Russell Investments Group Ltd. Has $2.55 Million Stock Position in Werner Enterprises, Inc. (NASDAQ:WERN)

Russell Investments Group Ltd. lessened its stake in Werner Enterprises, Inc. (NASDAQ:WERN – Get Rating) by 7.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 63,300 shares of the transportation company’s stock after selling 4,925 shares during the quarter. Russell Investments Group Ltd. owned about 0.10% of Werner Enterprises worth $2,548,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Retirement Systems of Alabama boosted its stake in Werner Enterprises by 0.3% during the 4th quarter. Retirement Systems of Alabama now owns 77,471 shares of the transportation company’s stock worth $3,119,000 after acquiring an additional 257 shares during the last quarter. SummerHaven Investment Management LLC boosted its stake in Werner Enterprises by 1.3% during the 4th quarter. SummerHaven Investment Management LLC now owns 19,578 shares of the transportation company’s stock worth $788,000 after acquiring an additional 260 shares during the last quarter. Truist Financial Corp lifted its stake in Werner Enterprises by 1.6% in the third quarter. Truist Financial Corp now owns 17,498 shares of the transportation company’s stock valued at $658,000 after buying an additional 277 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its stake in Werner Enterprises by 4.1% in the third quarter. Mercer Global Advisors Inc. ADV now owns 7,556 shares of the transportation company’s stock valued at $284,000 after buying an additional 296 shares in the last quarter. Finally, Signaturefd LLC lifted its stake in Werner Enterprises by 4.8% in the third quarter. Signaturefd LLC now owns 7,118 shares of the transportation company’s stock valued at $268,000 after buying an additional 326 shares in the last quarter. Institutional investors and hedge funds own 83.95% of the company’s stock.

Werner Enterprises Price Performance

Shares of WERN opened at $44.46 on Friday. The company has a market cap of $2.82 billion, a price-to-earnings ratio of 12.81, a PEG ratio of 5.23 and a beta of 0.83. Werner Enterprises, Inc. has a 1-year low of $35.84 and a 1-year high of $50.31. The company’s fifty day simple moving average is $44.92 and its 200 day simple moving average is $44.31. The company has a current ratio of 2.34, a quick ratio of 2.29 and a debt-to-equity ratio of 0.47.

Werner Enterprises (NASDAQ:WERN – Get Rating) last issued its earnings results on Wednesday, May 3rd. The transportation company reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.11). The firm had revenue of $832.71 million for the quarter, compared to analyst estimates of $857.09 million. Werner Enterprises had a return on equity of 15.20% and a net margin of 6.63%. Werner Enterprises’s quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.96 earnings per share. On average, research analysts forecast that Werner Enterprises, Inc. will post 2.87 earnings per share for the current fiscal year.

Werner Enterprises Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 19th. Shareholders of record on Monday, July 3rd will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.26%. This is a boost from Werner Enterprises’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Friday, June 30th. Werner Enterprises’s payout ratio is 14.99%.

Wall Street Analysts Forecast Growth

WERN has been the topic of a number of research reports. Barclays cut their price target on shares of Werner Enterprises from $54.00 to $52.00 in a research note on Thursday, May 4th. Wells Fargo & Company lifted their price target on shares of Werner Enterprises from $40.00 to $50.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 8th. JPMorgan Chase & Co. lifted their price target on shares of Werner Enterprises from $38.00 to $39.00 and gave the company a “neutral” rating in a research note on Wednesday, February 8th. Stifel Nicolaus cut their price target on shares of Werner Enterprises from $54.00 to $51.00 in a research note on Thursday, May 4th. Finally, Robert W. Baird lifted their price target on shares of Werner Enterprises from $49.00 to $54.00 and gave the company an “outperform” rating in a research note on Wednesday, February 8th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Werner Enterprises has a consensus rating of “Hold” and an average target price of $49.28.

Werner Enterprises Company Profile

(Get Rating)

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.