Virginia Retirement Systems ET AL acquired a new position in shares of Werner Enterprises, Inc. (NASDAQ:WERN – Get Rating) during the first quarter, HoldingsChannel.com reports. The firm acquired 45,600 shares of the transportation company’s stock, valued at approximately $1,870,000.
A number of other hedge funds have also recently added to or reduced their stakes in WERN. Huntington National Bank purchased a new position in Werner Enterprises in the fourth quarter valued at $57,000. Covestor Ltd purchased a new position in Werner Enterprises in the fourth quarter valued at $59,000. Pinebridge Investments LP purchased a new position in Werner Enterprises in the fourth quarter valued at $91,000. Versor Investments LP purchased a new position in Werner Enterprises in the fourth quarter valued at $238,000. Finally, Crossmark Global Holdings Inc. purchased a new position in Werner Enterprises during the fourth quarter valued at $241,000. 91.33% of the stock is owned by hedge funds and other institutional investors.
WERN opened at $38.88 on Tuesday. Werner Enterprises, Inc. has a twelve month low of $36.29 and a twelve month high of $48.79. The company has a 50-day simple moving average of $39.79 and a 200-day simple moving average of $42.00. The company has a quick ratio of 2.30, a current ratio of 2.34 and a debt-to-equity ratio of 0.31. The stock has a market cap of $2.53 billion, a price-to-earnings ratio of 9.79, a P/E/G ratio of 2.38 and a beta of 0.75.
Werner Enterprises (NASDAQ:WERN – Get Rating) last posted its quarterly earnings data on Tuesday, May 3rd. The transportation company reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.10. Werner Enterprises had a net margin of 9.24% and a return on equity of 19.02%. The business had revenue of $764.60 million during the quarter, compared to analysts’ expectations of $754.14 million. In the same quarter last year, the business reported $0.68 earnings per share. Werner Enterprises’s revenue was up 24.0% compared to the same quarter last year. Sell-side analysts expect that Werner Enterprises, Inc. will post 4.02 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 19th. Shareholders of record on Tuesday, July 5th will be paid a dividend of $0.13 per share. This is an increase from Werner Enterprises’ previous quarterly dividend of $0.12. The ex-dividend date is Friday, July 1st. This represents a $0.52 annual dividend and a yield of 1.34%. Werner Enterprises’ payout ratio is currently 12.09%.
A number of equities analysts have commented on the stock. Wells Fargo & Company upgraded shares of Werner Enterprises from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $38.00 to $46.00 in a research report on Thursday, March 24th. StockNews.com assumed coverage on shares of Werner Enterprises in a research report on Thursday, March 31st. They issued a “buy” rating on the company. Susquehanna Bancshares upgraded shares of Werner Enterprises from a “neutral” rating to a “positive” rating and set a $46.00 target price for the company in a research report on Tuesday, April 26th. Susquehanna raised shares of Werner Enterprises from a “neutral” rating to a “positive” rating and cut their target price for the company from $49.00 to $46.00 in a research report on Tuesday, April 26th. Finally, Bank of America cut shares of Werner Enterprises from a “neutral” rating to an “underperform” rating and set a $38.00 target price for the company. in a research report on Friday, April 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $49.55.
Werner Enterprises Company Profile (Get Rating)
Werner Enterprises, Inc, a transportation and logistics company, is engaged in the transportation of truckload shipments of general merchandise in interstate and intrastate commerce in the United States, Mexico and internationally. It operates through the Truckload Transportation Services and Werner Logistics segments.
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