PNC Financial Services Group Inc. Has $377,000 Stake in Werner Enterprises, Inc. (NASDAQ:WERN)

PNC Financial Services Group Inc. boosted its stake in shares of Werner Enterprises, Inc. (NASDAQ:WERN) by 16.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,892 shares of the transportation company’s stock after buying an additional 1,245 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Werner Enterprises were worth $377,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Northern Trust Corp boosted its holdings in Werner Enterprises by 0.5% in the third quarter. Northern Trust Corp now owns 869,318 shares of the transportation company’s stock valued at $33,860,000 after acquiring an additional 4,570 shares during the last quarter. Trexquant Investment LP acquired a new stake in shares of Werner Enterprises during the third quarter worth $318,000. Qube Research & Technologies Ltd raised its stake in Werner Enterprises by 107.6% during the third quarter. Qube Research & Technologies Ltd now owns 74,547 shares of the transportation company’s stock worth $2,904,000 after buying an additional 38,635 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in Werner Enterprises by 385.2% in the third quarter. Tower Research Capital LLC TRC now owns 28,435 shares of the transportation company’s stock valued at $1,108,000 after buying an additional 22,575 shares during the period. Finally, Teza Capital Management LLC boosted its position in Werner Enterprises by 166.0% during the third quarter. Teza Capital Management LLC now owns 16,372 shares of the transportation company’s stock valued at $638,000 after acquiring an additional 10,216 shares during the last quarter. Institutional investors own 89.32% of the company’s stock.

Werner Enterprises Stock Performance

Shares of Werner Enterprises stock opened at $35.83 on Friday. Werner Enterprises, Inc. has a 52 week low of $33.12 and a 52 week high of $47.27. The company has a quick ratio of 1.85, a current ratio of 1.90 and a debt-to-equity ratio of 0.39. The business has a 50 day moving average price of $36.37 and a 200-day moving average price of $38.60. The company has a market cap of $2.27 billion, a PE ratio of 27.35, a price-to-earnings-growth ratio of 2.93 and a beta of 0.83.

Werner Enterprises (NASDAQ:WERN) last released its quarterly earnings results on Tuesday, April 30th. The transportation company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.14). Werner Enterprises had a net margin of 2.59% and a return on equity of 6.15%. The company had revenue of $769.08 million during the quarter, compared to analysts’ expectations of $788.30 million. During the same period in the previous year, the company posted $0.60 earnings per share. The company’s quarterly revenue was down 7.6% compared to the same quarter last year. Equities analysts anticipate that Werner Enterprises, Inc. will post 1.35 earnings per share for the current fiscal year.

Werner Enterprises Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 17th. Investors of record on Monday, July 1st will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 1.56%. The ex-dividend date is Monday, July 1st. Werner Enterprises’s dividend payout ratio (DPR) is presently 42.75%.

Wall Street Analyst Weigh In

WERN has been the subject of several research analyst reports. Stifel Nicolaus lowered their price objective on Werner Enterprises from $42.00 to $39.00 and set a “hold” rating for the company in a research report on Thursday, April 18th. JPMorgan Chase & Co. dropped their price target on Werner Enterprises from $37.00 to $36.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 1st. Wells Fargo & Company initiated coverage on shares of Werner Enterprises in a research report on Friday, June 7th. They set an “underweight” rating and a $38.00 price objective for the company. Evercore ISI dropped their target price on shares of Werner Enterprises from $35.00 to $33.00 and set an “in-line” rating on the stock in a research report on Tuesday. Finally, Bank of America reduced their price target on shares of Werner Enterprises from $35.00 to $34.00 and set an “underperform” rating for the company in a report on Monday, April 15th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Werner Enterprises currently has an average rating of “Hold” and an average target price of $39.25.

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.