Two Sigma Securities LLC acquired a new stake in shares of Werner Enterprises, Inc. (NASDAQ:WERN - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The fund acquired 13,653 shares of the transportation company's stock, valued at approximately $490,000.
A number of other hedge funds also recently made changes to their positions in WERN. Headlands Technologies LLC purchased a new stake in shares of Werner Enterprises in the fourth quarter worth $39,000. Blue Trust Inc. raised its holdings in Werner Enterprises by 64.7% during the fourth quarter. Blue Trust Inc. now owns 1,308 shares of the transportation company's stock valued at $50,000 after acquiring an additional 514 shares during the period. Sterling Capital Management LLC lifted its position in shares of Werner Enterprises by 796.3% in the fourth quarter. Sterling Capital Management LLC now owns 1,703 shares of the transportation company's stock valued at $61,000 after acquiring an additional 1,513 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in shares of Werner Enterprises by 35.7% in the fourth quarter. Quadrant Capital Group LLC now owns 2,431 shares of the transportation company's stock worth $87,000 after acquiring an additional 639 shares during the period. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Werner Enterprises during the third quarter worth about $96,000. 89.32% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several research analysts have weighed in on the company. Citigroup upgraded Werner Enterprises from a "sell" rating to a "neutral" rating and dropped their price target for the stock from $32.00 to $29.00 in a research note on Tuesday, April 8th. Susquehanna dropped their target price on shares of Werner Enterprises from $39.00 to $32.00 and set a "neutral" rating for the company in a research report on Wednesday, March 26th. StockNews.com downgraded shares of Werner Enterprises from a "hold" rating to a "sell" rating in a report on Thursday, April 3rd. Deutsche Bank Aktiengesellschaft began coverage on shares of Werner Enterprises in a report on Friday, March 7th. They set a "hold" rating and a $33.00 price objective for the company. Finally, The Goldman Sachs Group reduced their target price on Werner Enterprises from $36.00 to $28.00 and set a "sell" rating on the stock in a report on Thursday, April 10th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Werner Enterprises has an average rating of "Hold" and an average target price of $34.07.
Check Out Our Latest Report on WERN
Werner Enterprises Price Performance
Shares of Werner Enterprises stock opened at $27.55 on Friday. The stock has a 50 day moving average price of $29.90 and a 200-day moving average price of $34.87. Werner Enterprises, Inc. has a one year low of $26.50 and a one year high of $42.48. The stock has a market cap of $1.70 billion, a price-to-earnings ratio of 50.09 and a beta of 1.06. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.48 and a current ratio of 1.52.
Werner Enterprises (NASDAQ:WERN - Get Free Report) last posted its quarterly earnings data 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%. Equities analysts expect that Werner Enterprises, Inc. will post 1.27 EPS for the current year.
Werner Enterprises Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Investors 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 yield of 2.03%. The ex-dividend date is Monday, April 14th. Werner Enterprises's dividend payout ratio (DPR) is currently 101.82%.
About Werner Enterprises
(
Free Report)
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.
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