Natixis Advisors LLC Purchases New Shares in Werner Enterprises, Inc. $WERN

Natixis Advisors LLC purchased a new stake in Werner Enterprises, Inc. (NASDAQ:WERN) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 212,281 shares of the transportation company’s stock, valued at approximately $6,370,000. Natixis Advisors LLC owned 0.35% of Werner Enterprises as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Vaughan Nelson Investment Management L.P. purchased a new position in Werner Enterprises in the 4th quarter valued at $34,201,000. American Century Companies Inc. lifted its holdings in Werner Enterprises by 5.4% in the 3rd quarter. American Century Companies Inc. now owns 2,404,508 shares of the transportation company’s stock valued at $63,287,000 after purchasing an additional 123,513 shares in the last quarter. WINTON GROUP Ltd purchased a new position in Werner Enterprises in the 3rd quarter valued at $4,062,000. Deprince Race & Zollo Inc. lifted its holdings in Werner Enterprises by 4.6% in the 4th quarter. Deprince Race & Zollo Inc. now owns 2,750,034 shares of the transportation company’s stock valued at $82,529,000 after purchasing an additional 120,343 shares in the last quarter. Finally, Vestcor Inc lifted its holdings in Werner Enterprises by 384.9% in the 3rd quarter. Vestcor Inc now owns 191,861 shares of the transportation company’s stock valued at $5,050,000 after purchasing an additional 152,296 shares in the last quarter. Institutional investors and hedge funds own 89.32% of the company’s stock.

Werner Enterprises Stock Up 2.4%

NASDAQ WERN opened at $44.51 on Tuesday. Werner Enterprises, Inc. has a 52 week low of $23.06 and a 52 week high of $44.75. The company has a quick ratio of 1.43, a current ratio of 1.46 and a debt-to-equity ratio of 0.66. The business’s fifty day simple moving average is $35.72 and its 200-day simple moving average is $32.80. The firm has a market cap of $2.67 billion, a PE ratio of -296.73, a P/E/G ratio of 0.92 and a beta of 1.26.

Werner Enterprises (NASDAQ:WERN) last posted its quarterly earnings results on Tuesday, April 28th. The transportation company reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.03) by $0.05. Werner Enterprises had a positive return on equity of 0.66% and a negative net margin of 0.28%.The business had revenue of $730.14 million for the quarter, compared to analyst estimates of $812.50 million. During the same quarter in the previous year, the firm earned ($0.12) EPS. The company’s quarterly revenue was up 13.6% compared to the same quarter last year. As a group, equities analysts anticipate that Werner Enterprises, Inc. will post 0.94 earnings per share for the current year.

Werner Enterprises Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Monday, July 6th will be issued 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 is Monday, July 6th. Werner Enterprises’s payout ratio is currently -373.33%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on WERN shares. Wall Street Zen upgraded Werner Enterprises from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Zacks Research upgraded Werner Enterprises from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 6th. Susquehanna raised their price objective on Werner Enterprises from $38.00 to $47.00 and gave the company a “neutral” rating in a report on Tuesday, June 2nd. JPMorgan Chase & Co. raised their price objective on Werner Enterprises from $30.00 to $34.00 and gave the company an “underweight” rating in a report on Wednesday, April 29th. Finally, Citigroup raised their price objective on Werner Enterprises from $34.00 to $37.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. One analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $36.17.

Werner Enterprises Company Profile

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.