AlphaQuest LLC Buys 10,396 Shares of Werner Enterprises, Inc. (NASDAQ:WERN)

AlphaQuest LLC raised its stake in shares of Werner Enterprises, Inc. (NASDAQ:WERN - Free Report) by 68.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,694 shares of the transportation company's stock after acquiring an additional 10,396 shares during the quarter. AlphaQuest LLC's holdings in Werner Enterprises were worth $923,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in WERN. Blue Trust Inc. grew its position in shares of Werner Enterprises by 64.7% during the 4th quarter. Blue Trust Inc. now owns 1,308 shares of the transportation company's stock valued at $50,000 after buying an additional 514 shares during the last quarter. KBC Group NV grew its holdings in shares of Werner Enterprises by 43.1% during the third quarter. KBC Group NV now owns 2,071 shares of the transportation company's stock valued at $80,000 after purchasing an additional 624 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Werner Enterprises during the 3rd quarter worth approximately $96,000. SG Americas Securities LLC lifted its holdings in shares of Werner Enterprises by 59.1% in the 4th quarter. SG Americas Securities LLC now owns 4,187 shares of the transportation company's stock worth $150,000 after purchasing an additional 1,555 shares during the last quarter. Finally, US Bancorp DE boosted its position in Werner Enterprises by 271.1% during the 3rd quarter. US Bancorp DE now owns 4,776 shares of the transportation company's stock valued at $184,000 after purchasing an additional 3,489 shares during the period. 89.32% of the stock is owned by institutional investors and hedge funds.

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Werner Enterprises Stock Performance

WERN traded up $0.45 during midday trading on Friday, reaching $29.91. The company's stock had a trading volume of 958,968 shares, compared to its average volume of 718,775. Werner Enterprises, Inc. has a twelve month low of $29.26 and a twelve month high of $42.48. The company has a current ratio of 1.52, a quick ratio of 1.48 and a debt-to-equity ratio of 0.43. The stock has a market cap of $1.85 billion, a P/E ratio of 54.38 and a beta of 0.85. The company has a fifty day simple moving average of $34.72 and a 200 day simple moving average of $36.81.

Werner Enterprises (NASDAQ:WERN - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.08 earnings per share for the quarter, missing analysts' consensus estimates of $0.23 by ($0.15). Werner Enterprises had a net margin of 1.13% and a return on equity of 2.27%. Research analysts expect that Werner Enterprises, Inc. will post 1.27 earnings per share for the current year.

Werner Enterprises Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Monday, April 14th will be paid a dividend of $0.14 per share. The ex-dividend date is Monday, April 14th. This represents a $0.56 annualized dividend and a yield of 1.87%. Werner Enterprises's dividend payout ratio is 101.82%.

Analysts Set New Price Targets

Several equities research analysts have commented on WERN shares. StockNews.com lowered shares of Werner Enterprises from a "hold" rating to a "sell" rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft began coverage on Werner Enterprises in a research report on Friday, March 7th. They issued a "hold" rating and a $33.00 target price on the stock. Barclays reduced their price target on Werner Enterprises from $40.00 to $38.00 and set an "equal weight" rating for the company in a research report on Friday, February 7th. Wells Fargo & Company lowered their price target on Werner Enterprises from $36.00 to $34.00 and set an "underweight" rating on the stock in a report on Friday, February 7th. Finally, Stifel Nicolaus upped their price objective on shares of Werner Enterprises from $30.00 to $35.00 and gave the stock a "hold" rating in a report on Thursday, January 23rd. Six research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $37.00.

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.