Stifel Financial Corp Sells 1,954 Shares of Werner Enterprises, Inc. (NASDAQ:WERN)

Stifel Financial Corp trimmed its holdings in shares of Werner Enterprises, Inc. (NASDAQ:WERNFree Report) by 1.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 174,926 shares of the transportation company’s stock after selling 1,954 shares during the period. Stifel Financial Corp owned approximately 0.28% of Werner Enterprises worth $7,412,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Blue Trust Inc. increased its position in shares of Werner Enterprises by 139.9% during the 4th quarter. Blue Trust Inc. now owns 703 shares of the transportation company’s stock worth $30,000 after purchasing an additional 410 shares in the last quarter. Headlands Technologies LLC acquired a new stake in Werner Enterprises in the 3rd quarter valued at about $36,000. Planned Solutions Inc. acquired a new stake in Werner Enterprises in the 4th quarter valued at about $57,000. Covestor Ltd increased its position in Werner Enterprises by 46.5% in the 3rd quarter. Covestor Ltd now owns 2,402 shares of the transportation company’s stock valued at $94,000 after acquiring an additional 762 shares in the last quarter. Finally, Hills Bank & Trust Co acquired a new stake in Werner Enterprises in the 4th quarter valued at about $106,000. Institutional investors and hedge funds own 89.32% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Stifel Nicolaus lowered their price objective on shares of Werner Enterprises from $42.00 to $39.00 and set a “hold” rating for the company in a research report on Thursday, April 18th. Barclays lowered their price objective on shares of Werner Enterprises from $40.00 to $36.00 and set an “equal weight” rating for the company in a research report on Thursday, May 2nd. Evercore ISI lowered their price target on shares of Werner Enterprises from $39.00 to $35.00 and set an “in-line” rating for the company in a research report on Wednesday, May 1st. StockNews.com upgraded shares of Werner Enterprises from a “sell” rating to a “hold” rating in a research report on Tuesday. Finally, Stephens reiterated an “equal weight” rating and set a $40.00 price target on shares of Werner Enterprises in a research report on Thursday, May 16th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $40.83.

Get Our Latest Stock Report on Werner Enterprises

Werner Enterprises Stock Down 0.8 %

Shares of NASDAQ WERN opened at $36.89 on Friday. The stock has a market cap of $2.34 billion, a P/E ratio of 28.16, a P/E/G ratio of 3.06 and a beta of 0.83. The firm has a 50 day moving average price of $36.78 and a 200 day moving average price of $39.03. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.85 and a current ratio of 1.90. Werner Enterprises, Inc. has a 52-week low of $33.12 and a 52-week high of $47.27.

Werner Enterprises (NASDAQ:WERNGet Free Report) last issued its quarterly earnings data on Tuesday, April 30th. The transportation company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.14). The firm had revenue of $769.08 million for the quarter, compared to analyst estimates of $788.30 million. Werner Enterprises had a net margin of 2.59% and a return on equity of 6.15%. The firm’s revenue for the quarter was down 7.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.60 EPS. Analysts expect that Werner Enterprises, Inc. will post 1.35 EPS for the current year.

Werner Enterprises Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 17th. Investors of record on Monday, July 1st will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date of this dividend is Monday, July 1st. Werner Enterprises’s dividend payout ratio is currently 42.75%.

Werner Enterprises Company Profile

(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

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

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