Bayforest Capital Ltd Has $812,000 Holdings in Werner Enterprises, Inc. (NASDAQ:WERN)

Bayforest Capital Ltd boosted its holdings in Werner Enterprises, Inc. (NASDAQ:WERN - Free Report) by 1,687.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 27,708 shares of the transportation company's stock after buying an additional 26,158 shares during the period. Bayforest Capital Ltd's holdings in Werner Enterprises were worth $812,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in WERN. MassMutual Private Wealth & Trust FSB increased its holdings in Werner Enterprises by 69.7% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,176 shares of the transportation company's stock worth $34,000 after purchasing an additional 483 shares during the last quarter. Headlands Technologies LLC acquired a new position in Werner Enterprises during the 4th quarter valued at approximately $39,000. Sterling Capital Management LLC raised its stake in Werner Enterprises by 796.3% during the 4th 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 raised its stake in Werner Enterprises by 35.7% during the 4th quarter. Quadrant Capital Group LLC now owns 2,431 shares of the transportation company's stock valued at $87,000 after acquiring an additional 639 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd bought a new stake in Werner Enterprises during the 4th quarter valued at $204,000. 89.32% of the stock is owned by institutional investors and hedge funds.

Werner Enterprises Stock Down 3.1%

Shares of NASDAQ:WERN traded down $0.87 during midday trading on Friday, reaching $26.85. The company had a trading volume of 1,331,066 shares, compared to its average volume of 913,723. The company has a quick ratio of 1.62, a current ratio of 1.74 and a debt-to-equity ratio of 0.51. The business's 50 day moving average price is $27.79 and its 200 day moving average price is $29.84. The stock has a market cap of $1.66 billion, a PE ratio of 31.22, a P/E/G ratio of 1.75 and a beta of 1.07. Werner Enterprises, Inc. has a 1-year low of $23.02 and a 1-year high of $42.48.

Werner Enterprises (NASDAQ:WERN - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The transportation company reported $0.11 EPS for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $736.09 million. During the same quarter last year, the company posted $0.17 earnings per share. Werner Enterprises's quarterly revenue was down 1.0% on a year-over-year basis. Research analysts forecast that Werner Enterprises, Inc. will post 1.27 EPS for the current fiscal year.

Werner Enterprises Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 23rd. Stockholders of record on Monday, July 7th were given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Monday, July 7th. Werner Enterprises's payout ratio is presently 193.10%.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. UBS Group dropped their price objective on Werner Enterprises from $30.00 to $27.00 and set a "neutral" rating on the stock in a research note on Monday, May 5th. Citigroup increased their price objective on Werner Enterprises from $29.00 to $31.00 and gave the company a "neutral" rating in a report on Wednesday, July 9th. The Goldman Sachs Group raised Werner Enterprises from a "sell" rating to a "buy" rating and upped their price target for the company from $25.00 to $39.00 in a report on Monday, June 2nd. Stifel Nicolaus dropped their target price on Werner Enterprises from $29.00 to $24.00 and set a "hold" rating for the company in a report on Thursday, May 1st. Finally, Susquehanna increased their price target on Werner Enterprises from $25.00 to $27.00 and gave the stock a "neutral" rating in a research report on Wednesday. Seven equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $30.87.

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.