Mackenzie Financial Corp Acquires Shares of 14,644 Werner Enterprises, Inc. (NASDAQ:WERN)

Mackenzie Financial Corp acquired a new stake in Werner Enterprises, Inc. (NASDAQ:WERN) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 14,644 shares of the transportation company’s stock, valued at approximately $620,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. State of Alaska Department of Revenue increased its holdings in shares of Werner Enterprises by 3.8% in the third quarter. State of Alaska Department of Revenue now owns 7,586 shares of the transportation company’s stock valued at $295,000 after purchasing an additional 280 shares during the last quarter. WealthPlan Investment Management LLC increased its holdings in shares of Werner Enterprises by 2.2% in the fourth quarter. WealthPlan Investment Management LLC now owns 14,295 shares of the transportation company’s stock valued at $606,000 after purchasing an additional 301 shares during the last quarter. Yousif Capital Management LLC increased its holdings in shares of Werner Enterprises by 1.1% in the third quarter. Yousif Capital Management LLC now owns 30,768 shares of the transportation company’s stock valued at $1,198,000 after purchasing an additional 325 shares during the last quarter. New York State Teachers Retirement System increased its holdings in shares of Werner Enterprises by 0.6% in the third quarter. New York State Teachers Retirement System now owns 63,319 shares of the transportation company’s stock valued at $2,466,000 after purchasing an additional 385 shares during the last quarter. Finally, Blue Trust Inc. grew its stake in shares of Werner Enterprises by 139.9% in the fourth quarter. Blue Trust Inc. now owns 703 shares of the transportation company’s stock valued at $30,000 after acquiring an additional 410 shares in the last quarter. 89.32% of the stock is currently owned by institutional investors and hedge funds.

Werner Enterprises Stock Down 0.9 %

WERN stock opened at $35.08 on Friday. The stock has a market capitalization of $2.22 billion, a P/E ratio of 19.93, a price-to-earnings-growth ratio of 1.08 and a beta of 0.78. The company has a current ratio of 1.92, a quick ratio of 1.87 and a debt-to-equity ratio of 0.42. Werner Enterprises, Inc. has a 12 month low of $34.67 and a 12 month high of $47.27. The firm has a 50-day moving average price of $38.14 and a 200-day moving average price of $39.22.

Werner Enterprises (NASDAQ:WERN) last posted its earnings results on Monday, February 5th. The transportation company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.05). The company had revenue of $821.90 million during the quarter, compared to the consensus estimate of $820.90 million. Werner Enterprises had a return on equity of 8.17% and a net margin of 3.42%. The firm’s revenue was down 4.6% compared to the same quarter last year. During the same period last year, the company posted $0.99 EPS. As a group, equities research analysts anticipate that Werner Enterprises, Inc. will post 1.91 EPS for the current fiscal year.

Werner Enterprises Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Monday, April 15th will be paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.60%. The ex-dividend date is Friday, April 12th. Werner Enterprises’s dividend payout ratio is currently 31.82%.

Wall Street Analyst Weigh In

Several research firms recently commented on WERN. Stephens restated an “overweight” rating and issued a $49.00 price target on shares of Werner Enterprises in a research note on Wednesday, February 7th. Bank of America decreased their price target on shares of Werner Enterprises from $35.00 to $34.00 and set an “underperform” rating on the stock in a research note on Monday, April 15th. StockNews.com upgraded shares of Werner Enterprises from a “sell” rating to a “hold” rating in a research note on Tuesday, February 27th. Morgan Stanley decreased their price target on shares of Werner Enterprises from $60.00 to $59.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 7th. Finally, Susquehanna decreased their price target on shares of Werner Enterprises from $40.00 to $35.00 and set a “neutral” rating on the stock in a research note on Monday, March 25th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $44.00.

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.