International Assets Investment Management LLC Raises Holdings in Werner Enterprises, Inc. (NASDAQ:WERN)

International Assets Investment Management LLC lifted its holdings in Werner Enterprises, Inc. (NASDAQ:WERN) by 3,763.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 2,627 shares of the transportation company’s stock after purchasing an additional 2,559 shares during the quarter. International Assets Investment Management LLC’s holdings in Werner Enterprises were worth $111,000 at the end of the most recent reporting period.

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

Werner Enterprises Stock Performance

Shares of NASDAQ WERN opened at $34.72 on Tuesday. 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 company has a market cap of $2.20 billion, a PE ratio of 19.73, a price-to-earnings-growth ratio of 1.06 and a beta of 0.78. The company has a 50-day simple moving average of $37.93 and a 200-day simple moving average of $39.16. Werner Enterprises, Inc. has a 12 month low of $34.56 and a 12 month high of $47.27.

Werner Enterprises (NASDAQ:WERN) last issued its quarterly earnings results 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 business had revenue of $821.90 million during the quarter, compared to analyst estimates of $820.90 million. During the same quarter last year, the firm posted $0.99 earnings per share. The company’s revenue was down 4.6% on a year-over-year basis. On average, equities analysts anticipate that Werner Enterprises, Inc. will post 1.91 earnings per share for the current year.

Werner Enterprises Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Monday, April 15th will be given a dividend of $0.14 per share. The ex-dividend date is Friday, April 12th. This represents a $0.56 annualized dividend and a yield of 1.61%. Werner Enterprises’s dividend payout ratio (DPR) is presently 31.82%.

Analysts Set New Price Targets

A number of research firms recently weighed in on WERN. Bank of America lowered their price target on Werner Enterprises from $35.00 to $34.00 and set an “underperform” rating on the stock in a report on Monday, April 15th. Stephens reaffirmed an “overweight” rating and set 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 research report on Tuesday, February 27th. Susquehanna dropped their target price on shares of Werner Enterprises from $40.00 to $35.00 and set a “neutral” rating for the company in a report on Monday, March 25th. Finally, TD Cowen lifted their target price 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. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $44.00.

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.