Werner Enterprises, Inc. (NASDAQ:WERN) Stake Lowered by Swiss National Bank

Posted by on May 19th, 2023

Swiss National Bank reduced its stake in shares of Werner Enterprises, Inc. (NASDAQ:WERN – Get Rating) by 0.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 137,900 shares of the transportation company’s stock after selling 900 shares during the period. Swiss National Bank owned 0.22% of Werner Enterprises worth $5,552,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Retirement Systems of Alabama grew its holdings in shares of Werner Enterprises by 0.3% during the 4th quarter. Retirement Systems of Alabama now owns 77,471 shares of the transportation company’s stock valued at $3,119,000 after acquiring an additional 257 shares in the last quarter. SummerHaven Investment Management LLC boosted its holdings in Werner Enterprises by 1.3% in the fourth quarter. SummerHaven Investment Management LLC now owns 19,578 shares of the transportation company’s stock worth $788,000 after purchasing an additional 260 shares in the last quarter. Truist Financial Corp boosted its holdings in Werner Enterprises by 1.6% in the third quarter. Truist Financial Corp now owns 17,498 shares of the transportation company’s stock worth $658,000 after purchasing an additional 277 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its holdings in Werner Enterprises by 4.1% in the third quarter. Mercer Global Advisors Inc. ADV now owns 7,556 shares of the transportation company’s stock worth $284,000 after purchasing an additional 296 shares in the last quarter. Finally, Signaturefd LLC boosted its holdings in Werner Enterprises by 4.8% in the third quarter. Signaturefd LLC now owns 7,118 shares of the transportation company’s stock worth $268,000 after purchasing an additional 326 shares in the last quarter. 83.95% of the stock is currently owned by hedge funds and other institutional investors.

Werner Enterprises Price Performance

Shares of WERN stock opened at $44.64 on Friday. Werner Enterprises, Inc. has a 52-week low of $35.84 and a 52-week high of $50.31. The stock has a market cap of $2.83 billion, a PE ratio of 12.86, a PEG ratio of 5.25 and a beta of 0.83. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.29 and a current ratio of 2.34. The firm’s 50 day moving average price is $44.94 and its two-hundred day moving average price is $44.24.

Werner Enterprises (NASDAQ:WERN – Get Rating) last announced its quarterly earnings data on Wednesday, May 3rd. The transportation company reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.11). Werner Enterprises had a net margin of 6.63% and a return on equity of 15.20%. The business had revenue of $832.71 million during the quarter, compared to the consensus estimate of $857.09 million. During the same period in the previous year, the business posted $0.96 earnings per share. Werner Enterprises’s revenue was up 8.9% compared to the same quarter last year. As a group, analysts forecast that Werner Enterprises, Inc. will post 2.87 EPS for the current year.

Werner Enterprises Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 19th. Shareholders of record on Monday, July 3rd will be paid a $0.14 dividend. The ex-dividend date is Friday, June 30th. This is a boost from Werner Enterprises’s previous quarterly dividend of $0.13. This represents a $0.56 dividend on an annualized basis and a yield of 1.25%. Werner Enterprises’s dividend payout ratio (DPR) is presently 14.99%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Barclays decreased their price objective on shares of Werner Enterprises from $54.00 to $52.00 in a report on Thursday, May 4th. JPMorgan Chase & Co. upped their price objective on shares of Werner Enterprises from $38.00 to $39.00 and gave the stock a “neutral” rating in a report on Wednesday, February 8th. Robert W. Baird boosted their target price on shares of Werner Enterprises from $49.00 to $54.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 8th. Stifel Nicolaus cut their target price on shares of Werner Enterprises from $54.00 to $51.00 in a research report on Thursday, May 4th. Finally, UBS Group cut their target price on shares of Werner Enterprises from $57.00 to $54.00 in a research report on Thursday, May 4th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $49.28.

Werner Enterprises Profile

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Werner Enterprises, Inc engages in the provision of logistics services. It operates through the Truckload Transportation Services and Werner Logistics segments. The Truckload Transportation Services segment consists of one-way truckload and specialized services units such as the medium-to-long haul van fleet which provides a consumer non durable products and commodities in truckload quantities.

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

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