Mackenzie Financial Corp Buys Shares of 14,644 Werner Enterprises, Inc. (NASDAQ:WERN)

Mackenzie Financial Corp acquired a new position in shares of Werner Enterprises, Inc. (NASDAQ:WERN) in the 4th quarter, Holdings Channel reports. The fund acquired 14,644 shares of the transportation company’s stock, valued at approximately $620,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Louisiana State Employees Retirement System purchased a new position in shares of Werner Enterprises during the fourth quarter worth about $754,000. Janiczek Wealth Management LLC grew its holdings in shares of Werner Enterprises by 16.9% during the fourth quarter. Janiczek Wealth Management LLC now owns 4,451 shares of the transportation company’s stock worth $189,000 after purchasing an additional 645 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Werner Enterprises by 8.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,373,458 shares of the transportation company’s stock worth $58,193,000 after purchasing an additional 103,818 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Werner Enterprises by 6.4% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 29,301 shares of the transportation company’s stock worth $1,241,000 after purchasing an additional 1,762 shares in the last quarter. Finally, International Assets Investment Management LLC grew its holdings in shares of Werner Enterprises by 3,763.2% during the fourth quarter. International Assets Investment Management LLC now owns 2,627 shares of the transportation company’s stock worth $111,000 after purchasing an additional 2,559 shares in the last quarter. Hedge funds and other institutional investors own 89.32% of the company’s stock.

Werner Enterprises Stock Performance

Shares of WERN stock opened at $35.08 on Friday. 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, Inc. has a fifty-two week low of $34.67 and a fifty-two week high of $47.27. The stock has a 50 day moving average price of $38.14 and a two-hundred day moving average price of $39.22. The company has a market capitalization of $2.22 billion, a P/E ratio of 19.93, a PEG ratio of 1.08 and a beta of 0.78.

Werner Enterprises (NASDAQ:WERN) last announced its quarterly earnings data on Monday, February 5th. The transportation company reported $0.39 earnings per share 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 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 previous year, the firm posted $0.99 EPS. The business’s revenue for the quarter was down 4.6% compared to the same quarter last year. Analysts expect that Werner Enterprises, Inc. will post 1.91 earnings per share for the current year.

Werner Enterprises Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Monday, April 15th will be paid a dividend of $0.14 per share. The ex-dividend date is Friday, April 12th. This represents a $0.56 annualized dividend and a dividend yield of 1.60%. Werner Enterprises’s dividend payout ratio (DPR) is presently 31.82%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Morgan Stanley cut their price objective on Werner Enterprises from $60.00 to $59.00 and set an “overweight” rating for the company in a report on Wednesday, February 7th. Barclays downgraded Werner Enterprises from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $45.00 to $40.00 in a research report on Monday, April 1st. Stephens restated an “overweight” rating and issued a $49.00 target price on shares of Werner Enterprises in a research report on Wednesday, February 7th. StockNews.com upgraded Werner Enterprises from a “sell” rating to a “hold” rating in a research report on Tuesday, February 27th. Finally, Bank of America dropped their target price on Werner Enterprises from $35.00 to $34.00 and set an “underperform” rating for the company in a research report on Monday, April 15th. One analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $44.00.

Werner Enterprises Company 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.