Werner Enterprises, Inc. (NASDAQ:WERN) Shares Acquired by KBC Group NV

KBC Group NV increased its position in Werner Enterprises, Inc. (NASDAQ:WERN) by 43.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,071 shares of the transportation company’s stock after buying an additional 624 shares during the quarter. KBC Group NV’s holdings in Werner Enterprises were worth $80,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in WERN. Massmutual Trust Co. FSB ADV raised its holdings in shares of Werner Enterprises by 390.1% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 740 shares of the transportation company’s stock worth $27,000 after purchasing an additional 589 shares during the period. 1620 Investment Advisors Inc. purchased a new stake in shares of Werner Enterprises during the 2nd quarter worth about $29,000. Canada Pension Plan Investment Board acquired a new stake in Werner Enterprises during the 2nd quarter worth approximately $29,000. Quest Partners LLC purchased a new position in Werner Enterprises in the second quarter valued at approximately $30,000. Finally, GAMMA Investing LLC lifted its position in Werner Enterprises by 145.7% during the third quarter. GAMMA Investing LLC now owns 801 shares of the transportation company’s stock valued at $31,000 after buying an additional 475 shares in the last quarter. Institutional investors and hedge funds own 89.32% of the company’s stock.

Werner Enterprises Trading Up 1.6 %

WERN opened at $39.93 on Friday. Werner Enterprises, Inc. has a 12-month low of $33.12 and a 12-month high of $43.26. 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 stock has a market capitalization of $2.47 billion, a PE ratio of 54.70, a P/E/G ratio of 33.21 and a beta of 0.80. The firm’s fifty day moving average price is $38.04 and its 200 day moving average price is $37.22.

Werner Enterprises (NASDAQ:WERN) last issued 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 company had revenue of $745.70 million during the quarter, compared to analyst estimates of $765.24 million. Werner Enterprises had a net margin of 1.48% and a return on equity of 3.58%. The business’s revenue for the quarter was down 8.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.42 EPS. As a group, research analysts expect that Werner Enterprises, Inc. will post 0.69 EPS for the current fiscal year.

Werner Enterprises Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date of this dividend is Thursday, January 2nd. Werner Enterprises’s dividend payout ratio is presently 76.71%.

Wall Street Analysts Forecast Growth

WERN has been the topic of a number of research reports. TD Cowen raised their target price on shares of Werner Enterprises from $40.00 to $41.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Stephens cut their price objective on Werner Enterprises from $40.00 to $36.00 and set an “equal weight” rating on the stock in a research report on Monday, August 5th. Evercore ISI decreased their target price on 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. Wells Fargo & Company lowered their target price on Werner Enterprises from $38.00 to $35.00 and set an “underweight” rating for the company in a research note on Wednesday, October 30th. Finally, Citigroup started coverage on Werner Enterprises in a research report on Wednesday, October 9th. They set a “sell” rating and a $34.00 price target on the stock. Seven equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $36.57.

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.