Cim Investment Management Inc. boosted its holdings in Werner Enterprises, Inc. (NASDAQ:WERN – Get Rating) by 100.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,064 shares of the transportation company’s stock after purchasing an additional 4,532 shares during the period. Cim Investment Management Inc.’s holdings in Werner Enterprises were worth $417,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. boosted its holdings in shares of Werner Enterprises by 20.1% during the 3rd quarter. BlackRock Inc. now owns 11,714,824 shares of the transportation company’s stock worth $518,616,000 after buying an additional 1,963,705 shares during the period. Dimensional Fund Advisors LP grew its holdings in Werner Enterprises by 1.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,618,970 shares of the transportation company’s stock worth $160,218,000 after acquiring an additional 55,287 shares during the last quarter. Victory Capital Management Inc. grew its holdings in Werner Enterprises by 32.8% during the 3rd quarter. Victory Capital Management Inc. now owns 2,371,214 shares of the transportation company’s stock worth $104,973,000 after acquiring an additional 586,098 shares during the last quarter. LSV Asset Management boosted its stake in shares of Werner Enterprises by 76.1% in the 4th quarter. LSV Asset Management now owns 1,752,019 shares of the transportation company’s stock valued at $83,501,000 after purchasing an additional 756,900 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Werner Enterprises by 2.8% in the 3rd quarter. Geode Capital Management LLC now owns 1,350,960 shares of the transportation company’s stock valued at $59,807,000 after purchasing an additional 36,399 shares during the last quarter. 86.17% of the stock is owned by institutional investors and hedge funds.
A number of research analysts recently issued reports on WERN shares. Stephens downgraded shares of Werner Enterprises from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $56.00 to $47.00 in a research report on Friday, April 1st. Bank of America downgraded shares of Werner Enterprises from a “neutral” rating to an “underperform” rating and set a $38.00 target price for the company. in a report on Friday. StockNews.com started coverage on shares of Werner Enterprises in a report on Thursday, March 31st. They issued a “buy” rating for the company. Barclays reduced their price target on shares of Werner Enterprises from $55.00 to $53.00 and set an “overweight” rating for the company in a research report on Friday, January 14th. Finally, Wells Fargo & Company upgraded shares of Werner Enterprises from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $38.00 to $46.00 in a research report on Thursday, March 24th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $49.33.
Werner Enterprises (NASDAQ:WERN – Get Rating) last released its quarterly earnings data on Thursday, February 3rd. The transportation company reported $1.13 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.17. Werner Enterprises had a return on equity of 18.18% and a net margin of 9.47%. The company had revenue of $765.22 million for the quarter, compared to analyst estimates of $725.09 million. During the same quarter in the previous year, the company posted $0.89 earnings per share. On average, research analysts predict that Werner Enterprises, Inc. will post 3.89 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 3rd. Stockholders of record on Monday, April 18th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, April 14th. This represents a $0.48 annualized dividend and a dividend yield of 1.27%. Werner Enterprises’s dividend payout ratio is currently 12.53%.
About Werner Enterprises (Get Rating)
Werner Enterprises, Inc, a transportation and logistics company, engages in transporting truckload shipments of general commodities in interstate and intrastate commerce in the United States, Mexico, and internationally. It operates through Truckload Transportation Services and Werner Logistics segments.
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