Dark Forest Capital Management LP Invests $637,000 in Werner Enterprises, Inc. (NASDAQ:WERN)

Dark Forest Capital Management LP purchased a new stake in shares of Werner Enterprises, Inc. (NASDAQ:WERN - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The fund purchased 17,729 shares of the transportation company's stock, valued at approximately $637,000.

Other institutional investors have also added to or reduced their stakes in the company. Headlands Technologies LLC bought a new position in shares of Werner Enterprises in the 4th quarter worth $39,000. Blue Trust Inc. increased its stake in Werner Enterprises by 64.7% in 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 last quarter. Sterling Capital Management LLC raised its position in Werner Enterprises by 796.3% during the fourth quarter. Sterling Capital Management LLC now owns 1,703 shares of the transportation company's stock valued at $61,000 after purchasing an additional 1,513 shares in the last quarter. Quadrant Capital Group LLC raised its position in Werner Enterprises by 35.7% during the fourth quarter. Quadrant Capital Group LLC now owns 2,431 shares of the transportation company's stock valued at $87,000 after purchasing an additional 639 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in Werner Enterprises during the third quarter worth about $96,000. 89.32% of the stock is currently owned by institutional investors.

Werner Enterprises Trading Up 0.8 %

WERN traded up $0.19 during midday trading on Thursday, reaching $24.85. 613,725 shares of the company's stock traded hands, compared to its average volume of 815,445. Werner Enterprises, Inc. has a 52 week low of $23.02 and a 52 week high of $42.48. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.52 and a quick ratio of 1.48. The firm has a fifty day moving average of $29.47 and a two-hundred day moving average of $34.68. The stock has a market capitalization of $1.54 billion, a price-to-earnings ratio of 45.13 and a beta of 1.06.

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

Werner Enterprises Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Monday, April 14th will be given a $0.14 dividend. The ex-dividend date of this dividend is Monday, April 14th. This represents a $0.56 annualized dividend and a dividend yield of 2.25%. Werner Enterprises's dividend payout ratio is 101.82%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on WERN shares. StockNews.com raised Werner Enterprises from a "sell" rating to a "hold" rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft began coverage on shares of Werner Enterprises in a research note on Friday, March 7th. They set a "hold" rating and a $33.00 price target on the stock. UBS Group cut their price objective on shares of Werner Enterprises from $36.00 to $30.00 and set a "neutral" rating for the company in a research note on Tuesday, April 22nd. Barclays decreased their target price 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. Finally, Susquehanna cut their price target on shares of Werner Enterprises from $32.00 to $23.00 and set a "neutral" rating for the company in a research report on Wednesday. Four 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. According to data from MarketBeat, Werner Enterprises presently has an average rating of "Hold" and an average price target of $31.14.

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.