Swiss National Bank Raises Position in Werner Enterprises, Inc. (NASDAQ:WERN)

Swiss National Bank grew its stake in Werner Enterprises, Inc. (NASDAQ:WERN) by 3.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 121,500 shares of the transportation company’s stock after purchasing an additional 3,800 shares during the period. Swiss National Bank owned approximately 0.20% of Werner Enterprises worth $4,364,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC lifted its holdings in shares of 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 acquiring an additional 143,953 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Werner Enterprises by 3.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 704,171 shares of the transportation company’s stock worth $25,294,000 after purchasing an additional 23,498 shares during the last quarter. Barclays PLC boosted its position in shares of Werner Enterprises by 12.8% during the third quarter. Barclays PLC now owns 435,447 shares of the transportation company’s stock valued at $16,804,000 after buying an additional 49,568 shares during the period. Congress Asset Management Co. grew its stake in shares of Werner Enterprises by 11.8% during the fourth quarter. Congress Asset Management Co. now owns 413,186 shares of the transportation company’s stock valued at $14,842,000 after buying an additional 43,528 shares during the last quarter. Finally, Empower Advisory Group LLC raised its holdings in shares of Werner Enterprises by 4.5% in the fourth quarter. Empower Advisory Group LLC now owns 379,236 shares of the transportation company’s stock worth $13,622,000 after buying an additional 16,450 shares during the period. Hedge funds and other institutional investors own 89.32% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on WERN. Deutsche Bank Aktiengesellschaft began coverage on Werner Enterprises in a research report on Friday, March 7th. They issued a “hold” rating and a $33.00 price objective on the stock. Barclays reduced their price target on shares of Werner Enterprises from $40.00 to $38.00 and set an “equal weight” rating on the stock in a research note on Friday, February 7th. StockNews.com raised shares of Werner Enterprises from a “sell” rating to a “hold” rating in a research report on Wednesday, March 19th. Wells Fargo & Company reduced their target price on shares of Werner Enterprises from $36.00 to $34.00 and set an “underweight” rating on the stock in a research report on Friday, February 7th. Finally, Susquehanna upgraded Werner Enterprises from a “negative” rating to a “neutral” rating and set a $38.00 price target for the company in a report on Friday, January 3rd. Five research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $37.00.

Werner Enterprises Trading Down 0.5 %

NASDAQ:WERN opened at $29.97 on Wednesday. The stock has a market capitalization of $1.85 billion, a price-to-earnings ratio of 54.49 and a beta of 0.85. Werner Enterprises, Inc. has a 52 week low of $28.77 and a 52 week high of $42.48. The company has a quick ratio of 1.48, a current ratio of 1.52 and a debt-to-equity ratio of 0.43. The firm has a 50 day moving average of $33.67 and a 200 day moving average of $36.36.

Werner Enterprises (NASDAQ:WERN) last issued its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.08 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%. As a group, sell-side analysts anticipate that Werner Enterprises, Inc. will post 1.27 earnings per share for the current fiscal year.

Werner Enterprises Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Monday, April 14th will be paid a dividend of $0.14 per share. The ex-dividend date is Monday, April 14th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.87%. Werner Enterprises’s payout ratio is 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.