Werner Enterprises, Inc. (NASDAQ:WERN) Shares Sold by Man Group plc

Man Group plc lessened its position in shares of Werner Enterprises, Inc. (NASDAQ:WERN - Free Report) by 23.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 76,855 shares of the transportation company's stock after selling 23,983 shares during the quarter. Man Group plc owned about 0.12% of Werner Enterprises worth $2,761,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in WERN. Maple Rock Capital Partners Inc. acquired a new stake in shares of Werner Enterprises in the fourth quarter valued at approximately $35,257,000. Wellington Management Group LLP purchased a new stake in Werner Enterprises in the 4th quarter valued at $31,634,000. American Century Companies Inc. boosted its stake in Werner Enterprises by 13.4% during the 4th quarter. American Century Companies Inc. now owns 1,987,187 shares of the transportation company's stock worth $71,380,000 after purchasing an additional 234,811 shares during the period. Allspring Global Investments Holdings LLC grew its position in 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 worth $59,010,000 after purchasing an additional 143,953 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Werner Enterprises by 145.2% in the fourth quarter. JPMorgan Chase & Co. now owns 210,389 shares of the transportation company's stock valued at $7,557,000 after purchasing an additional 124,574 shares during the period. Hedge funds and other institutional investors own 89.32% of the company's stock.

Werner Enterprises Price Performance

NASDAQ:WERN traded up $0.17 during trading hours on Wednesday, hitting $26.53. The company's stock had a trading volume of 85,311 shares, compared to its average volume of 826,816. Werner Enterprises, Inc. has a 52-week low of $23.02 and a 52-week high of $42.48. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.48 and a current ratio of 1.52. The business's 50-day moving average is $27.72 and its two-hundred day moving average is $33.16. The company has a market capitalization of $1.64 billion, a PE ratio of 48.33 and a beta of 1.09.

Werner Enterprises (NASDAQ:WERN - Get Free Report) last posted its quarterly 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 for the quarter, compared to analyst estimates of $738.41 million. Werner Enterprises had a return on equity of 2.27% and a net margin of 1.13%. During the same period last year, the company earned $0.14 earnings per share. The business's revenue for the quarter was down 7.4% compared to the same quarter last year. As a group, research analysts anticipate 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. Shareholders of record on Monday, July 7th will be given a dividend of $0.14 per share. The ex-dividend date is Monday, July 7th. This represents a $0.56 annualized dividend and a yield of 2.11%. Werner Enterprises's payout ratio is currently 193.10%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on WERN shares. Citigroup upgraded shares of Werner Enterprises from a "sell" rating to a "neutral" rating and decreased their target price for the stock from $32.00 to $29.00 in a research note on Tuesday, April 8th. Barclays decreased their price objective on Werner Enterprises from $32.00 to $28.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 30th. Wall Street Zen downgraded Werner Enterprises from a "hold" rating to a "sell" rating in a research note on Thursday, May 8th. UBS Group cut their price target on Werner Enterprises from $30.00 to $27.00 and set a "neutral" rating for the company in a research note on Monday, May 5th. Finally, The Goldman Sachs Group lowered their price objective on shares of Werner Enterprises from $28.00 to $25.00 and set a "sell" rating on the stock in a research report on Wednesday, April 30th. Five research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, Werner Enterprises currently has a consensus rating of "Hold" and an average price target of $29.69.

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.