Dfpg Investments LLC bought a new position in shares of Werner Enterprises, Inc. (NASDAQ:WERN – Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,106 shares of the transportation company’s stock, valued at approximately $208,000.
A number of other institutional investors and hedge funds have also recently made changes to their positions in WERN. Macquarie Group Ltd. lifted its holdings in shares of Werner Enterprises by 23.1% during the 2nd quarter. Macquarie Group Ltd. now owns 4,334,690 shares of the transportation company’s stock worth $167,059,000 after acquiring an additional 812,355 shares during the period. Nuance Investments LLC lifted its holdings in shares of Werner Enterprises by 106.4% during the 3rd quarter. Nuance Investments LLC now owns 1,455,785 shares of the transportation company’s stock worth $56,703,000 after acquiring an additional 750,562 shares during the period. Schonfeld Strategic Advisors LLC lifted its holdings in shares of Werner Enterprises by 220.6% during the 1st quarter. Schonfeld Strategic Advisors LLC now owns 846,704 shares of the transportation company’s stock worth $38,517,000 after acquiring an additional 582,604 shares during the period. Norges Bank bought a new stake in shares of Werner Enterprises during the 4th quarter worth approximately $19,974,000. Finally, Renaissance Technologies LLC lifted its holdings in shares of Werner Enterprises by 2,103.2% during the 1st quarter. Renaissance Technologies LLC now owns 400,163 shares of the transportation company’s stock worth $16,407,000 after acquiring an additional 382,000 shares during the period. Institutional investors and hedge funds own 85.10% of the company’s stock.
Werner Enterprises Price Performance
WERN stock opened at $38.26 on Friday. The company has a fifty day moving average price of $39.80 and a 200-day moving average price of $39.61. The company has a market capitalization of $2.43 billion, a P/E ratio of 21.74, a PEG ratio of 1.08 and a beta of 0.79. Werner Enterprises, Inc. has a 52-week low of $35.02 and a 52-week high of $47.27. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.87 and a current ratio of 1.92.
Werner Enterprises (NASDAQ:WERN – Get Free Report) last released its quarterly earnings results on Monday, February 5th. The transportation company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.05). The business had revenue of $821.90 million for the quarter, compared to the consensus estimate of $820.90 million. Werner Enterprises had a net margin of 3.42% and a return on equity of 8.17%. Werner Enterprises’s revenue was down 4.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.99 EPS. As a group, equities analysts expect that Werner Enterprises, Inc. will post 2.09 EPS for the current year.
Werner Enterprises Announces Dividend
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 given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.46%. The ex-dividend date of this dividend is Friday, April 12th. Werner Enterprises’s dividend payout ratio (DPR) is presently 31.82%.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on the stock. StockNews.com raised shares of Werner Enterprises from a “sell” rating to a “hold” rating in a report on Tuesday, February 27th. TD Cowen increased their price objective on shares of Werner Enterprises from $40.00 to $43.00 and gave the company an “outperform” rating in a research note on Wednesday, February 7th. Susquehanna dropped their price objective on shares of Werner Enterprises from $42.00 to $40.00 and set a “neutral” rating for the company in a research note on Wednesday, February 7th. Stifel Nicolaus downgraded shares of Werner Enterprises from a “buy” rating to a “hold” rating and dropped their price objective for the company from $45.00 to $42.00 in a research note on Thursday, February 8th. Finally, Morgan Stanley dropped their price objective on shares of Werner Enterprises from $60.00 to $59.00 and set an “overweight” rating for the company in a research note on Wednesday, February 7th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Werner Enterprises presently has an average rating of “Hold” and an average price target of $44.92.
Check Out Our Latest Analysis on WERN
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.
Further Reading
Want to see what other hedge funds are holding WERN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Werner Enterprises, Inc. (NASDAQ:WERN – Free Report).
Receive News & Ratings for Werner Enterprises Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Werner Enterprises and related companies with MarketBeat.com’s FREE daily email newsletter.
