Wells Fargo & Company MN Increases Stock Position in Werner Enterprises, Inc. (NASDAQ:WERN)

Wells Fargo & Company MN grew its stake in shares of Werner Enterprises, Inc. (NASDAQ:WERN) by 27.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 40,375 shares of the transportation company’s stock after acquiring an additional 8,641 shares during the quarter. Wells Fargo & Company MN owned about 0.07% of Werner Enterprises worth $1,450,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC boosted its holdings in shares of Werner Enterprises by 9.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,660,846 shares of the transportation company’s stock valued at $59,010,000 after acquiring an additional 143,953 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Werner Enterprises by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 6,730,457 shares of the transportation company’s stock valued at $241,758,000 after acquiring an additional 32,228 shares during the last quarter. Barclays PLC boosted its holdings in shares of Werner Enterprises by 12.8% during the 3rd quarter. Barclays PLC now owns 435,447 shares of the transportation company’s stock valued at $16,804,000 after acquiring an additional 49,568 shares during the last quarter. Atria Investments Inc boosted its holdings in shares of Werner Enterprises by 16.3% during the 4th quarter. Atria Investments Inc now owns 9,479 shares of the transportation company’s stock valued at $340,000 after acquiring an additional 1,329 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Werner Enterprises by 0.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 85,815 shares of the transportation company’s stock valued at $3,312,000 after acquiring an additional 559 shares during the last quarter. Hedge funds and other institutional investors own 89.32% of the company’s stock.

Analysts Set New Price Targets

WERN has been the topic of a number of recent analyst reports. Stifel Nicolaus dropped their price target on shares of Werner Enterprises from $35.00 to $29.00 and set a “hold” rating on the stock in a report on Monday, April 14th. Barclays dropped their price objective on shares of Werner Enterprises from $38.00 to $32.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 2nd. Citigroup raised shares of Werner Enterprises from a “sell” rating to a “neutral” rating and dropped their price objective for the stock from $32.00 to $29.00 in a report on Tuesday, April 8th. Susquehanna dropped their price objective on shares of Werner Enterprises from $39.00 to $32.00 and set a “neutral” rating on the stock in a report on Wednesday, March 26th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Werner Enterprises in a report on Friday, March 7th. They issued a “hold” rating and a $33.00 price objective on the stock. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $34.07.

Werner Enterprises Price Performance

NASDAQ WERN opened at $27.55 on Monday. The stock has a market cap of $1.70 billion, a price-to-earnings ratio of 50.09 and a beta of 1.06. The company has a current ratio of 1.52, a quick ratio of 1.48 and a debt-to-equity ratio of 0.43. Werner Enterprises, Inc. has a 12 month low of $26.50 and a 12 month high of $42.48. The company’s 50 day moving average is $29.90 and its two-hundred day moving average is $34.86.

Werner Enterprises (NASDAQ:WERN) last released its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.15). Werner Enterprises had a net margin of 1.13% and a return on equity of 2.27%. As a group, research analysts anticipate that Werner Enterprises, Inc. will post 1.27 earnings per share for the current year.

Werner Enterprises Announces Dividend

The business also recently disclosed 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 2.03%. The ex-dividend date of this dividend is Monday, April 14th. Werner Enterprises’s payout ratio is currently 101.82%.

About Werner Enterprises

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.