D. E. Shaw & Co. Inc. Lowers Position in Werner Enterprises, Inc. (NASDAQ:WERN)

D. E. Shaw & Co. Inc. trimmed its position in shares of Werner Enterprises, Inc. (NASDAQ:WERN - Free Report) by 85.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 9,802 shares of the transportation company's stock after selling 56,494 shares during the quarter. D. E. Shaw & Co. Inc.'s holdings in Werner Enterprises were worth $352,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. CIBC Asset Management Inc grew its position in Werner Enterprises by 4.6% during the 4th quarter. CIBC Asset Management Inc now owns 6,168 shares of the transportation company's stock valued at $222,000 after purchasing an additional 274 shares during the last quarter. Keybank National Association OH boosted its holdings in shares of Werner Enterprises by 1.5% during the 4th quarter. Keybank National Association OH now owns 20,216 shares of the transportation company's stock valued at $726,000 after acquiring an additional 305 shares during the last quarter. State of New Jersey Common Pension Fund D boosted its holdings in shares of Werner Enterprises by 0.7% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 53,495 shares of the transportation company's stock valued at $1,922,000 after acquiring an additional 359 shares during the last quarter. Bank of Montreal Can boosted its holdings in shares of Werner Enterprises by 7.7% during the 4th quarter. Bank of Montreal Can now owns 6,761 shares of the transportation company's stock valued at $243,000 after acquiring an additional 485 shares during the last quarter. Finally, Blue Trust Inc. boosted its holdings in shares of Werner Enterprises by 64.7% during the 4th 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. 89.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

WERN has been the topic of a number of recent analyst reports. UBS Group dropped their price target on shares of Werner Enterprises from $30.00 to $27.00 and set a "neutral" rating on the stock in a report on Monday, May 5th. Barclays dropped 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 report on Wednesday, April 30th. The Goldman Sachs Group dropped their price target on shares of Werner Enterprises from $28.00 to $25.00 and set a "sell" rating on the stock in a report on Wednesday, April 30th. TD Cowen dropped their price objective on shares of Werner Enterprises from $33.00 to $30.00 and set a "buy" rating on the stock in a report on Wednesday, April 30th. Finally, Wells Fargo & Company dropped their price objective on shares of Werner Enterprises from $27.00 to $24.00 and set an "underweight" rating on the stock in a report on Wednesday, April 30th. Five analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $29.69.

Werner Enterprises Price Performance

WERN traded down $0.25 during trading hours on Friday, hitting $26.00. The company's stock had a trading volume of 1,298,624 shares, compared to its average volume of 834,895. The business's 50-day moving average price is $27.49 and its 200-day moving average price is $32.84. Werner Enterprises, Inc. has a 12 month low of $23.02 and a 12 month high of $42.48. The stock has a market cap of $1.61 billion, a price-to-earnings ratio of 47.27 and a beta of 1.09. The company has a current ratio of 1.52, a quick ratio of 1.48 and a debt-to-equity ratio of 0.43.

Werner Enterprises (NASDAQ:WERN - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The transportation company reported ($0.12) EPS for the quarter, missing the consensus estimate of $0.12 by ($0.24). The firm had revenue of $712.11 million for the quarter, compared to analysts' expectations of $738.41 million. Werner Enterprises had a return on equity of 2.27% and a net margin of 1.13%. The firm's quarterly revenue was down 7.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.14 earnings per share. Sell-side analysts expect 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, July 23rd. Stockholders of record on Monday, July 7th will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date of this dividend is Monday, July 7th. Werner Enterprises's dividend payout ratio is currently 193.10%.

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.