quarter. Massmutual Trust Co. FSB ADV now owns 740 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 589 shares in the last quarter. Finally, Inspire Investing LLC increased its holdings in shares of Werner Enterprises by 7.2% in the second quarter. Inspire Investing LLC now owns 9,820 shares of the transportation company’s stock valued at $352,000 after purchasing an additional 656 shares during the last quarter. 89.32% of the stock is currently owned by institutional investors and hedge funds.

Werner Enterprises Stock Up 1.8 %

Shares of NASDAQ:WERN opened at $37.54 on Friday. The firm has a market capitalization of $2.32 billion, a PE ratio of 51.42, a price-to-earnings-growth ratio of 13.12 and a beta of 0.80. Werner Enterprises, Inc. has a 1 year low of $33.12 and a 1 year high of $43.26. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.53 and a quick ratio of 1.64. The firm’s 50-day moving average is $37.10 and its two-hundred day moving average is $36.76.

Werner Enterprises (NASDAQ:WERN) last released its earnings results on Tuesday, October 29th. The transportation company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.06). The business had revenue of $745.70 million for the quarter, compared to analyst estimates of $765.24 million. Werner Enterprises had a return on equity of 3.58% and a net margin of 1.48%. Werner Enterprises’s quarterly revenue was down 8.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.42 earnings per share. Analysts predict that Werner Enterprises, Inc. will post 0.77 EPS for the current year.

Werner Enterprises Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 23rd. Investors of record on Monday, October 7th were issued a $0.14 dividend. The ex-dividend date of this dividend was Monday, October 7th. This represents a $0.56 dividend on an annualized basis and a yield of 1.49%. Werner Enterprises’s dividend payout ratio (DPR) is presently 76.71%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Morgan Stanley lowered their price objective on Werner Enterprises from $55.00 to $52.00 and set an “overweight” rating on the stock in a research note on Wednesday. JPMorgan Chase & Co. dropped their price objective on shares of Werner Enterprises from $37.00 to $34.00 and set an “underweight” rating for the company in a report on Wednesday. Stephens cut their price objective on shares of Werner Enterprises from $40.00 to $36.00 and set an “equal weight” rating for the company in a research report on Monday, August 5th. Citigroup initiated coverage on shares of Werner Enterprises in a report on Wednesday, October 9th. They issued a “sell” rating and a $34.00 target price on the stock. Finally, UBS Group downgraded shares of Werner Enterprises from a “buy” rating to a “neutral” rating and set a $39.00 price target for the company. in a report on Tuesday, July 9th. Seven investment 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’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $36.36.

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.