GSA Capital Partners LLP Has $1.87 Million Position in Werner Enterprises, Inc. (NASDAQ:WERN)

Key Points

• GSA Capital Partners LLP increased its stake in Werner Enterprises by 46.1%, now owning about 0.10% of the company valued at approximately $1.87 million.
• Despite the increased investment, Werner Enterprises reported a net loss of $0.12 earnings per share for the last quarter, missing consensus estimates and reflecting a 7.4% revenue decline compared to the previous year.
• Analysts have given mixed ratings on the stock, with a consensus target price of $30.40 and several price cuts from major firms, indicating cautious sentiment towards its future performance.

GSA Capital Partners LLP raised its holdings in Werner Enterprises, Inc. (NASDAQ:WERN - Free Report) by 46.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 63,702 shares of the transportation company's stock after acquiring an additional 20,114 shares during the period. GSA Capital Partners LLP owned about 0.10% of Werner Enterprises worth $1,866,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of WERN. Legato Capital Management LLC grew its stake in shares of Werner Enterprises by 1.7% during the first quarter. Legato Capital Management LLC now owns 51,953 shares of the transportation company's stock worth $1,522,000 after buying an additional 888 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Werner Enterprises in the 1st quarter worth about $1,048,000. Allianz Asset Management GmbH increased its holdings in Werner Enterprises by 43.5% in the 1st quarter. Allianz Asset Management GmbH now owns 255,987 shares of the transportation company's stock worth $7,500,000 after purchasing an additional 77,615 shares in the last quarter. Victory Capital Management Inc. increased its holdings in Werner Enterprises by 5.0% in the 1st quarter. Victory Capital Management Inc. now owns 3,641,546 shares of the transportation company's stock worth $106,697,000 after purchasing an additional 173,572 shares in the last quarter. Finally, Edgestream Partners L.P. increased its holdings in Werner Enterprises by 182.3% in the 1st quarter. Edgestream Partners L.P. now owns 327,057 shares of the transportation company's stock worth $9,583,000 after purchasing an additional 211,215 shares in the last quarter. Institutional investors own 89.32% of the company's stock.

Analyst Ratings Changes

WERN has been the subject of a number of recent research reports. The Goldman Sachs Group raised 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 report on Monday, June 2nd. TD Cowen lowered their target price on Werner Enterprises from $33.00 to $30.00 and set a "buy" rating for the company in a report on Wednesday, April 30th. Baird R W raised Werner Enterprises to a "strong sell" rating in a report on Tuesday, July 1st. Bank of America upped their target price on Werner Enterprises from $26.00 to $27.00 and gave the stock an "underperform" rating in a report on Friday, June 13th. Finally, Citigroup lifted their target price on Werner Enterprises from $29.00 to $31.00 and gave the stock a "neutral" rating in a report on Wednesday, July 9th. Seven analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $30.87.

Werner Enterprises Trading Down 3.1%

WERN stock traded down $0.85 during midday trading on Friday, hitting $26.87. The stock had a trading volume of 829,299 shares, compared to its average volume of 909,707. The firm has a market cap of $1.66 billion, a P/E ratio of 31.25, a price-to-earnings-growth ratio of 1.75 and a beta of 1.07. The company has a current ratio of 1.74, a quick ratio of 1.62 and a debt-to-equity ratio of 0.51. Werner Enterprises, Inc. has a 1-year low of $23.02 and a 1-year high of $42.48. The business has a fifty day moving average price of $27.79 and a two-hundred day moving average price of $29.84.

Werner Enterprises (NASDAQ:WERN - Get Free Report) last issued its earnings results on Tuesday, July 29th. The transportation company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.06. The business had revenue of $753.15 million for the quarter, compared to analyst estimates of $736.09 million. Werner Enterprises had a net margin of 1.77% and a return on equity of 0.92%. Werner Enterprises's revenue was down 1.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.17 earnings per share. On average, sell-side analysts predict that Werner Enterprises, Inc. will post 1.27 earnings per share for the current fiscal year.

Werner Enterprises Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 23rd. Investors of record on Monday, July 7th were paid a dividend of $0.14 per share. The ex-dividend date of this dividend was Monday, July 7th. This represents a $0.56 annualized dividend and a yield of 2.1%. 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.