Comerica Bank Has $868,000 Position in Werner Enterprises, Inc. (NASDAQ:WERN)

Comerica Bank lessened its stake in Werner Enterprises, Inc. (NASDAQ:WERN) by 2.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 24,156 shares of the transportation company’s stock after selling 540 shares during the period. Comerica Bank’s holdings in Werner Enterprises were worth $868,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in WERN. Wellington Management Group LLP acquired a new position in shares of Werner Enterprises in the 4th quarter valued at $31,634,000. American Century Companies Inc. raised its position in Werner Enterprises by 13.4% in the fourth quarter. American Century Companies Inc. now owns 1,987,187 shares of the transportation company’s stock worth $71,380,000 after purchasing an additional 234,811 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Werner Enterprises by 9.5% during 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 purchasing an additional 143,953 shares during the period. JPMorgan Chase & Co. boosted its holdings in Werner Enterprises by 145.2% during the fourth quarter. JPMorgan Chase & Co. now owns 210,389 shares of the transportation company’s stock valued at $7,557,000 after purchasing an additional 124,574 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Werner Enterprises in the 4th quarter valued at approximately $2,791,000. 89.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on WERN. StockNews.com downgraded Werner Enterprises from a “hold” rating to a “sell” rating in a research report on Thursday, May 8th. Wells Fargo & Company cut their price objective on Werner Enterprises from $27.00 to $24.00 and set an “underweight” rating for the company in a report on Wednesday, April 30th. The Goldman Sachs Group lowered their target price on shares of Werner Enterprises from $28.00 to $25.00 and set a “sell” rating on the stock in a report on Wednesday, April 30th. UBS Group reduced their price target on shares of Werner Enterprises from $30.00 to $27.00 and set a “neutral” rating on the stock in a research report on Monday, May 5th. Finally, Barclays dropped their price objective on shares of Werner Enterprises from $32.00 to $28.00 and set an “equal weight” rating for the company in a report on Wednesday, April 30th. Five research analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Werner Enterprises presently has an average rating of “Hold” and a consensus price target of $29.69.

Werner Enterprises Trading Down 0.5%

WERN stock opened at $28.04 on Wednesday. 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, Inc. has a twelve month low of $23.02 and a twelve month high of $42.48. The company has a market cap of $1.73 billion, a P/E ratio of 50.98 and a beta of 1.09. The business has a fifty day moving average of $28.40 and a 200-day moving average of $33.97.

Werner Enterprises (NASDAQ:WERN) last announced its quarterly earnings data on Tuesday, April 29th. The transportation company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.24). Werner Enterprises had a return on equity of 2.27% and a net margin of 1.13%. The firm had revenue of $712.11 million during the quarter, compared to analyst estimates of $738.41 million. During the same quarter in the previous year, the business earned $0.14 earnings per share. Werner Enterprises’s revenue for the quarter was down 7.4% compared to the same quarter last year. As a group, equities research analysts expect that Werner Enterprises, Inc. will post 1.27 EPS for the current year.

Werner Enterprises Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 7th. Investors of record on Monday, April 14th were paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date of this dividend was Monday, April 14th. Werner Enterprises’s dividend payout ratio (DPR) is 193.10%.

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.