1 week Ago By Defense World Staff
Norges Bank acquired a new position in Werner Enterprises, Inc. (NASDAQ:WERN – Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 15,005 shares of the transportation company’s stock, valued at approximately $539,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CIBC Asset Management Inc lifted its position in shares of Werner Enterprises by 4.6% in the 4th quarter.
CIBC Asset Management Inc now owns 6,168 shares of the transportation company’s stock worth $222,000 after purchasing an additional 274 shares during the period. Keybank National Association OH lifted its holdings in Werner Enterprises by 1.5% during the fourth quarter.
Keybank National Association OH now owns 20,216 shares of the transportation company’s stock worth $726,000 after buying an additional 305 shares during the period. State of New Jersey Common Pension Fund D boosted its position in Werner Enterprises by 0.7% during the 4th quarter.
State of New Jersey Common Pension Fund D now owns 53,495 shares of the transportation company’s stock valued at $1,922,000 after acquiring an additional 359 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of Werner Enterprises by 64.
7% in the 4th quarter. Blue Trust Inc. now owns 1,308 shares of the transportation company’s stock valued at $50,000 after acquiring an additional 514 shares during the period.
Finally, Inspire Investing LLC raised its position in shares of Werner Enterprises by 5.2% in the 4th quarter. Inspire Investing LLC now owns 11,144 shares of the transportation company’s stock worth $400,000 after acquiring an additional 551 shares in the last quarter.
89.32% of the stock is currently owned by institutional investors. Werner Enterprises Stock Down 0.
1 %Werner Enterprises stock opened at $28.48 on Friday. The business’s 50-day simple moving average is $31.
22 and its two-hundred day simple moving average is $35.49. The company has a debt-to-equity ratio of 0.
43, a quick ratio of 1.48 and a current ratio of 1.52.
The company has a market cap of $1.76 billion, a PE ratio of 51.78 and a beta of 1.
06. Werner Enterprises, Inc. has a fifty-two week low of $26.
50 and a fifty-two week high of $42.48. Werner Enterprises (NASDAQ:WERN – Get Free Report) last released its earnings results on Thursday, February 6th.
The transportation company reported $0.08 EPS 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%. Equities analysts anticipate that Werner Enterprises, Inc. will post 1.
27 EPS for the current year. Werner Enterprises Announces DividendThe firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Monday, April 14th will be paid a $0.
14 dividend. The ex-dividend date of this dividend is Monday, April 14th. This represents a $0.
56 dividend on an annualized basis and a dividend yield of 1.97%. Werner Enterprises’s payout ratio is currently 101.
82%. Analyst Upgrades and DowngradesA number of equities research analysts recently weighed in on the company. Stifel Nicolaus raised their price objective on Werner Enterprises from $30.
00 to $35.00 and gave the company a “hold” rating in a research report on Thursday, January 23rd. Deutsche Bank Aktiengesellschaft began coverage on shares of Werner Enterprises in a report on Friday, March 7th.
They issued a “hold” rating and a $33.00 price target on the stock. Wells Fargo & Company reduced their price objective on shares of Werner Enterprises from $34.
00 to $27.00 and set an “underweight” rating for the company in a research note on Thursday, March 27th. Susquehanna lowered their target price on shares of Werner Enterprises from $39.
00 to $32.00 and set a “neutral” rating for the company in a research note on Wednesday, March 26th. Finally, The Goldman Sachs Group reduced their price target on Werner Enterprises from $36.
00 to $28.00 and set a “sell” rating on the stock in a research report on Thursday. Five research analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company’s stock.
According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $35.07.Read Our Latest Analysis on Werner EnterprisesWerner Enterprises Company Profile (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.
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