Raymond James & Associates Boosts Stake in Werner Enterprises, Inc. (NASDAQ:WERN)

Raymond James & Associates increased its position in Werner Enterprises, Inc. (NASDAQ:WERN - Free Report) by 35.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 169,187 shares of the transportation company's stock after buying an additional 44,159 shares during the period. Raymond James & Associates owned about 0.27% of Werner Enterprises worth $7,168,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Werner Enterprises by 0.8% during the third quarter. Vanguard Group Inc. now owns 5,854,948 shares of the transportation company's stock valued at $228,050,000 after buying an additional 48,380 shares during the last quarter. Macquarie Group Ltd. grew its stake in Werner Enterprises by 1.2% during the first quarter. Macquarie Group Ltd. now owns 4,518,370 shares of the transportation company's stock valued at $205,541,000 after acquiring an additional 54,392 shares in the last quarter. Victory Capital Management Inc. grew its stake in Werner Enterprises by 1.6% during the third quarter. Victory Capital Management Inc. now owns 3,691,557 shares of the transportation company's stock valued at $143,786,000 after acquiring an additional 59,906 shares in the last quarter. State Street Corp increased its holdings in Werner Enterprises by 3.4% in the 1st quarter. State Street Corp now owns 2,409,733 shares of the transportation company's stock valued at $98,799,000 after acquiring an additional 79,912 shares during the last quarter. Finally, Nuance Investments LLC lifted its stake in Werner Enterprises by 106.4% in the 3rd quarter. Nuance Investments LLC now owns 1,455,785 shares of the transportation company's stock worth $56,703,000 after purchasing an additional 750,562 shares in the last quarter. Hedge funds and other institutional investors own 89.32% of the company's stock.

Werner Enterprises Trading Down 0.1 %

WERN traded down $0.04 during trading on Monday, reaching $38.09. The company had a trading volume of 395,543 shares, compared to its average volume of 607,204. The company has a quick ratio of 1.87, a current ratio of 1.92 and a debt-to-equity ratio of 0.42. The business has a 50 day simple moving average of $39.39 and a 200-day simple moving average of $39.49. The stock has a market cap of $2.42 billion, a P/E ratio of 21.66, a PEG ratio of 1.07 and a beta of 0.78. Werner Enterprises, Inc. has a 52 week low of $35.02 and a 52 week high of $47.27.

Werner Enterprises (NASDAQ:WERN - Get Free Report) last released its earnings results on Monday, February 5th. The transportation company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.05). The firm had revenue of $821.90 million during the quarter, compared to the consensus estimate of $820.90 million. Werner Enterprises had a return on equity of 8.17% and a net margin of 3.42%. Werner Enterprises's revenue was down 4.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.99 EPS. On average, equities analysts anticipate that Werner Enterprises, Inc. will post 2.09 EPS for the current fiscal year.

Werner Enterprises Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Monday, April 15th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Friday, April 12th. This represents a $0.56 annualized dividend and a dividend yield of 1.47%. Werner Enterprises's dividend payout ratio (DPR) is presently 31.82%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Barclays lowered Werner Enterprises from an "overweight" rating to an "equal weight" rating and cut their price objective for the company from $45.00 to $40.00 in a research report on Monday, April 1st. Morgan Stanley reduced their price objective on Werner Enterprises from $60.00 to $59.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 7th. TD Cowen increased their target price on Werner Enterprises from $40.00 to $43.00 and gave the company an "outperform" rating in a research report on Wednesday, February 7th. Susquehanna reduced their price target on shares of Werner Enterprises from $40.00 to $35.00 and set a "neutral" rating on the stock in a research report on Monday, March 25th. Finally, Stifel Nicolaus downgraded shares of Werner Enterprises from a "buy" rating to a "hold" rating and decreased their price target for the company from $45.00 to $42.00 in a research note on Thursday, February 8th. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Werner Enterprises currently has a consensus rating of "Hold" and a consensus target price of $44.50.

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.