Werner Enterprises, Inc. $WERN Shares Acquired by Deprince Race & Zollo Inc.

Deprince Race & Zollo Inc. grew its stake in Werner Enterprises, Inc. (NASDAQ:WERN) by 11.1% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 3,055,017 shares of the transportation company’s stock after acquiring an additional 304,983 shares during the period. Werner Enterprises comprises 1.7% of Deprince Race & Zollo Inc.’s investment portfolio, making the stock its 2nd biggest holding. Deprince Race & Zollo Inc. owned approximately 0.05% of Werner Enterprises worth $89,848,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Royal Bank of Canada increased its holdings in Werner Enterprises by 33.8% in the 1st quarter. Royal Bank of Canada now owns 21,660 shares of the transportation company’s stock valued at $635,000 after purchasing an additional 5,473 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Werner Enterprises by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 36,697 shares of the transportation company’s stock worth $1,075,000 after buying an additional 1,598 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Werner Enterprises by 0.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 126,854 shares of the transportation company’s stock worth $3,717,000 after buying an additional 401 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Werner Enterprises by 24.5% in the second quarter. JPMorgan Chase & Co. now owns 76,767 shares of the transportation company’s stock valued at $2,100,000 after buying an additional 15,109 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its stake in shares of Werner Enterprises by 159.6% in the second quarter. Arrowstreet Capital Limited Partnership now owns 226,085 shares of the transportation company’s stock valued at $6,186,000 after buying an additional 138,995 shares in the last quarter. 89.32% of the stock is currently owned by institutional investors and hedge funds.

Werner Enterprises Stock Performance

Shares of Werner Enterprises stock opened at $43.82 on Thursday. The business has a 50-day simple moving average of $39.55 and a 200-day simple moving average of $34.65. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.43 and a current ratio of 1.46. Werner Enterprises, Inc. has a one year low of $23.06 and a one year high of $45.27. The company has a market cap of $2.63 billion, a PE ratio of -292.13, a P/E/G ratio of 0.92 and a beta of 1.26.

Werner Enterprises (NASDAQ:WERN) last issued its earnings results on Tuesday, April 28th. The transportation company reported $0.02 earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.05. Werner Enterprises had a negative net margin of 0.28% and a positive return on equity of 0.66%. The firm had revenue of $730.14 million for the quarter, compared to analysts’ expectations of $812.50 million. During the same quarter last year, the company earned ($0.12) earnings per share. The firm’s revenue was up 13.6% compared to the same quarter last year. On average, equities research analysts forecast that Werner Enterprises, Inc. will post 0.94 EPS for the current fiscal year.

Werner Enterprises Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Monday, July 6th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Monday, July 6th. Werner Enterprises’s payout ratio is -373.33%.

Analysts Set New Price Targets

WERN has been the topic of several research reports. UBS Group increased their target price on Werner Enterprises from $33.00 to $37.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 29th. Weiss Ratings raised Werner Enterprises from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, April 29th. Susquehanna boosted their price target on shares of Werner Enterprises from $38.00 to $47.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 2nd. Robert W. Baird increased their price target on shares of Werner Enterprises from $39.00 to $43.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 17th. Finally, The Goldman Sachs Group raised their price objective on shares of Werner Enterprises from $43.00 to $48.00 and gave the company a “buy” rating in a research note on Tuesday, June 23rd. Two investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Werner Enterprises has a consensus rating of “Reduce” and a consensus price target of $37.77.

About Werner Enterprises

Werner Enterprises, Inc, founded in 1956 by Clarence L. “Chris” Werner, is a leading transportation and logistics provider based in Omaha, Nebraska. The company began as a one?truck operation and has since grown into one of North America’s largest carriers, offering an array of services to support diverse supply chains.

Werner’s core business activities include full truckload dry van services, dedicated contract carriage, intermodal transport and brokerage solutions. The company also provides value-added services such as warehousing, freight management and fleet maintenance through its network of terminals and service centers.