Man Group plc Sells 23,983 Shares of Werner Enterprises, Inc. (NASDAQ:WERN)

Man Group plc lowered its holdings in Werner Enterprises, Inc. (NASDAQ:WERN - Free Report) by 23.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor 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 filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Headlands Technologies LLC acquired a new position in Werner Enterprises in the fourth quarter worth $39,000. Blue Trust Inc. lifted its stake in shares of Werner Enterprises by 64.7% during the fourth quarter. Blue Trust Inc. now owns 1,308 shares of the transportation company's stock valued at $50,000 after acquiring an additional 514 shares during the period. Sterling Capital Management LLC lifted its stake in shares of Werner Enterprises by 796.3% during the fourth quarter. Sterling Capital Management LLC now owns 1,703 shares of the transportation company's stock valued at $61,000 after acquiring an additional 1,513 shares during the period. Quadrant Capital Group LLC lifted its stake in shares of Werner Enterprises by 35.7% during the fourth quarter. Quadrant Capital Group LLC now owns 2,431 shares of the transportation company's stock valued at $87,000 after acquiring an additional 639 shares during the period. Finally, KBC Group NV lifted its stake in shares of Werner Enterprises by 43.7% during the fourth quarter. KBC Group NV now owns 2,976 shares of the transportation company's stock valued at $107,000 after acquiring an additional 905 shares during the period. Institutional investors and hedge funds own 89.32% of the company's stock.

Werner Enterprises Stock Performance

Shares of WERN traded up $0.69 during mid-day trading on Tuesday, reaching $26.45. The company's stock had a trading volume of 288,014 shares, compared to its average volume of 828,488. Werner Enterprises, Inc. has a 1-year low of $23.02 and a 1-year high of $42.48. The stock has a market cap of $1.63 billion, a P/E ratio of 48.10 and a beta of 1.09. The business has a 50-day simple moving average of $27.77 and a two-hundred day simple moving average of $33.21. 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 (NASDAQ:WERN - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The transportation company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.24). The firm 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%. The business's revenue for the quarter was down 7.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.14 earnings per share. As a group, equities research analysts anticipate that Werner Enterprises, Inc. will post 1.27 earnings per share for the current fiscal year.

Werner Enterprises Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 23rd. Investors 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 yield of 2.12%. Werner Enterprises's payout ratio is currently 193.10%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on WERN shares. Stifel Nicolaus cut their price target on 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 lowered their price target on Werner Enterprises from $30.00 to $27.00 and set a "neutral" rating for the company in a report on Monday, May 5th. TD Cowen decreased their price objective on Werner Enterprises from $33.00 to $30.00 and set a "buy" rating for the company in a report on Wednesday, April 30th. Wells Fargo & Company decreased their price target on Werner Enterprises from $27.00 to $24.00 and set an "underweight" rating for the company in a research note on Wednesday, April 30th. Finally, Wall Street Zen downgraded Werner Enterprises from a "hold" rating to a "sell" rating in a research note on Thursday, May 8th. Five analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price 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.