Pinnacle Associates Ltd. trimmed its stake in shares of Werner Enterprises, Inc. (NASDAQ:WERN - Free Report) by 6.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 355,199 shares of the transportation company's stock after selling 24,975 shares during the period. Pinnacle Associates Ltd. owned about 0.57% of Werner Enterprises worth $10,407,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Principal Financial Group Inc. increased its position in Werner Enterprises by 2.7% in the 1st quarter. Principal Financial Group Inc. now owns 308,067 shares of the transportation company's stock worth $9,026,000 after purchasing an additional 8,080 shares during the last quarter. SG Americas Securities LLC boosted its stake in shares of Werner Enterprises by 164.3% during the 1st quarter. SG Americas Securities LLC now owns 11,066 shares of the transportation company's stock worth $324,000 after acquiring an additional 6,879 shares in the last quarter. Assenagon Asset Management S.A. bought a new stake in shares of Werner Enterprises during the 1st quarter worth about $686,000. Vanguard Group Inc. boosted its stake in shares of Werner Enterprises by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 6,730,457 shares of the transportation company's stock worth $241,758,000 after acquiring an additional 32,228 shares in the last quarter. Finally, Deutsche Bank AG boosted its stake in shares of Werner Enterprises by 34.5% during the 4th quarter. Deutsche Bank AG now owns 53,640 shares of the transportation company's stock worth $1,927,000 after acquiring an additional 13,758 shares in the last quarter. 89.32% of the stock is owned by institutional investors and hedge funds.
Werner Enterprises Price Performance
Shares of WERN traded up $0.43 during mid-day trading on Friday, reaching $29.33. The company had a trading volume of 910,144 shares, compared to its average volume of 775,876. Werner Enterprises, Inc. has a twelve month low of $23.02 and a twelve month high of $42.48. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.66 and a quick ratio of 1.62. The company's 50-day moving average is $27.69 and its 200-day moving average is $30.04. The company has a market capitalization of $1.81 billion, a P/E ratio of 101.14, a P/E/G ratio of 1.71 and a beta of 1.07.
Werner Enterprises (NASDAQ:WERN - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The transportation company reported ($0.12) earnings per share for the quarter, missing analysts' consensus estimates of $0.12 by ($0.24). The business had revenue of $712.11 million for the quarter, compared to analyst estimates of $738.41 million. Werner Enterprises had a net margin of 0.60% and a return on equity of 1.20%. The company's revenue for the quarter was down 7.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.14 earnings per share. On average, equities analysts anticipate that Werner Enterprises, Inc. will post 1.27 EPS for the current year.
Werner Enterprises Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, July 23rd. Stockholders of record on Monday, July 7th were given a $0.14 dividend. The ex-dividend date of this dividend was Monday, July 7th. This represents a $0.56 annualized dividend and a dividend yield of 1.91%. Werner Enterprises's dividend payout ratio is currently 193.10%.
Analyst Upgrades and Downgrades
Several research firms have recently issued reports on WERN. The Goldman Sachs Group upgraded Werner Enterprises from a "sell" rating to a "buy" rating and upped their price target for the stock from $25.00 to $39.00 in a research note on Monday, June 2nd. Wall Street Zen downgraded Werner Enterprises from a "hold" rating to a "sell" rating in a research note on Thursday, May 8th. Susquehanna upped their price target on Werner Enterprises from $23.00 to $25.00 and gave the stock a "neutral" rating in a research note on Tuesday, June 24th. Barclays decreased their target price on Werner Enterprises from $32.00 to $28.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 30th. Finally, Baird R W upgraded Werner Enterprises to a "strong sell" rating in a research note on Tuesday, July 1st. Seven analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $30.40.
Check Out Our Latest Stock Analysis on WERN
About Werner Enterprises
(
Free Report)
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.
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