Quantbot Technologies LP Has $1.06 Million Holdings in Werner Enterprises, Inc. (NASDAQ:WERN)

Quantbot Technologies LP raised its holdings in Werner Enterprises, Inc. (NASDAQ:WERN - Free Report) by 47.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,514 shares of the transportation company's stock after buying an additional 9,465 shares during the quarter. Quantbot Technologies LP's holdings in Werner Enterprises were worth $1,060,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in WERN. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Werner Enterprises in the third quarter valued at about $378,000. Intech Investment Management LLC bought a new stake in shares of Werner Enterprises in the 3rd quarter valued at approximately $630,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Werner Enterprises by 6.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 680,673 shares of the transportation company's stock worth $26,267,000 after buying an additional 43,074 shares in the last quarter. FMR LLC lifted its position in shares of Werner Enterprises by 171.8% during the 3rd quarter. FMR LLC now owns 11,743 shares of the transportation company's stock worth $453,000 after buying an additional 7,422 shares during the period. Finally, BNP Paribas Financial Markets boosted its stake in Werner Enterprises by 61.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 22,925 shares of the transportation company's stock valued at $885,000 after buying an additional 8,746 shares in the last quarter. Institutional investors and hedge funds own 89.32% of the company's stock.

Analysts Set New Price Targets

WERN has been the subject of several recent analyst reports. Barclays dropped 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. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Werner Enterprises in a research report on Friday, March 7th. They issued a "hold" rating and a $33.00 price target on the stock. Susquehanna dropped their price objective on shares of Werner Enterprises from $39.00 to $32.00 and set a "neutral" rating for the company in a report on Wednesday. StockNews.com raised Werner Enterprises from a "sell" rating to a "hold" rating in a report on Wednesday, March 19th. Finally, Wells Fargo & Company dropped their price target on Werner Enterprises from $34.00 to $27.00 and set an "underweight" rating for the company in a report on Thursday. Five equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $36.13.

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Werner Enterprises Trading Down 1.6 %

NASDAQ:WERN traded down $0.47 during mid-day trading on Friday, hitting $29.33. The company had a trading volume of 527,598 shares, compared to its average volume of 764,177. 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, Inc. has a fifty-two week low of $28.77 and a fifty-two week high of $42.48. The firm has a market cap of $1.81 billion, a P/E ratio of 53.33 and a beta of 0.85. The business's fifty day moving average is $33.23 and its two-hundred day moving average is $36.22.

Werner Enterprises (NASDAQ:WERN - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.08 earnings per share 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, research analysts expect that Werner Enterprises, Inc. will post 1.27 earnings per share for the current year.

Werner Enterprises Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders 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 annualized dividend and a yield of 1.91%. Werner Enterprises's dividend payout ratio is presently 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.