Werner Enterprises, Inc. (NASDAQ:WERN) Shares Acquired by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA increased its position in shares of Werner Enterprises, Inc. (NASDAQ:WERN) by 28.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,131 shares of the transportation company’s stock after purchasing an additional 2,015 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Werner Enterprises were worth $328,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Werner Enterprises by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 6,730,457 shares of the transportation company’s stock worth $241,758,000 after buying an additional 32,228 shares during the last quarter. American Century Companies Inc. raised its stake in Werner Enterprises by 13.4% during the fourth quarter. American Century Companies Inc. now owns 1,987,187 shares of the transportation company’s stock worth $71,380,000 after acquiring an additional 234,811 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in Werner Enterprises by 9.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,660,846 shares of the transportation company’s stock worth $59,010,000 after acquiring an additional 143,953 shares during the last quarter. William Blair Investment Management LLC boosted its stake in Werner Enterprises by 2.2% in the fourth quarter. William Blair Investment Management LLC now owns 735,695 shares of the transportation company’s stock valued at $26,426,000 after acquiring an additional 15,800 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Werner Enterprises by 3.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 704,171 shares of the transportation company’s stock valued at $25,294,000 after purchasing an additional 23,498 shares during the last quarter. Institutional investors and hedge funds own 89.32% of the company’s stock.

Werner Enterprises Trading Down 0.9 %

Shares of WERN stock opened at $28.52 on Friday. The stock has a 50-day simple moving average of $31.35 and a 200 day simple moving average of $35.55. The stock has a market capitalization of $1.76 billion, a P/E ratio of 51.85 and a beta of 1.06. Werner Enterprises, Inc. has a fifty-two week low of $26.50 and a fifty-two week high of $42.48. The company has a quick ratio of 1.48, a current ratio of 1.52 and a debt-to-equity ratio of 0.43.

Werner Enterprises (NASDAQ:WERN) last announced 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%. On average, sell-side analysts expect that Werner Enterprises, Inc. will post 1.27 earnings per share for the current fiscal year.

Werner Enterprises Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Monday, April 14th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Monday, April 14th. This represents a $0.56 annualized dividend and a dividend yield of 1.96%. Werner Enterprises’s dividend payout ratio is currently 101.82%.

Analysts Set New Price Targets

Several analysts recently issued reports on WERN shares. Susquehanna cut their price target on Werner Enterprises from $39.00 to $32.00 and set a “neutral” rating on the stock in a report on Wednesday, March 26th. Citigroup raised shares of Werner Enterprises from a “sell” rating to a “neutral” rating and reduced their price target for the company from $32.00 to $29.00 in a report on Tuesday. Wells Fargo & Company cut their price objective on shares of Werner Enterprises from $34.00 to $27.00 and set an “underweight” rating on the stock in a research report on Thursday, March 27th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Werner Enterprises in a research note on Friday, March 7th. They set a “hold” rating and a $33.00 target price for the company. Finally, Stifel Nicolaus raised their price target on shares of Werner Enterprises from $30.00 to $35.00 and gave the company a “hold” rating in a research note on Thursday, January 23rd. Five equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $35.07.

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.