Werner Enterprises, Inc. (NASDAQ:WERN) Shares Acquired by Massmutual Trust Co. FSB ADV

Massmutual Trust Co. FSB ADV lifted its stake in Werner Enterprises, Inc. (NASDAQ:WERN) by 390.1% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 740 shares of the transportation company’s stock after buying an additional 589 shares during the quarter. Massmutual Trust Co. FSB ADV’s holdings in Werner Enterprises were worth $27,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Jade Capital Advisors LLC purchased a new stake in Werner Enterprises in the 4th quarter worth approximately $2,118,000. First Eagle Investment Management LLC boosted its holdings in Werner Enterprises by 34.9% during the first quarter. First Eagle Investment Management LLC now owns 327,948 shares of the transportation company’s stock worth $12,829,000 after buying an additional 84,800 shares in the last quarter. Congress Asset Management Co. MA grew its position in Werner Enterprises by 14.8% during the first quarter. Congress Asset Management Co. MA now owns 305,501 shares of the transportation company’s stock valued at $11,951,000 after buying an additional 39,445 shares during the period. Norden Group LLC increased its holdings in Werner Enterprises by 1,048.4% in the first quarter. Norden Group LLC now owns 91,312 shares of the transportation company’s stock valued at $3,572,000 after buying an additional 83,361 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Werner Enterprises in the fourth quarter worth about $8,855,000. 89.32% of the stock is owned by institutional investors and hedge funds.

Werner Enterprises Stock Performance

WERN opened at $37.25 on Wednesday. Werner Enterprises, Inc. has a twelve month low of $33.12 and a twelve month high of $46.65. The firm has a market capitalization of $2.36 billion, a PE ratio of 28.44, a PEG ratio of 6.43 and a beta of 0.80. The company has a current ratio of 1.69, a quick ratio of 1.85 and a debt-to-equity ratio of 0.45. The firm’s 50-day moving average price is $36.61 and its 200 day moving average price is $37.71.

Werner Enterprises (NASDAQ:WERN) last issued its earnings results on Tuesday, July 30th. The transportation company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.03). The company had revenue of $760.80 million for the quarter, compared to analyst estimates of $769.81 million. Werner Enterprises had a return on equity of 4.70% and a net margin of 1.99%. The company’s revenue for the quarter was down 6.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.52 earnings per share. As a group, sell-side analysts expect that Werner Enterprises, Inc. will post 1 EPS for the current fiscal year.

Werner Enterprises Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 17th. Shareholders of record on Monday, July 1st were issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 1.50%. The ex-dividend date was Monday, July 1st. Werner Enterprises’s payout ratio is currently 42.75%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on WERN. Evercore ISI dropped their target price on Werner Enterprises from $35.00 to $33.00 and set an “in-line” rating on the stock in a research report on Tuesday, June 25th. Stifel Nicolaus dropped their price objective on Werner Enterprises from $39.00 to $33.00 and set a “hold” rating on the stock in a report on Thursday, August 1st. Robert W. Baird reduced their target price on Werner Enterprises from $46.00 to $42.00 and set an “outperform” rating for the company in a research note on Wednesday, May 1st. UBS Group cut shares of Werner Enterprises from a “buy” rating to a “neutral” rating and set a $39.00 price target on the stock. in a research note on Tuesday, July 9th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Werner Enterprises from $32.00 to $37.00 and gave the stock an “underweight” rating in a report on Wednesday, July 31st. Five research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $38.62.

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.