Werner Enterprises, Inc. (NASDAQ:WERN) Holdings Increased by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its stake in Werner Enterprises, Inc. (NASDAQ:WERN) by 0.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,815 shares of the transportation company’s stock after acquiring an additional 559 shares during the period. JPMorgan Chase & Co. owned approximately 0.14% of Werner Enterprises worth $3,312,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Nuance Investments LLC boosted its stake in Werner Enterprises by 24.5% during the 3rd quarter. Nuance Investments LLC now owns 3,943,893 shares of the transportation company’s stock valued at $152,195,000 after purchasing an additional 776,277 shares in the last quarter. Deprince Race & Zollo Inc. lifted its holdings in shares of Werner Enterprises by 37.1% in the second quarter. Deprince Race & Zollo Inc. now owns 1,665,309 shares of the transportation company’s stock valued at $59,668,000 after buying an additional 450,522 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in Werner Enterprises by 3.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,516,893 shares of the transportation company’s stock valued at $58,537,000 after buying an additional 56,551 shares in the last quarter. AQR Capital Management LLC grew its holdings in Werner Enterprises by 65.5% during the second quarter. AQR Capital Management LLC now owns 879,371 shares of the transportation company’s stock worth $31,455,000 after acquiring an additional 348,154 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in Werner Enterprises by 6.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 680,673 shares of the transportation company’s stock worth $26,267,000 after acquiring an additional 43,074 shares in the last quarter. Institutional investors and hedge funds own 89.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. TD Cowen raised their price objective on shares of Werner Enterprises from $40.00 to $41.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Stifel Nicolaus reduced their target price on shares of Werner Enterprises from $32.00 to $30.00 and set a “hold” rating for the company in a report on Wednesday, January 15th. Wells Fargo & Company dropped their price target on Werner Enterprises from $38.00 to $35.00 and set an “underweight” rating on the stock in a report on Wednesday, October 30th. The Goldman Sachs Group reduced their price objective on Werner Enterprises from $37.00 to $33.00 and set a “sell” rating for the company in a research note on Wednesday, October 9th. Finally, Morgan Stanley cut their target price on Werner Enterprises from $55.00 to $52.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 30th. Six research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $37.14.

Werner Enterprises Price Performance

Shares of WERN opened at $36.50 on Monday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.53 and a quick ratio of 1.49. The company has a market capitalization of $2.26 billion, a price-to-earnings ratio of 50.00, a P/E/G ratio of 13.73 and a beta of 0.84. The business’s 50-day moving average is $38.13 and its 200-day moving average is $37.53. Werner Enterprises, Inc. has a fifty-two week low of $33.12 and a fifty-two week high of $42.48.

Werner Enterprises (NASDAQ:WERN) last released its earnings results on Tuesday, October 29th. The transportation company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.06). Werner Enterprises had a return on equity of 3.58% and a net margin of 1.48%. The company had revenue of $745.70 million during the quarter, compared to analysts’ expectations of $765.24 million. During the same quarter in the previous year, the company earned $0.42 EPS. The firm’s quarterly revenue was down 8.8% compared to the same quarter last year. Equities research analysts expect that Werner Enterprises, Inc. will post 0.68 EPS for the current fiscal year.

Werner Enterprises Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd were given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 1.53%. The ex-dividend date was Thursday, January 2nd. Werner Enterprises’s payout ratio is currently 76.71%.

Werner Enterprises 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.