Allianz Asset Management GmbH increased its stake in shares of Werner Enterprises, Inc. (NASDAQ:WERN) by 819.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 554,694 shares of the transportation company’s stock after acquiring an additional 494,387 shares during the quarter. Allianz Asset Management GmbH owned about 0.78% of Werner Enterprises worth $19,609,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Commonwealth Bank of Australia acquired a new position in Werner Enterprises in the third quarter valued at $162,000. Atria Investments LLC acquired a new position in Werner Enterprises in the third quarter valued at $224,000. First Citizens Bank & Trust Co. acquired a new position in Werner Enterprises in the third quarter valued at $249,000. Green Square Capital LLC acquired a new position in Werner Enterprises in the second quarter valued at $304,000. Finally, Campbell & CO Investment Adviser LLC acquired a new position in Werner Enterprises in the third quarter valued at $399,000. Hedge funds and other institutional investors own 72.93% of the company’s stock.
A number of research analysts have commented on WERN shares. Loop Capital started coverage on shares of Werner Enterprises in a research note on Monday, October 1st. They issued a “buy” rating and a $42.00 price objective on the stock. ValuEngine lowered shares of Werner Enterprises from a “hold” rating to a “sell” rating in a research note on Monday, October 8th. BidaskClub upgraded shares of Werner Enterprises from a “sell” rating to a “hold” rating in a research note on Wednesday, October 24th. Stifel Nicolaus set a $44.00 price objective on shares of Werner Enterprises and gave the company a “hold” rating in a research note on Friday, October 19th. Finally, Morgan Stanley set a $48.00 price objective on shares of Werner Enterprises and gave the company a “buy” rating in a research note on Monday, October 22nd. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $41.40.
Shares of NASDAQ:WERN opened at $31.05 on Friday. The stock has a market capitalization of $2.27 billion, a PE ratio of 24.45, a PEG ratio of 0.95 and a beta of 1.08. The company has a current ratio of 1.41, a quick ratio of 1.37 and a debt-to-equity ratio of 0.04. Werner Enterprises, Inc. has a fifty-two week low of $30.91 and a fifty-two week high of $43.95.
Werner Enterprises (NASDAQ:WERN) last issued its earnings results on Thursday, October 18th. The transportation company reported $0.66 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.06. The business had revenue of $629.70 million for the quarter, compared to the consensus estimate of $628.71 million. Werner Enterprises had a net margin of 10.71% and a return on equity of 12.34%. The business’s quarterly revenue was up 19.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.31 earnings per share. On average, equities analysts predict that Werner Enterprises, Inc. will post 2.32 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Wednesday, January 2nd will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.16%. The ex-dividend date of this dividend is Monday, December 31st. Werner Enterprises’s payout ratio is 28.35%.
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Werner Enterprises Company Profile
Werner Enterprises, Inc, a transportation and logistics company, engages in transporting truckload shipments of general commodities in interstate and intrastate commerce in the United States, Mexico, Canada, China, and Australia. It operates through two segments, Truckload Transportation Services and Werner Logistics.
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