1 day Ago By ABMN Staff
Norges Bank acquired a new stake in shares of Werner Enterprises, Inc. ( NASDAQ:WERN – Free Report ) during the 4th quarter, HoldingsChannel reports. The fund acquired 15,005 shares of the transportation company’s stock, valued at approximately $539,000.
Several other institutional investors have also modified their holdings of the stock. Blue Trust Inc. boosted its stake in shares of Werner Enterprises by 64.
7% in the fourth quarter. Blue Trust Inc. now owns 1,308 shares of the transportation company’s stock worth $50,000 after acquiring an additional 514 shares during the last quarter.
Wilmington Savings Fund Society FSB purchased a new position in Werner Enterprises in the 3rd quarter valued at $96,000. KBC Group NV boosted its stake in Werner Enterprises by 43.7% during the 4th quarter.
KBC Group NV now owns 2,976 shares of the transportation company’s stock worth $107,000 after purchasing an additional 905 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of Werner Enterprises by 59.1% during the fourth quarter.
SG Americas Securities LLC now owns 4,187 shares of the transportation company’s stock worth $150,000 after buying an additional 1,555 shares in the last quarter. Finally, Cim Investment Management Inc. purchased a new stake in shares of Werner Enterprises during the third quarter worth $203,000.
Institutional investors and hedge funds own 89.32% of the company’s stock. Werner Enterprises Trading Down 0.
1 % Shares of WERN stock opened at $28.48 on Friday. Werner Enterprises, Inc.
has a 1-year low of $26.50 and a 1-year high of $42.48.
The firm has a market cap of $1.76 billion, a PE ratio of 51.78 and a beta of 1.
06. The company has a 50-day moving average of $31.22 and a two-hundred day moving average of $35.
49. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.
52 and a quick ratio of 1.48. Werner Enterprises Announces Dividend The company also recently declared 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. The ex-dividend date of this dividend is Monday, April 14th.
This represents a $0.56 annualized dividend and a dividend yield of 1.97%.
Werner Enterprises’s dividend payout ratio is currently 101.82%. Wall Street Analyst Weigh In A number of equities analysts recently weighed in on the stock.
Wells Fargo & Company lowered their price target on shares of Werner Enterprises from $34.00 to $27.00 and set an “underweight” rating on the stock in a research report on Thursday, March 27th.
Stifel Nicolaus boosted their target price on Werner Enterprises from $30.00 to $35.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd.
Susquehanna cut their price target on Werner Enterprises from $39.00 to $32.00 and set a “neutral” rating for the company in a report on Wednesday, March 26th.
Barclays lowered 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.
Finally, StockNews.com downgraded Werner Enterprises from a “hold” rating to a “sell” rating in a research note on Thursday, April 3rd. Five research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company’s stock.
According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $35.07.
Get Our Latest Stock Analysis on Werner Enterprises About Werner Enterprises ( 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. Further Reading Want to see what other hedge funds are holding WERN? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Werner Enterprises, Inc. ( NASDAQ:WERN – Free Report ). Receive News & Ratings for Werner Enterprises Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Werner Enterprises and related companies with MarketBeat.
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