Jane Street Group LLC Cuts Stock Holdings in Werner Enterprises, Inc. (NASDAQ:WERN)

Jane Street Group LLC reduced its stake in Werner Enterprises, Inc. (NASDAQ:WERN - Free Report) by 59.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 44,810 shares of the transportation company's stock after selling 64,954 shares during the period. Jane Street Group LLC owned about 0.07% of Werner Enterprises worth $1,610,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Headlands Technologies LLC acquired a new stake in shares of Werner Enterprises in the 4th quarter valued at approximately $39,000. Blue Trust Inc. boosted its stake in shares of Werner Enterprises by 64.7% in the 4th quarter. Blue Trust Inc. now owns 1,308 shares of the transportation company's stock valued at $50,000 after purchasing an additional 514 shares in the last quarter. Sterling Capital Management LLC boosted its stake in shares of Werner Enterprises by 796.3% in the 4th quarter. Sterling Capital Management LLC now owns 1,703 shares of the transportation company's stock valued at $61,000 after purchasing an additional 1,513 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in shares of Werner Enterprises by 35.7% in the 4th quarter. Quadrant Capital Group LLC now owns 2,431 shares of the transportation company's stock valued at $87,000 after purchasing an additional 639 shares in the last quarter. Finally, KBC Group NV boosted its stake in shares of Werner Enterprises by 43.7% in the 4th quarter. KBC Group NV now owns 2,976 shares of the transportation company's stock valued at $107,000 after purchasing an additional 905 shares in the last quarter. 89.32% of the stock is currently owned by institutional investors and hedge funds.

Werner Enterprises Trading Down 1.5%

NASDAQ WERN traded down $0.40 during trading hours on Friday, hitting $25.76. 696,856 shares of the company's stock were exchanged, compared to its average volume of 830,571. The firm has a market cap of $1.59 billion, a price-to-earnings ratio of 46.84 and a beta of 1.09. The stock has a 50-day simple moving average of $27.84 and a 200 day simple moving average of $33.36. The company has a current ratio of 1.52, a quick ratio of 1.48 and a debt-to-equity ratio of 0.43. 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 quarterly earnings data 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 2.27% and a net margin of 1.13%. The company had revenue of $712.11 million for the quarter, compared to analyst estimates of $738.41 million. During the same period last year, the business earned $0.14 EPS. The business's quarterly revenue was down 7.4% compared to the same quarter last year. On average, equities analysts forecast that Werner Enterprises, Inc. will post 1.27 EPS for the current fiscal year.

Werner Enterprises Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 23rd. Stockholders of record on Monday, July 7th will be issued a dividend of $0.14 per share. The ex-dividend date of this dividend is Monday, July 7th. This represents a $0.56 annualized dividend and a dividend yield of 2.17%. Werner Enterprises's dividend payout ratio is currently 193.10%.

Analysts Set New Price Targets

WERN has been the topic of a number of research analyst reports. Stifel Nicolaus reduced their price target on shares of Werner Enterprises from $29.00 to $24.00 and set a "hold" rating on the stock in a research note on Thursday, May 1st. UBS Group cut their target price on shares of Werner Enterprises from $30.00 to $27.00 and set a "neutral" rating on the stock in a research report on Monday, May 5th. Citigroup upgraded shares of Werner Enterprises from a "sell" rating to a "neutral" rating and cut their target price for the stock from $32.00 to $29.00 in a research report on Tuesday, April 8th. Evercore ISI downgraded shares of Werner Enterprises from an "in-line" rating to an "underperform" rating and cut their target price for the stock from $27.00 to $21.00 in a research report on Wednesday, April 30th. Finally, Wall Street Zen downgraded shares of Werner Enterprises from a "hold" rating to a "sell" rating in a research report on Thursday, May 8th. Five equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $29.69.

Werner Enterprises 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.