Edgestream Partners L.P. Has $9.58 Million Stock Position in Werner Enterprises, Inc. (NASDAQ:WERN)

Edgestream Partners L.P. raised its stake in shares of Werner Enterprises, Inc. (NASDAQ:WERN - Free Report) by 182.3% during the first quarter, according to its most recent disclosure 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 quarter. Edgestream Partners L.P. owned 0.53% of Werner Enterprises worth $9,583,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB raised its stake in shares of Werner Enterprises by 69.7% in 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. Headlands Technologies LLC bought a new position in Werner Enterprises in the 4th quarter worth approximately $39,000. Sterling Capital Management LLC raised its position in Werner Enterprises by 796.3% in the 4th quarter. Sterling Capital Management LLC now owns 1,703 shares of the transportation company's stock worth $61,000 after purchasing an additional 1,513 shares during the last quarter. Quadrant Capital Group LLC grew its holdings 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 worth $87,000 after acquiring an additional 639 shares during the period. Finally, Aster Capital Management DIFC Ltd acquired a new stake in Werner Enterprises during the 4th quarter worth $204,000. Institutional investors own 89.32% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on WERN. Bank of America lifted their target price on shares of Werner Enterprises from $26.00 to $27.00 and gave the stock an "underperform" rating in a report on Friday, June 13th. Barclays decreased their price target on shares of Werner Enterprises from $32.00 to $28.00 and set an "equal weight" rating for the company in a report on Wednesday, April 30th. Stifel Nicolaus decreased their price target on shares of Werner Enterprises from $29.00 to $24.00 and set a "hold" rating for the company in a report on Thursday, May 1st. Evercore ISI lowered shares of Werner Enterprises from an "in-line" rating to an "underperform" rating and reduced their target price for the stock from $27.00 to $21.00 in a research note on Wednesday, April 30th. Finally, The Goldman Sachs Group raised shares of Werner Enterprises from a "sell" rating to a "buy" rating and upped their target price for the stock from $25.00 to $39.00 in a research note on Monday, June 2nd. Seven analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Werner Enterprises has an average rating of "Hold" and a consensus target price of $30.40.

Werner Enterprises Stock Performance

Shares of WERN traded up $0.37 during mid-day trading on Thursday, hitting $28.39. 173,192 shares of the company's stock were exchanged, compared to its average volume of 795,678. Werner Enterprises, Inc. has a 52 week low of $23.02 and a 52 week high of $42.48. The stock's 50-day simple moving average is $27.57 and its 200-day simple moving average is $30.40. The firm has a market cap of $1.75 billion, a price-to-earnings ratio of 98.08, a price-to-earnings-growth ratio of 1.65 and a beta of 1.07. The company has a quick ratio of 1.62, a current ratio of 1.66 and a debt-to-equity ratio of 0.45.

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 the consensus estimate of $0.12 by ($0.24). Werner Enterprises had a return on equity of 1.20% and a net margin of 0.60%. The business had revenue of $712.11 million for the quarter, compared to the consensus estimate of $738.41 million. During the same period in the prior year, the business posted $0.14 earnings per share. The firm's revenue for the quarter was down 7.4% compared to the same quarter last year. On average, equities research analysts expect that Werner Enterprises, Inc. will post 1.27 EPS for the current year.

Werner Enterprises Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 23rd. Investors of record on Monday, July 7th will be paid a $0.14 dividend. The ex-dividend date is Monday, July 7th. This represents a $0.56 dividend on an annualized basis and a yield of 1.97%. Werner Enterprises's dividend payout ratio (DPR) is 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.