JPMorgan Chase & Co. Has $3.31 Million Holdings in Werner Enterprises, Inc. (NASDAQ:WERN)

JPMorgan Chase & Co. lifted its stake in shares of Werner Enterprises, Inc. (NASDAQ:WERN) by 0.7% during the third quarter, Holdings Channel.com reports. The firm owned 85,815 shares of the transportation company’s stock after buying an additional 559 shares during the period. JPMorgan Chase & Co.’s holdings in Werner Enterprises were worth $3,312,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of WERN. Tidal Investments LLC increased its stake in shares of Werner Enterprises by 21.4% in the 3rd quarter. Tidal Investments LLC now owns 13,856 shares of the transportation company’s stock valued at $535,000 after buying an additional 2,445 shares during the period. Cim Investment Management Inc. acquired a new stake in Werner Enterprises in the third quarter worth about $203,000. Wilmington Savings Fund Society FSB bought a new stake in Werner Enterprises during the 3rd quarter worth about $96,000. Barclays PLC lifted its position in Werner Enterprises by 12.8% during 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. Finally, iSAM Funds UK Ltd bought a new position in shares of Werner Enterprises in the 3rd quarter valued at about $722,000. 89.32% of the stock is owned by institutional investors.

Werner Enterprises Stock Down 2.5 %

Shares of WERN stock opened at $36.50 on Monday. Werner Enterprises, Inc. has a 12-month low of $33.12 and a 12-month high of $42.48. The company has a quick ratio of 1.49, a current ratio of 1.53 and a debt-to-equity ratio of 0.48. The firm has a fifty day moving average of $38.13 and a 200-day moving average of $37.53. 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.

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). The firm had revenue of $745.70 million for the quarter, compared to the consensus estimate of $765.24 million. Werner Enterprises had a return on equity of 3.58% and a net margin of 1.48%. Werner Enterprises’s revenue for the quarter was down 8.8% on a year-over-year basis. During the same quarter last year, the company posted $0.42 EPS. As a group, equities research analysts predict that Werner Enterprises, Inc. will post 0.68 earnings per share for the current fiscal year.

Werner Enterprises Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on WERN shares. TD Cowen boosted their price target on shares of Werner Enterprises from $40.00 to $41.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Evercore ISI dropped their target price on shares of Werner Enterprises from $35.00 to $32.00 and set an “in-line” rating for the company in a research report on Wednesday, October 30th. Stifel Nicolaus reduced their price target on Werner Enterprises from $32.00 to $30.00 and set a “hold” rating on the stock in a research report on Wednesday, January 15th. Susquehanna upgraded Werner Enterprises from a “negative” rating to a “neutral” rating and set a $38.00 price objective for the company in a report on Friday, January 3rd. Finally, JPMorgan Chase & Co. reduced their target price on Werner Enterprises from $37.00 to $34.00 and set an “underweight” rating on the stock in a report on Wednesday, October 30th. Six equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $37.14.

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.