GAMMA Investing LLC Raises Position in Werner Enterprises, Inc. (NASDAQ:WERN)

GAMMA Investing LLC grew its holdings in Werner Enterprises, Inc. (NASDAQ:WERN - Free Report) by 1,119.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,511 shares of the transportation company's stock after purchasing an additional 11,485 shares during the period. GAMMA Investing LLC's holdings in Werner Enterprises were worth $367,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of WERN. State of New Jersey Common Pension Fund D increased its position in shares of Werner Enterprises by 0.7% during the fourth 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. Principal Financial Group Inc. lifted its stake in Werner Enterprises by 2.9% during the fourth quarter. Principal Financial Group Inc. now owns 299,987 shares of the transportation company's stock worth $10,776,000 after purchasing an additional 8,385 shares in the last quarter. CIBC Asset Management Inc lifted its stake in Werner Enterprises by 4.6% during the fourth quarter. CIBC Asset Management Inc now owns 6,168 shares of the transportation company's stock worth $222,000 after purchasing an additional 274 shares in the last quarter. New York State Common Retirement Fund boosted its position in shares of Werner Enterprises by 3.8% during the fourth quarter. New York State Common Retirement Fund now owns 252,711 shares of the transportation company's stock worth $9,077,000 after buying an additional 9,219 shares during the period. Finally, Handelsbanken Fonder AB grew its stake in shares of Werner Enterprises by 8.5% in the fourth quarter. Handelsbanken Fonder AB now owns 20,430 shares of the transportation company's stock valued at $734,000 after buying an additional 1,600 shares in the last quarter. 89.32% of the stock is currently owned by hedge funds and other institutional investors.

Werner Enterprises Stock Down 0.3%

WERN stock traded down $0.09 during trading on Tuesday, hitting $27.55. 890,221 shares of the company's stock were exchanged, compared to its average volume of 793,798. The business has a 50-day moving average price of $27.11 and a two-hundred day moving average price of $31.39. The company has a current ratio of 1.66, a quick ratio of 1.62 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $1.70 billion, a price-to-earnings ratio of 95.00, a PEG ratio of 1.27 and a beta of 1.06. Werner Enterprises, Inc. has a 52-week low of $23.02 and a 52-week high of $42.48.

Werner Enterprises (NASDAQ:WERN - Get Free Report) last issued its 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 analyst estimates of $738.41 million. During the same quarter in the previous year, the company posted $0.14 EPS. The company's quarterly revenue was down 7.4% on a year-over-year basis. As a group, 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 announced a quarterly dividend, which will be paid on Wednesday, July 23rd. Stockholders of record on Monday, July 7th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 2.03%. The ex-dividend date of this dividend is Monday, July 7th. Werner Enterprises's payout ratio is currently 193.10%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on WERN shares. Deutsche Bank Aktiengesellschaft assumed coverage on Werner Enterprises in a report on Friday, March 7th. They set a "hold" rating and a $33.00 target price for the company. Evercore ISI lowered shares of Werner Enterprises from an "in-line" rating to an "underperform" rating and lowered their price objective for the company from $27.00 to $21.00 in a research note on Wednesday, April 30th. Barclays cut their target price on shares of Werner Enterprises from $32.00 to $28.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 30th. Wells Fargo & Company decreased their price target on shares of Werner Enterprises from $27.00 to $24.00 and set an "underweight" rating for the company in a research report on Wednesday, April 30th. Finally, UBS Group cut their price objective on Werner Enterprises from $30.00 to $27.00 and set a "neutral" rating on the stock in a research report on Monday, May 5th. Five analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Werner Enterprises currently has an average rating of "Hold" and an average price target of $30.64.

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.