Zurcher Kantonalbank Zurich Cantonalbank Buys 2,464 Shares of Werner Enterprises, Inc. (NASDAQ:WERN)

Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Werner Enterprises, Inc. (NASDAQ:WERN) by 31.4% during the 3rd quarter, Holdings Channel.com reports. The firm owned 10,319 shares of the transportation company’s stock after acquiring an additional 2,464 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Werner Enterprises were worth $398,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. Nuance Investments LLC grew its stake in Werner Enterprises by 24.5% in the 3rd quarter. Nuance Investments LLC now owns 3,943,893 shares of the transportation company’s stock valued at $152,195,000 after buying an additional 776,277 shares during the last quarter. Deprince Race & Zollo Inc. boosted its holdings in shares of Werner Enterprises by 37.1% during the second quarter. Deprince Race & Zollo Inc. now owns 1,665,309 shares of the transportation company’s stock worth $59,668,000 after acquiring an additional 450,522 shares during the period. Allspring Global Investments Holdings LLC grew its position in shares of Werner Enterprises by 3.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,516,893 shares of the transportation company’s stock valued at $58,537,000 after purchasing an additional 56,551 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Werner Enterprises by 15.5% during the second quarter. American Century Companies Inc. now owns 1,506,663 shares of the transportation company’s stock worth $53,984,000 after purchasing an additional 201,843 shares during the period. Finally, AQR Capital Management LLC lifted its holdings in Werner Enterprises by 65.5% during the 2nd quarter. AQR Capital Management LLC now owns 879,371 shares of the transportation company’s stock worth $31,455,000 after purchasing an additional 348,154 shares during the last quarter. Institutional investors and hedge funds own 89.32% of the company’s stock.

Werner Enterprises Stock Performance

Werner Enterprises stock opened at $39.37 on Friday. The stock has a market cap of $2.43 billion, a PE ratio of 53.93, a P/E/G ratio of 34.29 and a beta of 0.82. The company has a quick ratio of 1.49, a current ratio of 1.53 and a debt-to-equity ratio of 0.48. Werner Enterprises, Inc. has a 12-month low of $33.12 and a 12-month high of $43.26. The business’s 50-day moving average price is $38.60 and its two-hundred day moving average price is $37.43.

Werner Enterprises (NASDAQ:WERN) last released its quarterly earnings data 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). Werner Enterprises had a return on equity of 3.58% and a net margin of 1.48%. The company had revenue of $745.70 million for the quarter, compared to analyst estimates of $765.24 million. During the same quarter in the prior year, the company earned $0.42 earnings per share. Werner Enterprises’s revenue for the quarter was down 8.8% compared to the same quarter last year. As a group, analysts expect that Werner Enterprises, Inc. will post 0.68 earnings per share for the current fiscal year.

Werner Enterprises Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.42%. The ex-dividend date of this dividend is Thursday, January 2nd. Werner Enterprises’s dividend payout ratio (DPR) is 76.71%.

Analysts Set New Price Targets

WERN has been the topic of several recent research reports. Susquehanna lowered their price objective on Werner Enterprises from $30.00 to $28.00 and set a “negative” rating on the stock in a research report on Friday, November 1st. TD Cowen raised their price target on shares of Werner Enterprises from $40.00 to $41.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Evercore ISI cut their price objective on shares of Werner Enterprises from $35.00 to $32.00 and set an “in-line” rating for the company in a report on Wednesday, October 30th. Barclays increased their target price on shares of Werner Enterprises from $36.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 13th. Finally, Wells Fargo & Company cut their price target 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. 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 stock. According to MarketBeat.com, Werner Enterprises has an average rating of “Hold” and a consensus price target of $36.57.

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.