Werner Enterprises, Inc. (NASDAQ:WERN) Shares Purchased by Deutsche Bank AG

Deutsche Bank AG grew its position in Werner Enterprises, Inc. (NASDAQ:WERN) by 34.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 53,640 shares of the transportation company’s stock after acquiring an additional 13,758 shares during the quarter. Deutsche Bank AG owned approximately 0.09% of Werner Enterprises worth $1,927,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Deprince Race & Zollo Inc. increased its holdings in shares of Werner Enterprises by 0.9% during the fourth quarter. Deprince Race & Zollo Inc. now owns 2,121,696 shares of the transportation company’s stock valued at $76,211,000 after purchasing an additional 19,370 shares during the period. Dean Capital Management boosted its position in shares of Werner Enterprises by 0.9% in the fourth quarter. Dean Capital Management now owns 81,208 shares of the transportation company’s stock worth $2,917,000 after buying an additional 710 shares during the period. Crestline Management LP acquired a new position in shares of Werner Enterprises in the 4th quarter valued at about $254,000. Balyasny Asset Management L.P. increased its stake in Werner Enterprises by 434.0% in the 4th quarter. Balyasny Asset Management L.P. now owns 28,402 shares of the transportation company’s stock valued at $1,020,000 after buying an additional 23,083 shares during the period. Finally, Ameriprise Financial Inc. boosted its position in Werner Enterprises by 24.5% during the fourth quarter. Ameriprise Financial Inc. now owns 560,698 shares of the transportation company’s stock valued at $20,140,000 after purchasing an additional 110,336 shares during the last quarter. Institutional investors and hedge funds own 89.32% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. Stifel Nicolaus cut their price target on shares of Werner Enterprises from $29.00 to $24.00 and set a “hold” rating on the stock in a report on Thursday, May 1st. Deutsche Bank Aktiengesellschaft began coverage on Werner Enterprises in a research report on Friday, March 7th. They issued a “hold” rating and a $33.00 price objective for the company. The Goldman Sachs Group decreased their target price on shares of Werner Enterprises from $28.00 to $25.00 and set a “sell” rating on the stock in a research report on Wednesday, April 30th. Wells Fargo & Company cut their price target on shares of Werner Enterprises from $27.00 to $24.00 and set an “underweight” rating for the company in a report on Wednesday, April 30th. Finally, TD Cowen reduced their price target on shares of Werner Enterprises from $33.00 to $30.00 and set a “buy” rating on the stock in a research report on Wednesday, April 30th. Five analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $29.69.

Werner Enterprises Stock Performance

Shares of WERN stock opened at $25.76 on Friday. Werner Enterprises, Inc. has a one year low of $23.02 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 stock has a market cap of $1.59 billion, a PE ratio of 46.84 and a beta of 1.09. The stock has a 50-day moving average of $27.84 and a 200-day moving average of $33.41.

Werner Enterprises (NASDAQ:WERN) last released its quarterly earnings data on Tuesday, April 29th. The transportation company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.24). Werner Enterprises had a net margin of 1.13% and a return on equity of 2.27%. The business had revenue of $712.11 million for the quarter, compared to the consensus estimate of $738.41 million. During the same quarter last year, the firm earned $0.14 EPS. The company’s revenue for the quarter was down 7.4% on a year-over-year basis. As a group, sell-side analysts expect that Werner Enterprises, Inc. will post 1.27 earnings per share for the current year.

Werner Enterprises Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 23rd. Investors of record on Monday, July 7th will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date is Monday, July 7th. Werner Enterprises’s payout ratio is currently 193.10%.

Werner Enterprises Company 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.