US Bancorp DE cut its position in shares of Werner Enterprises, Inc. (NASDAQ:WERN – Get Rating) by 8.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 29,442 shares of the transportation company’s stock after selling 2,815 shares during the quarter. US Bancorp DE’s holdings in Werner Enterprises were worth $1,107,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. Harbor Investment Advisory LLC lifted its position in Werner Enterprises by 57.5% in the second quarter. Harbor Investment Advisory LLC now owns 1,671 shares of the transportation company’s stock worth $64,000 after purchasing an additional 610 shares during the period. Exchange Traded Concepts LLC increased its stake in shares of Werner Enterprises by 8.1% in the third quarter. Exchange Traded Concepts LLC now owns 14,783 shares of the transportation company’s stock valued at $556,000 after buying an additional 1,107 shares in the last quarter. Versor Investments LP increased its stake in shares of Werner Enterprises by 54.8% in the second quarter. Versor Investments LP now owns 22,821 shares of the transportation company’s stock valued at $880,000 after buying an additional 8,078 shares in the last quarter. Sciencast Management LP acquired a new stake in shares of Werner Enterprises in the second quarter valued at $243,000. Finally, Speece Thorson Capital Group Inc. increased its stake in shares of Werner Enterprises by 36.5% in the second quarter. Speece Thorson Capital Group Inc. now owns 256,778 shares of the transportation company’s stock valued at $9,896,000 after buying an additional 68,630 shares in the last quarter. 83.95% of the stock is owned by hedge funds and other institutional investors.
Werner Enterprises Stock Up 1.8 %
Shares of Werner Enterprises stock opened at $45.03 on Thursday. Werner Enterprises, Inc. has a one year low of $35.84 and a one year high of $47.04. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.41 and a quick ratio of 2.37. The stock’s 50-day moving average is $42.47 and its 200 day moving average is $40.95. The firm has a market cap of $2.85 billion, a price-to-earnings ratio of 11.40, a PEG ratio of 2.58 and a beta of 0.82.
Werner Enterprises Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, January 17th. Shareholders of record on Tuesday, January 3rd were issued a $0.13 dividend. The ex-dividend date of this dividend was Friday, December 30th. This represents a $0.52 annualized dividend and a yield of 1.15%. Werner Enterprises’s payout ratio is currently 13.16%.
Analyst Ratings Changes
A number of analysts recently commented on WERN shares. Citigroup lifted their price objective on Werner Enterprises from $42.00 to $48.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 11th. JPMorgan Chase & Co. reduced their target price on Werner Enterprises from $39.00 to $38.00 and set a “neutral” rating on the stock in a report on Thursday, November 3rd. Credit Suisse Group cut their price objective on Werner Enterprises from $51.00 to $44.00 in a report on Tuesday, October 11th. Wells Fargo & Company lowered their price target on Werner Enterprises from $43.00 to $42.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 12th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Werner Enterprises from $48.00 to $57.00 in a report on Monday, November 28th. Eight analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $48.14.
Werner Enterprises Profile
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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