Werner Enterprises, Inc. (NASDAQ:WERN) Shares Bought by First Eagle Investment Management LLC

First Eagle Investment Management LLC grew its holdings in shares of Werner Enterprises, Inc. (NASDAQ:WERN) by 9.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 404,048 shares of the transportation company’s stock after acquiring an additional 34,200 shares during the period. First Eagle Investment Management LLC’s holdings in Werner Enterprises were worth $14,513,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. CIBC Asset Management Inc grew its stake in shares of Werner Enterprises by 4.6% during the fourth quarter. CIBC Asset Management Inc now owns 6,168 shares of the transportation company’s stock valued at $222,000 after acquiring an additional 274 shares in the last quarter. Keybank National Association OH grew its stake in Werner Enterprises by 1.5% in the fourth quarter. Keybank National Association OH now owns 20,216 shares of the transportation company’s stock worth $726,000 after purchasing an additional 305 shares in the last quarter. State of New Jersey Common Pension Fund D grew its stake in Werner Enterprises by 0.7% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 53,495 shares of the transportation company’s stock worth $1,922,000 after purchasing an additional 359 shares in the last quarter. Blue Trust Inc. grew its stake in Werner Enterprises by 64.7% in the fourth quarter. Blue Trust Inc. now owns 1,308 shares of the transportation company’s stock worth $50,000 after purchasing an additional 514 shares in the last quarter. Finally, Inspire Investing LLC grew its stake in Werner Enterprises by 5.2% in the fourth quarter. Inspire Investing LLC now owns 11,144 shares of the transportation company’s stock worth $400,000 after purchasing an additional 551 shares in the last quarter. 89.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on WERN shares. StockNews.com downgraded Werner Enterprises from a “hold” rating to a “sell” rating in a research note on Tuesday. Barclays decreased their price target on Werner Enterprises from $40.00 to $38.00 and set an “equal weight” rating for the company in a research note on Friday, February 7th. Deutsche Bank Aktiengesellschaft started coverage on Werner Enterprises in a research note on Friday, March 7th. They issued a “hold” rating and a $33.00 price target for the company. Susquehanna upgraded Werner Enterprises from a “negative” rating to a “neutral” rating and set a $38.00 price target for the company in a research note on Friday, January 3rd. Finally, Stifel Nicolaus lifted their target price on Werner Enterprises from $30.00 to $35.00 and gave the company a “hold” rating in a research note on Thursday, January 23rd. Six equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $37.00.

Werner Enterprises Stock Performance

WERN opened at $29.91 on Friday. The business’s 50 day moving average is $34.46 and its 200-day moving average is $36.70. The stock has a market cap of $1.85 billion, a PE ratio of 54.38 and a beta of 0.85. The company has a current ratio of 1.52, a quick ratio of 1.48 and a debt-to-equity ratio of 0.43. Werner Enterprises, Inc. has a twelve month low of $29.26 and a twelve month high of $42.48.

Werner Enterprises (NASDAQ:WERN) last released its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.15). Werner Enterprises had a net margin of 1.13% and a return on equity of 2.27%. On average, analysts predict that Werner Enterprises, Inc. will post 1.27 earnings per share for the current year.

Werner Enterprises Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Monday, April 14th will be issued a dividend of $0.14 per share. The ex-dividend date is Monday, April 14th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.87%. Werner Enterprises’s dividend payout ratio (DPR) is presently 101.82%.

About Werner Enterprises

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.