Jane Street Group LLC Has $4.24 Million Stock Holdings in Werner Enterprises, Inc. (NASDAQ:WERN)

Jane Street Group LLC decreased its position in Werner Enterprises, Inc. (NASDAQ:WERN - Free Report) by 45.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 109,764 shares of the transportation company's stock after selling 91,528 shares during the period. Jane Street Group LLC owned about 0.18% of Werner Enterprises worth $4,236,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Nuance Investments LLC raised its stake in shares of Werner Enterprises by 24.5% in the third quarter. Nuance Investments LLC now owns 3,943,893 shares of the transportation company's stock valued at $152,195,000 after purchasing an additional 776,277 shares in the last quarter. Deprince Race & Zollo Inc. raised its stake in shares of Werner Enterprises by 37.1% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 1,665,309 shares of the transportation company's stock valued at $59,668,000 after buying an additional 450,522 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of Werner Enterprises by 65.5% during the 2nd quarter. AQR Capital Management LLC now owns 879,371 shares of the transportation company's stock worth $31,455,000 after acquiring an additional 348,154 shares during the period. American Century Companies Inc. lifted its holdings in shares of Werner Enterprises by 15.5% during the 2nd quarter. American Century Companies Inc. now owns 1,506,663 shares of the transportation company's stock worth $53,984,000 after acquiring an additional 201,843 shares during the period. Finally, Public Sector Pension Investment Board acquired a new stake in shares of Werner Enterprises during the 2nd quarter valued at about $5,000,000. Institutional investors own 89.32% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. lowered their price objective on Werner Enterprises from $37.00 to $34.00 and set an "underweight" rating on the stock in a research note on Wednesday, October 30th. Evercore ISI lowered their price target on Werner Enterprises from $35.00 to $32.00 and set an "in-line" rating on the stock in a research report on Wednesday, October 30th. Morgan Stanley cut their price objective on Werner Enterprises from $55.00 to $52.00 and set an "overweight" rating for the company in a report on Wednesday, October 30th. The Goldman Sachs Group lowered their target price on shares of Werner Enterprises from $37.00 to $33.00 and set a "sell" rating on the stock in a report on Wednesday, October 9th. Finally, Citigroup assumed coverage on shares of Werner Enterprises in a report on Wednesday, October 9th. They set a "sell" rating and a $34.00 price target for the company. Seven investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $36.57.

Werner Enterprises Price Performance

Shares of WERN traded down $1.32 during mid-day trading on Wednesday, hitting $36.93. 696,248 shares of the company traded hands, compared to its average volume of 733,960. The company has a current ratio of 1.53, a quick ratio of 1.49 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $2.28 billion, a price-to-earnings ratio of 50.59, a PEG ratio of 33.43 and a beta of 0.82. The business has a 50-day moving average of $38.91 and a 200 day moving average of $37.54. Werner Enterprises, Inc. has a one year low of $33.12 and a one year high of $43.26.

Werner Enterprises (NASDAQ:WERN - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The transportation company reported $0.15 EPS for the quarter, missing analysts' consensus estimates of $0.21 by ($0.06). The firm had revenue of $745.70 million during the quarter, compared to the consensus estimate of $765.24 million. Werner Enterprises had a net margin of 1.48% and a return on equity of 3.58%. The firm's quarterly revenue was down 8.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.42 earnings per share. As a group, equities analysts expect that Werner Enterprises, Inc. will post 0.68 earnings per share for the current fiscal year.

Werner Enterprises Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd will be given a $0.14 dividend. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $0.56 dividend on an annualized basis and a yield of 1.52%. Werner Enterprises's payout ratio is 76.71%.

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.