Aquatic Capital Management LLC Buys 23,472 Shares of Werner Enterprises, Inc. (NASDAQ:WERN)

Aquatic Capital Management LLC increased its holdings in shares of Werner Enterprises, Inc. (NASDAQ:WERN - Free Report) by 7,824.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,772 shares of the transportation company's stock after purchasing an additional 23,472 shares during the period. Aquatic Capital Management LLC's holdings in Werner Enterprises were worth $854,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Wellington Management Group LLP bought a new position in Werner Enterprises during the 4th quarter worth about $31,634,000. American Century Companies Inc. grew its holdings in shares of Werner Enterprises by 13.4% during the fourth quarter. American Century Companies Inc. now owns 1,987,187 shares of the transportation company's stock worth $71,380,000 after buying an additional 234,811 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in Werner Enterprises by 9.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,660,846 shares of the transportation company's stock valued at $59,010,000 after buying an additional 143,953 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Werner Enterprises by 145.2% in the 4th quarter. JPMorgan Chase & Co. now owns 210,389 shares of the transportation company's stock valued at $7,557,000 after acquiring an additional 124,574 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Werner Enterprises in the 4th quarter valued at approximately $2,791,000. 89.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on WERN shares. Evercore ISI downgraded shares of Werner Enterprises from an "in-line" rating to an "underperform" rating and lowered their price objective for the company from $27.00 to $21.00 in a report on Wednesday, April 30th. Barclays cut their price target on shares of Werner Enterprises from $32.00 to $28.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 30th. Citigroup upgraded Werner Enterprises from a "sell" rating to a "neutral" rating and decreased their price objective for the company from $32.00 to $29.00 in a report on Tuesday, April 8th. Wells Fargo & Company decreased their price target on Werner Enterprises from $27.00 to $24.00 and set an "underweight" rating for the company in a research note on Wednesday, April 30th. Finally, TD Cowen dropped their price target on shares of Werner Enterprises from $33.00 to $30.00 and set a "buy" rating on the stock in a research report on Wednesday, April 30th. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $29.69.

Werner Enterprises Price Performance

Shares of WERN traded down $0.40 during trading hours on Tuesday, hitting $25.29. 273,187 shares of the company were exchanged, compared to its average volume of 817,805. 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 fifty-two week low of $23.02 and a fifty-two week high of $42.48. The company has a market cap of $1.56 billion, a price-to-earnings ratio of 45.94 and a beta of 1.06. The firm's fifty day moving average is $29.04 and its 200 day moving average is $34.40.

Werner Enterprises (NASDAQ:WERN - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The transportation company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.12 by ($0.24). The firm had revenue of $712.11 million for the quarter, compared to analyst estimates of $738.41 million. Werner Enterprises had a return on equity of 2.27% and a net margin of 1.13%. The company's quarterly revenue was down 7.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.14 earnings per share. On average, equities analysts anticipate that Werner Enterprises, Inc. will post 1.27 earnings per share for the current fiscal year.

Werner Enterprises Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Monday, April 14th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Monday, April 14th. This represents a $0.56 annualized dividend and a yield of 2.21%. Werner Enterprises's dividend payout ratio is currently 193.10%.

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.