84,260 Shares in Werner Enterprises, Inc. $WERN Purchased by Campbell & CO Investment Adviser LLC

Key Points

• Campbell & CO Investment Adviser LLC acquired 84,260 shares of Werner Enterprises, Inc., valued at approximately $2.47 million, in the 1st quarter, increasing its ownership to 0.14% of the company.
• Werner Enterprises reported a quarterly earnings per share (EPS) of $0.11, surpassing analyst expectations of $0.05, despite a 1.0% decline in revenue compared to the same quarter last year.
• The company announced a quarterly dividend of $0.14 per share, equating to an annualized dividend of $0.56, with a yield of 1.9%, to be paid on October 22nd.

Campbell & CO Investment Adviser LLC purchased a new position in shares of Werner Enterprises, Inc. (NASDAQ:WERN - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 84,260 shares of the transportation company's stock, valued at approximately $2,469,000. Campbell & CO Investment Adviser LLC owned about 0.14% of Werner Enterprises at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Brooklyn Investment Group raised its position in Werner Enterprises by 163.5% in the first quarter. Brooklyn Investment Group now owns 959 shares of the transportation company's stock worth $28,000 after acquiring an additional 595 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Werner Enterprises by 69.7% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,176 shares of the transportation company's stock valued at $34,000 after acquiring an additional 483 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Werner Enterprises by 15.9% during the first quarter. PNC Financial Services Group Inc. now owns 2,937 shares of the transportation company's stock valued at $86,000 after acquiring an additional 402 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Werner Enterprises by 69.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 6,701 shares of the transportation company's stock valued at $241,000 after acquiring an additional 2,738 shares during the last quarter. Finally, Crestline Management LP acquired a new stake in Werner Enterprises in the 4th quarter worth about $254,000. Hedge funds and other institutional investors own 89.32% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on WERN shares. Stifel Nicolaus decreased their price target on Werner Enterprises from $29.00 to $24.00 and set a "hold" rating on the stock in a research note on Thursday, May 1st. Citigroup boosted their price target on Werner Enterprises from $29.00 to $31.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 9th. TD Cowen reduced their price target on Werner Enterprises from $33.00 to $30.00 and set a "buy" rating on the stock in a research report on Wednesday, April 30th. Barclays cut their target price on 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. Finally, Evercore ISI upped their target price on Werner Enterprises from $21.00 to $25.00 and gave the company an "underperform" rating in a research report on Wednesday, July 30th. Three analysts have rated the stock with a Buy rating, six have assigned a Hold rating and six have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Reduce" and a consensus price target of $30.50.

Werner Enterprises Price Performance

WERN stock traded down $0.10 during trading hours on Thursday, hitting $28.73. 565,657 shares of the stock traded hands, compared to its average volume of 898,979. Werner Enterprises, Inc. has a one year low of $23.02 and a one year high of $42.48. The company has a market cap of $1.72 billion, a P/E ratio of 33.41, a P/E/G ratio of 1.67 and a beta of 1.08. The company has a current ratio of 1.67, a quick ratio of 1.63 and a debt-to-equity ratio of 0.51. The stock has a 50-day simple moving average of $28.13 and a 200 day simple moving average of $28.72.

Werner Enterprises (NASDAQ:WERN - Get Free Report) last announced its earnings results on Tuesday, July 29th. The transportation company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.05 by $0.06. Werner Enterprises had a return on equity of 0.92% and a net margin of 1.77%.The business had revenue of $753.15 million during the quarter, compared to the consensus estimate of $736.09 million. During the same period in the prior year, the business posted $0.17 earnings per share. Werner Enterprises's revenue was down 1.0% compared to the same quarter last year. Equities analysts forecast that Werner Enterprises, Inc. will post 1.27 earnings per share for the current year.

Werner Enterprises Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Monday, October 6th will be paid a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Monday, October 6th. Werner Enterprises's dividend payout ratio is currently 65.12%.

Werner Enterprises announced that its Board of Directors has initiated a stock repurchase program on Monday, August 11th that allows the company to repurchase 5,000,000 shares. This repurchase authorization allows the transportation company to purchase shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company's management believes its shares are undervalued.

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.