Bank of New York Mellon Corp Increases Stock Holdings in Werner Enterprises, Inc. (NASDAQ:WERN)

Bank of New York Mellon Corp boosted its position in Werner Enterprises, Inc. (NASDAQ:WERN) by 0.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 631,665 shares of the transportation company’s stock after purchasing an additional 1,566 shares during the period. Bank of New York Mellon Corp owned about 1.02% of Werner Enterprises worth $22,689,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Handelsbanken Fonder AB lifted its position in shares of Werner Enterprises by 8.5% during the 4th quarter. Handelsbanken Fonder AB now owns 20,430 shares of the transportation company’s stock valued at $734,000 after buying an additional 1,600 shares in the last quarter. New York State Common Retirement Fund lifted its position in shares of Werner Enterprises by 3.8% during the 4th quarter. New York State Common Retirement Fund now owns 252,711 shares of the transportation company’s stock valued at $9,077,000 after buying an additional 9,219 shares in the last quarter. Empower Advisory Group LLC lifted its position in shares of Werner Enterprises by 4.5% during the 4th quarter. Empower Advisory Group LLC now owns 379,236 shares of the transportation company’s stock valued at $13,622,000 after buying an additional 16,450 shares in the last quarter. CIBC Asset Management Inc lifted its position in shares of Werner Enterprises by 4.6% during the 4th quarter. CIBC Asset Management Inc now owns 6,168 shares of the transportation company’s stock valued at $222,000 after buying an additional 274 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its position in shares of Werner Enterprises by 2.9% during the 4th quarter. Principal Financial Group Inc. now owns 299,987 shares of the transportation company’s stock valued at $10,776,000 after buying an additional 8,385 shares in the last quarter. 89.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Stifel Nicolaus lifted 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 assumed coverage on Werner Enterprises in a research report on Friday. They set a “hold” rating and a $33.00 price objective on the stock. Barclays lowered their price objective on Werner Enterprises from $40.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Friday, February 7th. StockNews.com raised Werner Enterprises from a “sell” rating to a “hold” rating in a research note on Thursday, February 20th. Finally, Wells Fargo & Company decreased their target price on Werner Enterprises from $36.00 to $34.00 and set an “underweight” rating on the stock in a research note on Friday, February 7th. Five research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $37.00.

Werner Enterprises Stock Down 0.2 %

Shares of WERN opened at $32.20 on Monday. The stock has a market capitalization of $1.99 billion, a price-to-earnings ratio of 58.55 and a beta of 0.85. Werner Enterprises, Inc. has a 1 year low of $30.90 and a 1 year high of $42.48. The business’s 50 day simple moving average is $35.02 and its 200-day simple moving average is $36.94. 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 (NASDAQ:WERN) last issued its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.15). Werner Enterprises had a return on equity of 2.27% and a net margin of 1.13%. As a group, equities analysts expect that Werner Enterprises, Inc. will post 1.27 earnings per share for the current fiscal year.

Werner Enterprises Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Monday, April 14th will be issued a dividend of $0.14 per share. The ex-dividend date is Monday, April 14th. This represents a $0.56 annualized dividend and a yield of 1.74%. Werner Enterprises’s payout ratio is presently 101.82%.

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.