Stifel has maintained its Buy recommendation on Werner Enterprises (NASDAQ:WERN) as of May 23, 2023, according to Fintel. This recommendation is supported by the average one-year price target for Werner Enterprises, which is 52.08 as of May 11, 2023. The average price targets represent a 15.69% increase from its latest closing price of 45.02.
In addition, the company declared a regular quarterly dividend of $0.14 per share ($0.56 annualized) to shareholders of record as of July 3, 2023. At the current share price of $45.02/share, the stock’s dividend yield is 1.24%. The current dividend yield is 1.39 standard deviations above the historical average.
Werner Enterprises is a leading transportation and logistics company that has coverage throughout North America, Asia, Europe, South America, Africa, and Australia. The company offers a diversified portfolio of transportation services, including dedicated, medium-to-long-haul, regional and expedited van, temperature-controlled, truck brokerage, freight management, intermodal, international, and final mile services. International services are provided through Werner’s domestic and global subsidiary companies and include ocean, air and ground transportation, freight forwarding, and customs brokerage.
As of March 31, 2023, there were 643 funds or institutions holding positions in Werner Enterprises, which was a decrease of eight owners or 1.23% in the last quarter. The average portfolio weight of all funds dedicated to WERN is 0.16%. The total shares owned by institutions increased in the last three months by 1.38% to 68,865K shares. Victory Capital Management, Lsv Asset Management, and Victory Sycamore Small Company Opportunity Fund are among the top shareholders of Werner Enterprises.
In conclusion, Stifel’s recommendation to Buy Werner Enterprises is supported by strong fundamentals, a positive outlook, and an attractive dividend yield. Investors may consider owning WERN as a potential addition to their diversified investment portfolio.
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This story originally appeared on Fintel.
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