Werner Enterprises, Inc. (NASDAQ:WERN) Shares Sold by US Bancorp DE

US Bancorp DE lowered its holdings in Werner Enterprises, Inc. (NASDAQ:WERN) by 59.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 1,960 shares of the transportation company’s stock after selling 2,816 shares during the period. US Bancorp DE’s holdings in Werner Enterprises were worth $70,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of WERN. CIBC Asset Management Inc raised its holdings in Werner Enterprises by 4.6% in the 4th quarter. CIBC Asset Management Inc now owns 6,168 shares of the transportation company’s stock valued at $222,000 after buying an additional 274 shares during the period. State of New Jersey Common Pension Fund D raised its stake in shares of Werner Enterprises by 0.7% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 53,495 shares of the transportation company’s stock valued at $1,922,000 after acquiring an additional 359 shares during the period. Blue Trust Inc. raised its stake in shares of Werner Enterprises by 64.7% in the 4th quarter. Blue Trust Inc. now owns 1,308 shares of the transportation company’s stock valued at $50,000 after acquiring an additional 514 shares during the period. Inspire Investing LLC lifted its holdings in shares of Werner Enterprises by 5.2% in the 4th quarter. Inspire Investing LLC now owns 11,144 shares of the transportation company’s stock worth $400,000 after acquiring an additional 551 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in Werner Enterprises by 0.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 85,815 shares of the transportation company’s stock valued at $3,312,000 after purchasing an additional 559 shares during the last quarter. Institutional investors and hedge funds own 89.32% of the company’s stock.

Werner Enterprises Stock Performance

Shares of WERN stock opened at $30.22 on Tuesday. Werner Enterprises, Inc. has a 12 month low of $29.26 and a 12 month high of $42.48. The company has a current ratio of 1.52, a quick ratio of 1.48 and a debt-to-equity ratio of 0.43. The company has a market cap of $1.87 billion, a P/E ratio of 54.95 and a beta of 0.85. The firm has a fifty day moving average price of $34.33 and a 200 day moving average price of $36.65.

Werner Enterprises (NASDAQ:WERN) last released its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.15). Werner Enterprises had a return on equity of 2.27% and a net margin of 1.13%. Sell-side analysts predict that Werner Enterprises, Inc. will post 1.27 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, May 7th. Shareholders of record on Monday, April 14th will be issued a dividend of $0.14 per share. The ex-dividend date is Monday, April 14th. This represents a $0.56 dividend on an annualized basis and a yield of 1.85%. Werner Enterprises’s payout ratio is currently 101.82%.

Wall Street Analyst Weigh In

WERN has been the topic of a number of research analyst reports. StockNews.com lowered Werner Enterprises from a “hold” rating to a “sell” rating in a research report on Tuesday, March 11th. Stifel Nicolaus raised their target price on Werner Enterprises from $30.00 to $35.00 and gave the company a “hold” rating in a report on Thursday, January 23rd. Barclays dropped their target price on Werner Enterprises from $40.00 to $38.00 and set an “equal weight” rating for the company in a research report on Friday, February 7th. Wells Fargo & Company reduced their price target on shares of Werner Enterprises from $36.00 to $34.00 and set an “underweight” rating on the stock in a research report on Friday, February 7th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Werner Enterprises in a report on Friday, March 7th. They issued a “hold” rating and a $33.00 price objective for the company. Six investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $37.00.

About Werner Enterprises

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.