Deprince Race & Zollo Inc. Has $76.21 Million Stake in Werner Enterprises, Inc. (NASDAQ:WERN)

Deprince Race & Zollo Inc. lifted its position in shares of Werner Enterprises, Inc. (NASDAQ:WERN) by 0.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,121,696 shares of the transportation company’s stock after purchasing an additional 19,370 shares during the quarter. Werner Enterprises accounts for 1.5% of Deprince Race & Zollo Inc.’s portfolio, making the stock its 5th largest position. Deprince Race & Zollo Inc. owned approximately 3.43% of Werner Enterprises worth $76,211,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the company. Allspring Global Investments Holdings LLC boosted its position in Werner Enterprises by 9.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,660,846 shares of the transportation company’s stock valued at $59,010,000 after purchasing an additional 143,953 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Werner Enterprises by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 6,730,457 shares of the transportation company’s stock valued at $241,758,000 after acquiring an additional 32,228 shares during the period. Barclays PLC lifted its stake in Werner Enterprises by 12.8% in the 3rd quarter. Barclays PLC now owns 435,447 shares of the transportation company’s stock valued at $16,804,000 after purchasing an additional 49,568 shares during the last quarter. Atria Investments Inc raised its stake in Werner Enterprises by 16.3% in the fourth quarter. Atria Investments Inc now owns 9,479 shares of the transportation company’s stock valued at $340,000 after buying an additional 1,329 shares during the period. Finally, Cibc World Markets Corp bought a new stake in Werner Enterprises in the 4th quarter valued at $207,000. Institutional investors own 89.32% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Barclays reduced their target price on shares of Werner Enterprises from $32.00 to $28.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 30th. Citigroup raised shares of Werner Enterprises from a “sell” rating to a “neutral” rating and decreased their price objective for the company from $32.00 to $29.00 in a research note on Tuesday, April 8th. Stifel Nicolaus dropped their price objective on Werner Enterprises from $29.00 to $24.00 and set a “hold” rating for the company in a research report on Thursday, May 1st. Susquehanna reduced their price target on shares of Werner Enterprises from $32.00 to $23.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 30th. Finally, Wells Fargo & Company cut their target price on shares of Werner Enterprises from $27.00 to $24.00 and set an “underweight” rating on the stock in a research report on Wednesday, April 30th. Five equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Werner Enterprises presently has a consensus rating of “Hold” and an average target price of $29.69.

Werner Enterprises Stock Up 0.5 %

WERN stock opened at $25.30 on Thursday. The company has a quick ratio of 1.48, a current ratio of 1.52 and a debt-to-equity ratio of 0.43. The business has a 50 day moving average of $28.76 and a 200 day moving average of $34.28. Werner Enterprises, Inc. has a twelve month low of $23.02 and a twelve month high of $42.48. The firm has a market cap of $1.57 billion, a PE ratio of 46.01 and a beta of 1.09.

Werner Enterprises (NASDAQ:WERN) last announced its quarterly earnings results on Tuesday, April 29th. The transportation company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.24). Werner Enterprises had a net margin of 1.13% and a return on equity of 2.27%. The firm had revenue of $712.11 million for the quarter, compared to the consensus estimate of $738.41 million. During the same period last year, the business earned $0.14 EPS. Werner Enterprises’s revenue was down 7.4% on a year-over-year basis. On average, research analysts forecast that Werner Enterprises, Inc. will post 1.27 EPS for the current fiscal year.

Werner Enterprises Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 7th. Investors of record on Monday, April 14th were given a dividend of $0.14 per share. The ex-dividend date was Monday, April 14th. This represents a $0.56 annualized dividend and a yield of 2.21%. Werner Enterprises’s dividend payout ratio (DPR) is 193.10%.

Werner Enterprises Company Profile

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.