GAMMA Investing LLC Has $367,000 Stake in Werner Enterprises, Inc. (NASDAQ:WERN)

GAMMA Investing LLC raised its stake in Werner Enterprises, Inc. (NASDAQ:WERN - Free Report) by 1,119.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,511 shares of the transportation company's stock after acquiring an additional 11,485 shares during the quarter. GAMMA Investing LLC's holdings in Werner Enterprises were worth $367,000 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. Maple Rock Capital Partners Inc. acquired a new stake in Werner Enterprises in the 4th quarter valued at about $35,257,000. Wellington Management Group LLP bought a new position in shares of Werner Enterprises in the 4th quarter valued at about $31,634,000. American Century Companies Inc. boosted its stake in shares of Werner Enterprises by 13.4% in the 4th quarter. American Century Companies Inc. now owns 1,987,187 shares of the transportation company's stock valued at $71,380,000 after purchasing an additional 234,811 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Werner Enterprises by 145.2% during the fourth quarter. JPMorgan Chase & Co. now owns 210,389 shares of the transportation company's stock worth $7,557,000 after buying an additional 124,574 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in Werner Enterprises by 24.5% in the fourth quarter. Ameriprise Financial Inc. now owns 560,698 shares of the transportation company's stock valued at $20,140,000 after buying an additional 110,336 shares during the period. Institutional investors and hedge funds own 89.32% of the company's stock.

Analyst Ratings Changes

A number of analysts have commented on the stock. Citigroup raised shares of Werner Enterprises from a "sell" rating to a "neutral" rating and lowered their target price for the stock from $32.00 to $29.00 in a report on Tuesday, April 8th. The Goldman Sachs Group raised Werner Enterprises from a "sell" rating to a "buy" rating and lifted their price objective for the stock from $25.00 to $39.00 in a research note on Monday, June 2nd. Wall Street Zen cut Werner Enterprises from a "hold" rating to a "sell" rating in a report on Thursday, May 8th. Stifel Nicolaus lowered their price target on Werner Enterprises from $29.00 to $24.00 and set a "hold" rating for the company in a research note on Thursday, May 1st. Finally, Bank of America increased their price target on shares of Werner Enterprises from $26.00 to $27.00 and gave the company an "underperform" rating in a research report on Friday, June 13th. Five equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, Werner Enterprises has an average rating of "Hold" and a consensus price target of $30.50.

Werner Enterprises Stock Down 2.6%

WERN stock traded down $0.73 during mid-day trading on Friday, hitting $27.25. 1,263,438 shares of the company were exchanged, compared to its average volume of 794,018. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.62 and a current ratio of 1.66. The firm has a market cap of $1.68 billion, a P/E ratio of 93.97, a P/E/G ratio of 1.27 and a beta of 1.06. The firm's 50 day simple moving average is $27.13 and its 200 day simple moving average is $31.53. 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 announced its earnings results on Tuesday, April 29th. The transportation company reported ($0.12) earnings per share for the quarter, missing analysts' consensus estimates of $0.12 by ($0.24). The company had revenue of $712.11 million during the quarter, compared to analyst estimates of $738.41 million. Werner Enterprises had a return on equity of 1.20% and a net margin of 0.60%. Werner Enterprises's revenue for the quarter was down 7.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.14 earnings per share. On average, sell-side analysts predict that Werner Enterprises, Inc. will post 1.27 EPS for the current fiscal 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 issued a dividend of $0.14 per share. The ex-dividend date is Monday, July 7th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.06%. Werner Enterprises's payout ratio is presently 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.