8,496 Shares in Werner Enterprises, Inc. (NASDAQ:WERN) Purchased by Sciencast Management LP

Sciencast Management LP bought a new stake in Werner Enterprises, Inc. (NASDAQ:WERN - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 8,496 shares of the transportation company's stock, valued at approximately $305,000.

Several other hedge funds also recently bought and sold shares of WERN. Blue Trust Inc. lifted its holdings 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 purchasing an additional 514 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in Werner Enterprises in the third quarter valued at approximately $96,000. KBC Group NV boosted its holdings in shares of Werner Enterprises by 43.7% in the fourth quarter. KBC Group NV now owns 2,976 shares of the transportation company's stock valued at $107,000 after buying an additional 905 shares during the period. SG Americas Securities LLC increased its position in shares of Werner Enterprises by 59.1% during the fourth quarter. SG Americas Securities LLC now owns 4,187 shares of the transportation company's stock worth $150,000 after acquiring an additional 1,555 shares in the last quarter. Finally, Cim Investment Management Inc. acquired a new stake in shares of Werner Enterprises during the third quarter worth $203,000. 89.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

WERN has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft assumed coverage on Werner Enterprises in a report on Friday, March 7th. They set a "hold" rating and a $33.00 target price for the company. Susquehanna dropped their target price on Werner Enterprises from $39.00 to $32.00 and set a "neutral" rating on the stock in a research report on Wednesday. Stifel Nicolaus upped their price target on Werner Enterprises from $30.00 to $35.00 and gave the stock a "hold" rating in a research report on Thursday, January 23rd. Wells Fargo & Company lowered their price objective on shares of Werner Enterprises from $34.00 to $27.00 and set an "underweight" rating on the stock in a report on Thursday. Finally, Barclays cut 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 research report on Friday, February 7th. Five investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $36.13.

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Werner Enterprises Stock Performance

Shares of NASDAQ WERN traded down $0.13 during trading hours on Thursday, reaching $29.80. 653,860 shares of the stock were exchanged, compared to its average volume of 728,169. Werner Enterprises, Inc. has a 52 week low of $28.77 and a 52 week high of $42.48. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.48 and a current ratio of 1.52. The firm has a market capitalization of $1.84 billion, a price-to-earnings ratio of 54.18 and a beta of 0.85. The stock's fifty day simple moving average is $33.53 and its 200 day simple moving average is $36.31.

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

Werner Enterprises Announces Dividend

The business 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 $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.88%. The ex-dividend date of this dividend is Monday, April 14th. Werner Enterprises's dividend payout ratio (DPR) is currently 101.82%.

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.