Vanguard Group Inc. Has $228.05 Million Holdings in Werner Enterprises, Inc. (NASDAQ:WERN)

Vanguard Group Inc. boosted its position in Werner Enterprises, Inc. (NASDAQ:WERNFree Report) by 0.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,854,948 shares of the transportation company’s stock after buying an additional 48,380 shares during the quarter. Vanguard Group Inc. owned approximately 0.09% of Werner Enterprises worth $228,050,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of WERN. JPMorgan Chase & Co. grew its stake in Werner Enterprises by 20.2% in the 1st quarter. JPMorgan Chase & Co. now owns 238,975 shares of the transportation company’s stock valued at $9,798,000 after buying an additional 40,108 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in Werner Enterprises by 50.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,447 shares of the transportation company’s stock valued at $100,000 after buying an additional 825 shares during the last quarter. MetLife Investment Management LLC grew its stake in Werner Enterprises by 38.9% in the 1st quarter. MetLife Investment Management LLC now owns 69,575 shares of the transportation company’s stock valued at $2,853,000 after buying an additional 19,471 shares during the last quarter. Rhumbline Advisers grew its stake in Werner Enterprises by 0.6% in the 1st quarter. Rhumbline Advisers now owns 211,666 shares of the transportation company’s stock valued at $8,678,000 after buying an additional 1,240 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in Werner Enterprises by 8.7% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 21,941 shares of the transportation company’s stock valued at $900,000 after buying an additional 1,762 shares during the last quarter. 89.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on WERN shares. Susquehanna decreased their price target on shares of Werner Enterprises from $40.00 to $35.00 and set a “neutral” rating on the stock in a research report on Monday, March 25th. Morgan Stanley decreased their price target on shares of Werner Enterprises from $60.00 to $59.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 7th. TD Cowen raised their price target on shares of Werner Enterprises from $40.00 to $43.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 7th. StockNews.com upgraded shares of Werner Enterprises from a “sell” rating to a “hold” rating in a research report on Tuesday, February 27th. Finally, Stephens restated an “overweight” rating and issued a $49.00 price target on shares of Werner Enterprises in a research report on Wednesday, February 7th. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $44.50.

Check Out Our Latest Research Report on WERN

Werner Enterprises Price Performance

NASDAQ:WERN opened at $39.12 on Friday. The company has a 50-day moving average of $39.67 and a 200-day moving average of $39.56. The company has a market capitalization of $2.48 billion, a price-to-earnings ratio of 22.23, a PEG ratio of 1.08 and a beta of 0.79. Werner Enterprises, Inc. has a 52 week low of $35.02 and a 52 week high of $47.27. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.87 and a current ratio of 1.92.

Werner Enterprises (NASDAQ:WERNGet Free Report) last announced its quarterly earnings results on Monday, February 5th. The transportation company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.05). Werner Enterprises had a net margin of 3.42% and a return on equity of 8.17%. The firm had revenue of $821.90 million for the quarter, compared to the consensus estimate of $820.90 million. During the same period in the prior year, the business earned $0.99 earnings per share. The company’s revenue for the quarter was down 4.6% on a year-over-year basis. As a group, equities research analysts anticipate that Werner Enterprises, Inc. will post 2.09 earnings per share for the current fiscal year.

Werner Enterprises Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Monday, April 15th will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date of this dividend is Friday, April 12th. Werner Enterprises’s dividend payout ratio is presently 31.82%.

About Werner Enterprises

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Werner Enterprises (NASDAQ:WERN)

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