Credit Suisse AG raised its holdings in Werner Enterprises, Inc. (NASDAQ:WERN – Get Rating) by 3.2% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 53,831 shares of the transportation company’s stock after buying an additional 1,674 shares during the quarter. Credit Suisse AG owned 0.09% of Werner Enterprises worth $2,023,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in WERN. Macquarie Group Ltd. grew its holdings in Werner Enterprises by 23.1% in the 2nd quarter. Macquarie Group Ltd. now owns 4,334,690 shares of the transportation company’s stock valued at $167,059,000 after buying an additional 812,355 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of Werner Enterprises by 2,103.2% in the first quarter. Renaissance Technologies LLC now owns 400,163 shares of the transportation company’s stock valued at $16,407,000 after purchasing an additional 382,000 shares in the last quarter. Jane Street Group LLC lifted its position in Werner Enterprises by 120.9% in the first quarter. Jane Street Group LLC now owns 45,529 shares of the transportation company’s stock worth $1,867,000 after purchasing an additional 263,296 shares during the period. Victory Capital Management Inc. boosted its stake in Werner Enterprises by 4.1% during the third quarter. Victory Capital Management Inc. now owns 3,347,055 shares of the transportation company’s stock worth $125,850,000 after buying an additional 131,110 shares in the last quarter. Finally, AQR Capital Management LLC increased its holdings in Werner Enterprises by 15.3% in the 2nd quarter. AQR Capital Management LLC now owns 986,021 shares of the transportation company’s stock valued at $37,272,000 after buying an additional 130,728 shares during the period. Institutional investors and hedge funds own 83.95% of the company’s stock.
Werner Enterprises Stock Up 0.5 %
Shares of NASDAQ:WERN opened at $47.31 on Monday. Werner Enterprises, Inc. has a 12 month low of $35.84 and a 12 month high of $50.31. The company’s 50-day moving average price is $45.24 and its two-hundred day moving average price is $42.20. The company has a quick ratio of 2.42, a current ratio of 2.46 and a debt-to-equity ratio of 0.48. The firm has a market cap of $2.99 billion, a P/E ratio of 12.65, a P/E/G ratio of 3.52 and a beta of 0.84.
Werner Enterprises Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 3rd. Shareholders of record on Monday, April 17th will be given a dividend of $0.13 per share. The ex-dividend date is Friday, April 14th. This represents a $0.52 dividend on an annualized basis and a yield of 1.10%. Werner Enterprises’s payout ratio is presently 13.90%.
Analyst Upgrades and Downgrades
Several equities research analysts have issued reports on WERN shares. Bank of America raised shares of Werner Enterprises from an “underperform” rating to a “buy” rating and set a $50.00 price target on the stock in a report on Tuesday, January 17th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Werner Enterprises from $57.00 to $56.00 and set a “buy” rating on the stock in a report on Thursday, February 9th. Stephens reissued an “equal weight” rating and issued a $46.00 price target on shares of Werner Enterprises in a report on Wednesday, February 8th. Robert W. Baird boosted their price target on shares of Werner Enterprises from $49.00 to $54.00 and gave the company an “outperform” rating in a report on Wednesday, February 8th. Finally, Citigroup boosted their price target on shares of Werner Enterprises from $42.00 to $48.00 and gave the company a “neutral” rating in a report on Wednesday, January 11th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $49.06.
About Werner Enterprises
Werner Enterprises, Inc engages in the provision of logistics services. It operates through the Truckload Transportation Services and Werner Logistics segments. The Truckload Transportation Services segment consists of one-way truckload and specialized services units such as the medium-to-long haul van fleet which provides a consumer non durable products and commodities in truckload quantities.
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