Lazard Asset Management LLC lowered its stake in Werner Enterprises, Inc. (NASDAQ:WERN – Get Rating) by 93.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 6,892 shares of the transportation company’s stock after selling 95,246 shares during the period. Lazard Asset Management LLC’s holdings in Werner Enterprises were worth $328,000 as of its most recent filing with the SEC.
Other large investors have also made changes to their positions in the company. Huntington National Bank acquired a new position in shares of Werner Enterprises during the 4th quarter worth approximately $57,000. Point72 Hong Kong Ltd grew its position in shares of Werner Enterprises by 42.0% during the 3rd quarter. Point72 Hong Kong Ltd now owns 4,299 shares of the transportation company’s stock worth $190,000 after purchasing an additional 1,271 shares in the last quarter. Versor Investments LP acquired a new position in shares of Werner Enterprises during the 4th quarter worth approximately $238,000. Crossmark Global Holdings Inc. acquired a new position in shares of Werner Enterprises during the 4th quarter worth approximately $241,000. Finally, Verition Fund Management LLC bought a new stake in shares of Werner Enterprises during the 3rd quarter worth approximately $239,000. Hedge funds and other institutional investors own 91.33% of the company’s stock.
Shares of NASDAQ WERN opened at $41.75 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.30 and a current ratio of 2.34. Werner Enterprises, Inc. has a 52-week low of $36.29 and a 52-week high of $48.96. The firm has a 50 day moving average price of $40.61 and a two-hundred day moving average price of $43.78. The stock has a market cap of $2.72 billion, a P/E ratio of 10.52, a price-to-earnings-growth ratio of 2.63 and a beta of 0.76.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 3rd. Shareholders of record on Monday, April 18th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.15%. The ex-dividend date was Thursday, April 14th. Werner Enterprises’s dividend payout ratio (DPR) is currently 12.09%.
A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. cut their price target on shares of Werner Enterprises from $47.00 to $42.00 and set a “neutral” rating for the company in a report on Friday, April 8th. Bank of America downgraded shares of Werner Enterprises from a “neutral” rating to an “underperform” rating and set a $38.00 price target for the company. in a report on Friday, April 8th. Barclays cut their price target on shares of Werner Enterprises from $55.00 to $53.00 and set an “overweight” rating for the company in a report on Friday, January 14th. Wells Fargo & Company raised shares of Werner Enterprises from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $38.00 to $46.00 in a research note on Thursday, March 24th. Finally, Susquehanna Bancshares raised shares of Werner Enterprises from a “neutral” rating to a “positive” rating and set a $46.00 price objective for the company in a research note on Tuesday, April 26th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $49.00.
Werner Enterprises Profile (Get Rating)
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, and internationally. It operates through Truckload Transportation Services and Werner Logistics segments.
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