Edgestream Partners L.P. Purchases 211,215 Shares of Werner Enterprises, Inc. (NASDAQ:WERN)

Edgestream Partners L.P. boosted its holdings in Werner Enterprises, Inc. (NASDAQ:WERN - Free Report) by 182.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 327,057 shares of the transportation company's stock after purchasing an additional 211,215 shares during the period. Edgestream Partners L.P. owned about 0.53% of Werner Enterprises worth $9,583,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in WERN. SummerHaven Investment Management LLC boosted its holdings in shares of Werner Enterprises by 1.8% in the 1st quarter. SummerHaven Investment Management LLC now owns 22,516 shares of the transportation company's stock valued at $660,000 after buying an additional 398 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its position in 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 worth $34,000 after acquiring an additional 483 shares in the last quarter. Bank of Montreal Can lifted its stake in Werner Enterprises by 7.7% in the fourth 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. Illinois Municipal Retirement Fund lifted its stake in Werner Enterprises by 1.6% in the first quarter. Illinois Municipal Retirement Fund now owns 33,848 shares of the transportation company's stock valued at $992,000 after acquiring an additional 523 shares during the last quarter. Finally, Quadrant Capital Group LLC grew its position in shares of Werner Enterprises by 35.7% in 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 during the period. 89.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on WERN shares. Bank of America raised their target price on shares of Werner Enterprises from $26.00 to $27.00 and gave the company an "underperform" rating in a research note on Friday, June 13th. Baird R W raised Werner Enterprises to a "strong sell" rating in a research report on Tuesday, July 1st. Wells Fargo & Company reduced their target price 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. Robert W. Baird initiated coverage on Werner Enterprises in a research note on Tuesday, July 1st. They issued an "underperform" rating and a $25.00 price target on the stock. Finally, Wall Street Zen downgraded Werner Enterprises from a "hold" rating to a "sell" rating in a report on Thursday, May 8th. Seven research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $30.40.

Werner Enterprises Stock Performance

NASDAQ WERN traded up $0.21 during trading on Thursday, reaching $28.23. The company's stock had a trading volume of 699,196 shares, compared to its average volume of 796,524. The firm has a 50 day moving average price of $27.61 and a 200 day moving average price of $30.35. Werner Enterprises, Inc. has a 12 month low of $23.02 and a 12 month high of $42.48. The firm has a market capitalization of $1.74 billion, a price-to-earnings ratio of 97.34, a price-to-earnings-growth ratio of 1.65 and a beta of 1.07. The company has a current ratio of 1.66, a quick ratio of 1.62 and a debt-to-equity ratio of 0.45.

Werner Enterprises (NASDAQ:WERN - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The transportation company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.24). Werner Enterprises had a net margin of 0.60% and a return on equity of 1.20%. The company had revenue of $712.11 million during the quarter, compared to the consensus estimate of $738.41 million. During the same quarter last year, the firm posted $0.14 earnings per share. The company's quarterly revenue was down 7.4% on a year-over-year basis. As a group, equities analysts anticipate that Werner Enterprises, Inc. will post 1.27 EPS 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 issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.98%. The ex-dividend date of this dividend is Monday, July 7th. Werner Enterprises's dividend payout ratio (DPR) 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.