Bank of Montreal Can Has $243,000 Holdings in Werner Enterprises, Inc. (NASDAQ:WERN)

Bank of Montreal Can lifted its position in shares of Werner Enterprises, Inc. (NASDAQ:WERN) by 7.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,761 shares of the transportation company’s stock after acquiring an additional 485 shares during the quarter. Bank of Montreal Can’s holdings in Werner Enterprises were worth $243,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of WERN. Headlands Technologies LLC acquired a new stake in shares of Werner Enterprises during the fourth quarter valued at about $39,000. Blue Trust Inc. boosted its position in Werner Enterprises by 64.7% during the 4th quarter. Blue Trust Inc. now owns 1,308 shares of the transportation company’s stock worth $50,000 after buying an additional 514 shares during the period. Quadrant Capital Group LLC grew its holdings in Werner Enterprises by 35.7% during the 4th quarter. Quadrant Capital Group LLC now owns 2,431 shares of the transportation company’s stock worth $87,000 after acquiring an additional 639 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Werner Enterprises in the 3rd quarter valued at approximately $96,000. Finally, KBC Group NV raised its stake in shares of Werner Enterprises by 43.7% during the fourth quarter. KBC Group NV now owns 2,976 shares of the transportation company’s stock valued at $107,000 after acquiring an additional 905 shares during the last quarter. Institutional investors own 89.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on WERN. Citigroup upgraded Werner Enterprises from a “sell” rating to a “neutral” rating and decreased their price objective for the company from $32.00 to $29.00 in a report on Tuesday, April 8th. The Goldman Sachs Group decreased their price target on Werner Enterprises from $36.00 to $28.00 and set a “sell” rating for the company in a research note on Thursday, April 10th. Barclays cut their price objective on Werner Enterprises from $38.00 to $32.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 2nd. UBS Group decreased their target price on shares of Werner Enterprises from $36.00 to $30.00 and set a “neutral” rating for the company in a research report on Tuesday. Finally, StockNews.com downgraded shares of Werner Enterprises from a “hold” rating to a “sell” rating in a research report on Thursday, April 3rd. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $34.07.

Werner Enterprises Stock Performance

Shares of Werner Enterprises stock opened at $28.84 on Friday. The business has a 50-day simple moving average of $30.05 and a 200 day simple moving average of $34.94. Werner Enterprises, Inc. has a one year low of $26.50 and a one year high of $42.48. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.52 and a quick ratio of 1.48. The firm has a market capitalization of $1.78 billion, a price-to-earnings ratio of 52.44 and a beta of 1.06.

Werner Enterprises (NASDAQ:WERN) last issued its earnings results on Thursday, February 6th. The transportation company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.15). Werner Enterprises had a return on equity of 2.27% and a net margin of 1.13%. On average, research analysts anticipate that Werner Enterprises, Inc. will post 1.27 earnings per share for the current fiscal year.

Werner Enterprises Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Monday, April 14th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.94%. The ex-dividend date of this dividend is Monday, April 14th. Werner Enterprises’s payout ratio is presently 101.82%.

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.