Chesapeake Capital Corp IL Acquires New Holdings in Werner Enterprises, Inc. (NASDAQ:WERN)

Chesapeake Capital Corp IL bought a new stake in shares of Werner Enterprises, Inc. (NASDAQ:WERN - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 9,564 shares of the transportation company's stock, valued at approximately $344,000.

Several other hedge funds also recently added to or reduced their stakes in WERN. William Blair Investment Management LLC lifted its stake in shares of Werner Enterprises by 2.2% during the fourth quarter. William Blair Investment Management LLC now owns 735,695 shares of the transportation company's stock worth $26,426,000 after buying an additional 15,800 shares during the period. Cibc World Markets Corp purchased a new position in Werner Enterprises in the 4th quarter worth $207,000. First Eagle Investment Management LLC raised its stake in Werner Enterprises by 9.2% in the 4th quarter. First Eagle Investment Management LLC now owns 404,048 shares of the transportation company's stock worth $14,513,000 after acquiring an additional 34,200 shares during the last quarter. Swiss National Bank lifted its position in Werner Enterprises by 3.2% during the 4th quarter. Swiss National Bank now owns 121,500 shares of the transportation company's stock worth $4,364,000 after acquiring an additional 3,800 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in Werner Enterprises by 672.8% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 75,632 shares of the transportation company's stock valued at $2,717,000 after purchasing an additional 65,845 shares during the last quarter. 89.32% of the stock is owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

Several brokerages have recently issued reports on WERN. Barclays reduced their price objective on Werner Enterprises from $40.00 to $38.00 and set an "equal weight" rating for the company in a research note on Friday, February 7th. Wells Fargo & Company reduced their price target on shares of Werner Enterprises from $36.00 to $34.00 and set an "underweight" rating for the company in a research report on Friday, February 7th. Stifel Nicolaus upped their price objective on shares of Werner Enterprises from $30.00 to $35.00 and gave the company a "hold" rating in a report on Thursday, January 23rd. StockNews.com upgraded shares of Werner Enterprises from a "sell" rating to a "hold" rating in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Werner Enterprises in a research report on Friday, March 7th. They set a "hold" rating and a $33.00 target price for the company. Five investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $37.00.

Werner Enterprises Price Performance

NASDAQ:WERN traded up $0.32 during trading hours on Friday, hitting $29.57. 1,317,565 shares of the stock were exchanged, compared to its average volume of 725,821. The firm's fifty day moving average price is $33.88 and its 200 day moving average price is $36.45. Werner Enterprises, Inc. has a 52-week low of $28.77 and a 52-week high of $42.48. The company has a market cap of $1.83 billion, a P/E ratio of 53.76 and a beta of 0.85. The company has a current ratio of 1.52, a quick ratio of 1.48 and a debt-to-equity ratio of 0.43.

Werner Enterprises (NASDAQ:WERN - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.15). Werner Enterprises had a return on equity of 2.27% and a net margin of 1.13%. As a group, equities research analysts anticipate 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 will be paid on Wednesday, May 7th. Stockholders of record on Monday, April 14th will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date is Monday, April 14th. Werner Enterprises's dividend payout ratio (DPR) is 101.82%.

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.