Edgestream Partners L.P. Acquires 31,757 Shares of Werner Enterprises, Inc. (NASDAQ:WERN)

Edgestream Partners L.P. boosted its holdings in Werner Enterprises, Inc. (NASDAQ:WERN - Free Report) by 37.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 115,842 shares of the transportation company's stock after purchasing an additional 31,757 shares during the quarter. Edgestream Partners L.P. owned about 0.19% of Werner Enterprises worth $4,161,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Verition Fund Management LLC purchased a new stake in Werner Enterprises in the 3rd quarter valued at $485,000. Intech Investment Management LLC bought a new stake in Werner Enterprises in the 3rd quarter worth about $630,000. Empower Advisory Group LLC boosted its holdings in shares of Werner Enterprises by 4.8% in the 3rd quarter. Empower Advisory Group LLC now owns 362,786 shares of the transportation company's stock worth $14,000,000 after buying an additional 16,637 shares during the last quarter. Holocene Advisors LP increased its holdings in Werner Enterprises by 19.8% during the third quarter. Holocene Advisors LP now owns 98,550 shares of the transportation company's stock worth $3,803,000 after buying an additional 16,280 shares during the last quarter. Finally, Weiss Asset Management LP bought a new stake in Werner Enterprises in the third quarter worth about $1,408,000. Institutional investors and hedge funds own 89.32% of the company's stock.

Werner Enterprises Trading Up 0.1 %

Shares of WERN traded up $0.04 during trading hours on Monday, hitting $32.24. The company had a trading volume of 400,858 shares, compared to its average volume of 709,569. The stock's 50 day moving average price is $35.02 and its 200 day moving average price is $36.94. The company has a quick ratio of 1.48, a current ratio of 1.52 and a debt-to-equity ratio of 0.43. Werner Enterprises, Inc. has a 52-week low of $30.90 and a 52-week high of $42.48. The firm has a market cap of $1.99 billion, a P/E ratio of 58.53 and a beta of 0.85.

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Werner Enterprises (NASDAQ:WERN - Get Free Report) last issued its earnings results on Thursday, February 6th. The transportation company reported $0.08 earnings per share (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%. On average, research analysts predict that Werner Enterprises, Inc. will post 1.27 EPS for the current year.

Werner Enterprises Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Monday, April 14th will be issued a dividend of $0.14 per share. The ex-dividend date is Monday, April 14th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.74%. Werner Enterprises's dividend payout ratio is presently 101.82%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Wells Fargo & Company lowered their price target on shares of Werner Enterprises from $36.00 to $34.00 and set an "underweight" rating on the stock in a report on Friday, February 7th. Stifel Nicolaus upped their price target on Werner Enterprises from $30.00 to $35.00 and gave the company a "hold" rating in a research report on Thursday, January 23rd. StockNews.com raised Werner Enterprises from a "sell" rating to a "hold" rating in a report on Thursday, February 20th. Barclays dropped their price objective on shares of Werner Enterprises from $40.00 to $38.00 and set an "equal weight" rating on the stock in a report on Friday, February 7th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Werner Enterprises in a research note on Friday. They issued a "hold" rating and a $33.00 target price for the company. Five research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, Werner Enterprises has an average rating of "Hold" and an average price target of $37.00.

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.