Jupiter Topco LLC Makes New Investment in Werner Enterprises, Inc. $WERN

Key Points

• Jupiter Topco LLC acquired 46,566 shares of Werner Enterprises in the second quarter, worth approximately $2.03 million. Institutional investors and hedge funds collectively own 89.32% of the company.
• Werner reported quarterly revenue of $813.36 million and adjusted earnings of $0.22 per share, missing analyst estimates of $931.12 million and $0.24, respectively. Revenue nevertheless increased 24% year over year.
• The company declared a quarterly dividend of $0.14 per share, equivalent to an annualized $0.56 payout and a 1.5% yield. Analysts maintain a consensus “Hold” rating with an average price target of $41.54.

Jupiter Topco LLC acquired a new stake in Werner Enterprises, Inc. (NASDAQ:WERN - Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 46,566 shares of the transportation company's stock, valued at approximately $2,031,000. Jupiter Topco LLC owned approximately 0.08% of Werner Enterprises at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Werner Enterprises by 0.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 126,854 shares of the transportation company's stock valued at $3,717,000 after acquiring an additional 401 shares during the period. CANADA LIFE ASSURANCE Co increased its position in shares of Werner Enterprises by 0.8% in the second quarter. CANADA LIFE ASSURANCE Co now owns 64,228 shares of the transportation company's stock worth $1,758,000 after purchasing an additional 503 shares during the period. California State Teachers Retirement System increased its position in shares of Werner Enterprises by 1.1% in the second quarter. California State Teachers Retirement System now owns 57,011 shares of the transportation company's stock worth $1,560,000 after purchasing an additional 601 shares during the period. GAMMA Investing LLC raised its stake in Werner Enterprises by 21.5% in the second quarter. GAMMA Investing LLC now owns 3,812 shares of the transportation company's stock valued at $166,000 after purchasing an additional 675 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in Werner Enterprises by 41.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,324 shares of the transportation company's stock valued at $70,000 after purchasing an additional 679 shares in the last quarter. 89.32% of the stock is owned by institutional investors and hedge funds.

Werner Enterprises Stock Performance

Werner Enterprises stock opened at $38.50 on Friday. The company has a quick ratio of 1.42, a current ratio of 1.45 and a debt-to-equity ratio of 0.60. The stock has a market cap of $2.31 billion, a PE ratio of -50.66, a P/E/G ratio of 0.66 and a beta of 1.27. Werner Enterprises, Inc. has a 12-month low of $23.06 and a 12-month high of $47.49. The business's 50-day moving average price is $40.63 and its two-hundred day moving average price is $37.10.

Werner Enterprises (NASDAQ:WERN - Get Free Report) last posted its earnings results on Tuesday, July 28th. The transportation company reported $0.22 EPS for the quarter, missing analysts' consensus estimates of $0.24 by ($0.02). Werner Enterprises had a positive return on equity of 1.18% and a negative net margin of 1.42%.The company had revenue of $813.36 million during the quarter, compared to the consensus estimate of $931.12 million. During the same period last year, the company posted $0.11 EPS. The firm's revenue was up 24.0% compared to the same quarter last year. As a group, analysts expect that Werner Enterprises, Inc. will post 1.14 earnings per share for the current fiscal year.

Werner Enterprises Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 21st. Investors of record on Monday, October 5th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Monday, October 5th. Werner Enterprises's dividend payout ratio is currently -73.68%.

Analysts Set New Price Targets

A number of brokerages have issued reports on WERN. Susquehanna upgraded shares of Werner Enterprises from a "neutral" rating to a "positive" rating and reduced their price objective for the stock from $48.00 to $44.00 in a research note on Thursday, July 30th. Stephens raised shares of Werner Enterprises to a "strong-buy" rating in a report on Wednesday, July 8th. Morgan Stanley boosted their target price on shares of Werner Enterprises from $47.00 to $55.00 and gave the company an "overweight" rating in a research report on Monday, July 6th. JPMorgan Chase & Co. upped their price target on shares of Werner Enterprises from $37.00 to $39.00 and gave the stock an "underweight" rating in a report on Wednesday, July 29th. Finally, The Goldman Sachs Group boosted their price objective on shares of Werner Enterprises from $43.00 to $48.00 and gave the company a "buy" rating in a research report on Tuesday, June 23rd. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, Werner Enterprises currently has a consensus rating of "Hold" and a consensus target price of $41.54.

Werner Enterprises Company Profile

Werner Enterprises, Inc, founded in 1956 by Clarence L. “Chris” Werner, is a leading transportation and logistics provider based in Omaha, Nebraska. The company began as a one‐truck operation and has since grown into one of North America's largest carriers, offering an array of services to support diverse supply chains.

Werner's core business activities include full truckload dry van services, dedicated contract carriage, intermodal transport and brokerage solutions. The company also provides value-added services such as warehousing, freight management and fleet maintenance through its network of terminals and service centers.

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