US Bancorp DE Lowers Holdings in Werner Enterprises, Inc. (NASDAQ:WERN)

US Bancorp DE reduced its stake in shares of Werner Enterprises, Inc. (NASDAQ:WERN) by 59.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,960 shares of the transportation company’s stock after selling 2,816 shares during the period. US Bancorp DE’s holdings in Werner Enterprises were worth $70,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Nuance Investments LLC grew its holdings in Werner Enterprises by 24.5% during the third quarter. Nuance Investments LLC now owns 3,943,893 shares of the transportation company’s stock worth $152,195,000 after acquiring an additional 776,277 shares during the period. Allspring Global Investments Holdings LLC boosted its position in Werner Enterprises by 9.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,660,846 shares of the transportation company’s stock worth $59,010,000 after purchasing an additional 143,953 shares in the last quarter. Barclays PLC lifted its stake in shares of Werner Enterprises by 12.8% in the 3rd quarter. Barclays PLC now owns 435,447 shares of the transportation company’s stock valued at $16,804,000 after purchasing an additional 49,568 shares during the period. Congress Asset Management Co. boosted its holdings in Werner Enterprises by 11.8% during the fourth quarter. Congress Asset Management Co. now owns 413,186 shares of the transportation company’s stock worth $14,842,000 after buying an additional 43,528 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Werner Enterprises by 6.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 680,673 shares of the transportation company’s stock valued at $26,267,000 after buying an additional 43,074 shares during the period. Hedge funds and other institutional investors own 89.32% of the company’s stock.

Werner Enterprises Price Performance

WERN stock opened at $30.22 on Tuesday. Werner Enterprises, Inc. has a 1 year low of $29.26 and a 1 year high of $42.48. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.52 and a quick ratio of 1.48. The firm has a market capitalization of $1.87 billion, a PE ratio of 54.95 and a beta of 0.85. The business has a 50 day simple moving average of $34.33 and a 200-day simple moving average of $36.65.

Werner Enterprises (NASDAQ:WERN) last issued its earnings results 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 net margin of 1.13% and a return on equity of 2.27%. Equities research analysts anticipate that Werner Enterprises, Inc. will post 1.27 earnings per share for the current fiscal year.

Werner Enterprises Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Monday, April 14th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 1.85%. The ex-dividend date is Monday, April 14th. Werner Enterprises’s payout ratio is currently 101.82%.

Analysts Set New Price Targets

Several research firms have recently issued reports on WERN. StockNews.com lowered shares of Werner Enterprises from a “hold” rating to a “sell” rating in a research note on Tuesday, March 11th. Susquehanna upgraded Werner Enterprises from a “negative” rating to a “neutral” rating and set a $38.00 price target on the stock in a research report on Friday, January 3rd. Wells Fargo & Company cut their price objective on Werner Enterprises from $36.00 to $34.00 and set an “underweight” rating for the company in a research report on Friday, February 7th. Stifel Nicolaus upped their target price on Werner Enterprises from $30.00 to $35.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Werner Enterprises in a research note on Friday, March 7th. They issued a “hold” rating and a $33.00 price target on the stock. Six equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $37.00.

About Werner Enterprises

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.