Jane Street Group LLC Has $1.61 Million Stake in Werner Enterprises, Inc. (NASDAQ:WERN)

Jane Street Group LLC lowered its holdings in Werner Enterprises, Inc. (NASDAQ:WERN - Free Report) by 59.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 44,810 shares of the transportation company's stock after selling 64,954 shares during the quarter. Jane Street Group LLC owned approximately 0.07% of Werner Enterprises worth $1,610,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of WERN. Allspring Global Investments Holdings LLC boosted its holdings in shares of Werner Enterprises by 9.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,660,846 shares of the transportation company's stock valued at $59,010,000 after buying an additional 143,953 shares in the last quarter. Vanguard Group Inc. boosted its stake in Werner Enterprises by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 6,730,457 shares of the transportation company's stock worth $241,758,000 after acquiring an additional 32,228 shares in the last quarter. Barclays PLC grew its holdings in Werner Enterprises by 12.8% in the third quarter. Barclays PLC now owns 435,447 shares of the transportation company's stock worth $16,804,000 after purchasing an additional 49,568 shares during the period. Atria Investments Inc increased its stake in shares of Werner Enterprises by 16.3% during the fourth quarter. Atria Investments Inc now owns 9,479 shares of the transportation company's stock valued at $340,000 after purchasing an additional 1,329 shares in the last quarter. Finally, Cibc World Markets Corp bought a new position in shares of Werner Enterprises during the fourth quarter valued at approximately $207,000. Institutional investors own 89.32% of the company's stock.

Werner Enterprises Stock Down 1.5%

WERN traded down $0.40 on Friday, reaching $25.76. 696,856 shares of the company traded hands, compared to its average volume of 829,811. Werner Enterprises, Inc. has a 52-week low of $23.02 and a 52-week high of $42.48. The stock's 50 day moving average price is $27.84 and its 200-day moving average price is $33.41. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.52 and a quick ratio of 1.48. The company has a market cap of $1.59 billion, a price-to-earnings ratio of 46.84 and a beta of 1.09.

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 (EPS) for the quarter, missing analysts' consensus estimates of $0.12 by ($0.24). Werner Enterprises had a return on equity of 2.27% and a net margin of 1.13%. The company had revenue of $712.11 million for the quarter, compared to the consensus estimate of $738.41 million. During the same period in the previous year, the company earned $0.14 EPS. The firm's revenue for the quarter was down 7.4% compared to the same quarter last year. On average, sell-side analysts expect 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. Investors of record on Monday, July 7th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date is Monday, July 7th. Werner Enterprises's dividend payout ratio (DPR) is currently 193.10%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on WERN. Susquehanna lowered their price target on Werner Enterprises from $32.00 to $23.00 and set a "neutral" rating on the stock in a report on Wednesday, April 30th. 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 research report on Wednesday, April 30th. Citigroup raised shares of Werner Enterprises from a "sell" rating to a "neutral" rating and reduced their price objective for the stock from $32.00 to $29.00 in a research report on Tuesday, April 8th. The Goldman Sachs Group lowered their target price on Werner Enterprises from $28.00 to $25.00 and set a "sell" rating for the company in a report on Wednesday, April 30th. Finally, Wells Fargo & Company lowered their target price on shares of Werner Enterprises from $27.00 to $24.00 and set an "underweight" rating for the company in a research note on Wednesday, April 30th. Five equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Werner Enterprises has a consensus rating of "Hold" and an average target price of $29.69.

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.