Neuberger Berman Group LLC purchased a new stake in Werner Enterprises, Inc. (NASDAQ:WERN) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 6,454 shares of the transportation company’s stock, valued at approximately $236,000.
A number of other large investors also recently made changes to their positions in the business. California Public Employees Retirement System increased its position in shares of Werner Enterprises by 4.6% in the third quarter. California Public Employees Retirement System now owns 166,046 shares of the transportation company’s stock valued at $6,069,000 after buying an additional 7,346 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of Werner Enterprises in the third quarter valued at approximately $494,000. Jane Street Group LLC purchased a new stake in shares of Werner Enterprises in the third quarter valued at approximately $280,000. Graticule Asia Macro Advisors LLC purchased a new stake in shares of Werner Enterprises in the third quarter valued at approximately $5,483,000. Finally, OxFORD Asset Management LLP purchased a new stake in shares of Werner Enterprises in the third quarter valued at approximately $739,000. 64.71% of the stock is owned by institutional investors.
Shares of Werner Enterprises, Inc. (WERN) opened at $38.45 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.73 and a current ratio of 1.78. Werner Enterprises, Inc. has a 12-month low of $24.20 and a 12-month high of $39.85. The company has a market capitalization of $2,813.91, a P/E ratio of 33.43, a P/E/G ratio of 1.71 and a beta of 0.97.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Tuesday, January 2nd will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend is Friday, December 29th. Werner Enterprises’s payout ratio is currently 24.35%.
A number of analysts have recently commented on the company. Zacks Investment Research upgraded Werner Enterprises from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a research report on Tuesday, December 26th. BidaskClub upgraded Werner Enterprises from a “buy” rating to a “strong-buy” rating in a research report on Thursday, December 21st. Barclays boosted their price objective on Werner Enterprises from $25.00 to $32.00 and gave the company an “equal weight” rating in a research report on Monday, October 2nd. Stifel Nicolaus restated a “hold” rating and issued a $36.00 price objective on shares of Werner Enterprises in a research report on Sunday, October 1st. Finally, Robert W. Baird restated a “hold” rating and issued a $38.00 price objective on shares of Werner Enterprises in a research report on Friday, October 6th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $34.07.
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Werner Enterprises Company Profile
Werner Enterprises, Inc is a transportation and logistics company. The Company is engaged in transporting truckload shipments of general commodities in both interstate and intrastate commerce. It operates through two segments: Truckload and Werner Logistics. It provides logistics services through its Werner Logistics division.
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