Diversify Advisory Services LLC Buys Shares of 6,919 Werner Enterprises, Inc. (NASDAQ:WERN)

Diversify Advisory Services LLC purchased a new stake in Werner Enterprises, Inc. (NASDAQ:WERNFree Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 6,919 shares of the transportation company’s stock, valued at approximately $267,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Jade Capital Advisors LLC purchased a new stake in Werner Enterprises in the 4th quarter valued at about $2,118,000. Vanguard Group Inc. raised its stake in shares of Werner Enterprises by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 5,854,948 shares of the transportation company’s stock valued at $228,050,000 after acquiring an additional 48,380 shares during the period. Congress Asset Management Co. MA lifted its holdings in shares of Werner Enterprises by 14.8% in the 1st quarter. Congress Asset Management Co. MA now owns 305,501 shares of the transportation company’s stock worth $11,951,000 after acquiring an additional 39,445 shares during the last quarter. Norden Group LLC boosted its position in shares of Werner Enterprises by 1,048.4% during the 1st quarter. Norden Group LLC now owns 91,312 shares of the transportation company’s stock worth $3,572,000 after purchasing an additional 83,361 shares during the period. Finally, Raymond James & Associates increased its holdings in Werner Enterprises by 35.3% in the 4th quarter. Raymond James & Associates now owns 169,187 shares of the transportation company’s stock valued at $7,168,000 after purchasing an additional 44,159 shares during the last quarter. Institutional investors and hedge funds own 89.32% of the company’s stock.

Werner Enterprises Price Performance

Shares of WERN opened at $35.23 on Monday. The company has a current ratio of 1.90, a quick ratio of 1.85 and a debt-to-equity ratio of 0.39. The firm’s fifty day simple moving average is $36.41 and its 200-day simple moving average is $38.35. The firm has a market capitalization of $2.23 billion, a price-to-earnings ratio of 26.89, a PEG ratio of 2.90 and a beta of 0.80. Werner Enterprises, Inc. has a twelve month low of $33.12 and a twelve month high of $47.27.

Werner Enterprises (NASDAQ:WERNGet Free Report) last posted its quarterly earnings results on Tuesday, April 30th. The transportation company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.14). The business had revenue of $769.08 million during 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 quarterly revenue was down 7.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.60 earnings per share. Equities analysts forecast that Werner Enterprises, Inc. will post 1.35 EPS for the current fiscal year.

Werner Enterprises Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 17th. Investors of record on Monday, July 1st will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date of this dividend is Monday, July 1st. Werner Enterprises’s dividend payout ratio (DPR) is 42.75%.

Analyst Ratings Changes

A number of research firms have commented on WERN. Robert W. Baird decreased their price target on Werner Enterprises from $46.00 to $42.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 1st. Stifel Nicolaus lowered their target price on Werner Enterprises from $42.00 to $39.00 and set a “hold” rating for the company in a report on Thursday, April 18th. JPMorgan Chase & Co. cut their price target on shares of Werner Enterprises from $37.00 to $36.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 1st. Susquehanna reissued a “negative” rating and set a $27.00 price target (down previously from $32.00) on shares of Werner Enterprises in a research report on Monday, June 24th. Finally, Evercore ISI dropped their price objective on shares of Werner Enterprises from $35.00 to $33.00 and set an “in-line” rating for the company in a report on Tuesday, June 25th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $39.25.

View Our Latest Research Report on WERN

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.

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

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