Mirae Asset Global Investments Co. Ltd. Purchases 1,762 Shares of Werner Enterprises, Inc. (NASDAQ:WERN)

Mirae Asset Global Investments Co. Ltd. increased its position in Werner Enterprises, Inc. (NASDAQ:WERN) by 6.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,301 shares of the transportation company’s stock after purchasing an additional 1,762 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Werner Enterprises were worth $1,241,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Nuance Investments LLC grew its holdings in Werner Enterprises by 106.4% during the 3rd quarter. Nuance Investments LLC now owns 1,455,785 shares of the transportation company’s stock worth $56,703,000 after acquiring an additional 750,562 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Werner Enterprises by 35.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 962,645 shares of the transportation company’s stock worth $37,495,000 after purchasing an additional 249,838 shares during the last quarter. Adage Capital Partners GP L.L.C. acquired a new stake in shares of Werner Enterprises during the third quarter worth $6,643,000. AQR Capital Management LLC increased its holdings in Werner Enterprises by 27.8% in the third quarter. AQR Capital Management LLC now owns 705,304 shares of the transportation company’s stock valued at $27,472,000 after purchasing an additional 153,271 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in Werner Enterprises by 13.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,269,640 shares of the transportation company’s stock valued at $49,452,000 after buying an additional 147,623 shares during the period. 89.32% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on WERN shares. Stephens reaffirmed an “overweight” rating and issued a $49.00 price target on shares of Werner Enterprises in a research note on Wednesday, February 7th. StockNews.com upgraded shares of Werner Enterprises from a “sell” rating to a “hold” rating in a report on Tuesday, February 27th. Barclays lowered shares of Werner Enterprises from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $45.00 to $40.00 in a report on Monday, April 1st. Susquehanna dropped their price objective on Werner Enterprises from $40.00 to $35.00 and set a “neutral” rating on the stock in a research note on Monday, March 25th. Finally, TD Cowen boosted their target price on Werner Enterprises from $40.00 to $43.00 and gave the company an “outperform” rating in a research note on Wednesday, February 7th. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $44.00.

Werner Enterprises Price Performance

Shares of NASDAQ WERN opened at $35.34 on Tuesday. Werner Enterprises, Inc. has a fifty-two week low of $34.67 and a fifty-two week high of $47.27. The stock has a market capitalization of $2.24 billion, a price-to-earnings ratio of 20.08, a PEG ratio of 1.09 and a beta of 0.78. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.92 and a quick ratio of 1.87. The business has a 50-day moving average of $38.47 and a 200-day moving average of $39.30.

Werner Enterprises (NASDAQ:WERN) last posted its quarterly earnings results on Monday, February 5th. The transportation company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.05). Werner Enterprises had a net margin of 3.42% and a return on equity of 8.17%. The company had revenue of $821.90 million during the quarter, compared to the consensus estimate of $820.90 million. During the same quarter in the prior year, the business earned $0.99 earnings per share. The firm’s revenue for the quarter was down 4.6% compared to the same quarter last year. As a group, sell-side analysts predict that Werner Enterprises, Inc. will post 1.91 earnings per share for the current fiscal year.

Werner Enterprises Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Monday, April 15th will be issued a dividend of $0.14 per share. The ex-dividend date is Friday, April 12th. This represents a $0.56 dividend on an annualized basis and a yield of 1.58%. Werner Enterprises’s payout ratio is 31.82%.

Werner Enterprises Profile

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.