JPMorgan Chase & Co. trimmed its holdings in shares of Werner Enterprises, Inc. (NASDAQ:WERN) by 36.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,135 shares of the transportation company’s stock after selling 6,387 shares during the period. JPMorgan Chase & Co.’s holdings in Werner Enterprises were worth $401,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in WERN. Schwab Charles Investment Management Inc. boosted its position in Werner Enterprises by 9.8% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 384,727 shares of the transportation company’s stock worth $11,292,000 after purchasing an additional 34,477 shares during the period. Legal & General Group Plc boosted its position in Werner Enterprises by 19.4% in the 2nd quarter. Legal & General Group Plc now owns 36,643 shares of the transportation company’s stock valued at $1,075,000 after buying an additional 5,950 shares during the last quarter. Prudential Financial Inc. boosted its position in Werner Enterprises by 2.0% in the 2nd quarter. Prudential Financial Inc. now owns 30,595 shares of the transportation company’s stock valued at $898,000 after buying an additional 590 shares during the last quarter. Principal Financial Group Inc. boosted its position in Werner Enterprises by 4.4% in the 2nd quarter. Principal Financial Group Inc. now owns 183,031 shares of the transportation company’s stock valued at $5,372,000 after buying an additional 7,631 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its position in Werner Enterprises by 10.4% in the 2nd quarter. Wells Fargo & Company MN now owns 123,401 shares of the transportation company’s stock valued at $3,621,000 after buying an additional 11,620 shares during the last quarter. 64.71% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have weighed in on WERN shares. Wells Fargo & Co upped their price objective on shares of Werner Enterprises from $29.00 to $35.00 and gave the company a “market perform” rating in a research report on Friday, October 20th. Credit Suisse Group decreased their price objective on shares of Werner Enterprises from $35.00 to $34.00 and set a “neutral” rating for the company in a research report on Friday, October 20th. Stifel Nicolaus reissued a “hold” rating and issued a $36.00 price objective on shares of Werner Enterprises in a research report on Sunday, October 1st. Zacks Investment Research raised shares of 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. Finally, UBS Group raised shares of Werner Enterprises from a “neutral” rating to a “buy” rating and upped their price objective for the company from $37.00 to $47.00 in a research report on Friday, January 5th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $36.00.

Shares of Werner Enterprises, Inc. (NASDAQ WERN) opened at $40.55 on Thursday. The stock has a market cap of $2,930.00, a PE ratio of 35.26, a PEG ratio of 1.65 and a beta of 0.97. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.78 and a quick ratio of 1.73. Werner Enterprises, Inc. has a 12 month low of $24.20 and a 12 month high of $41.10.

Werner Enterprises (NASDAQ:WERN) last issued its earnings results on Thursday, October 19th. The transportation company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.01). The company had revenue of $528.64 million during the quarter, compared to analyst estimates of $532.48 million. Werner Enterprises had a net margin of 4.04% and a return on equity of 8.18%. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.26 EPS. sell-side analysts forecast that Werner Enterprises, Inc. will post 1.24 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Tuesday, January 2nd were paid a $0.07 dividend. The ex-dividend date of this dividend was Friday, December 29th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.69%. Werner Enterprises’s dividend payout ratio (DPR) is presently 24.35%.

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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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Institutional Ownership by Quarter for Werner Enterprises (NASDAQ:WERN)

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