Meros Investment Management LP Purchases Shares of 279,870 Werner Enterprises, Inc. $WERN

Meros Investment Management LP purchased a new stake in shares of Werner Enterprises, Inc. (NASDAQ:WERN - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 279,870 shares of the transportation company's stock, valued at approximately $12,205,131. Werner Enterprises accounts for approximately 0.0% of Meros Investment Management LP's investment portfolio, making the stock its 6th biggest holding. Meros Investment Management LP owned 0.47% of Werner Enterprises as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Royal Bank of Canada grew its position in Werner Enterprises by 33.8% during the first quarter. Royal Bank of Canada now owns 21,660 shares of the transportation company's stock valued at $635,000 after buying an additional 5,473 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Werner Enterprises by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 36,697 shares of the transportation company's stock worth $1,075,000 after purchasing an additional 1,598 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in 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 purchasing an additional 401 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Werner Enterprises by 24.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 76,767 shares of the transportation company's stock worth $2,100,000 after acquiring an additional 15,109 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of Werner Enterprises by 159.6% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 226,085 shares of the transportation company's stock worth $6,186,000 after acquiring an additional 138,995 shares during the last quarter. Hedge funds and other institutional investors own 89.32% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Citigroup raised their price target on Werner Enterprises from $37.00 to $47.00 and gave the company a "neutral" rating in a report on Thursday, July 9th. Stephens raised Werner Enterprises to a "strong-buy" rating in a report on Wednesday, July 8th. Bank of America upped their target price on Werner Enterprises from $31.00 to $36.00 and gave the stock an "underperform" rating in a report on Thursday, July 23rd. Zacks Research downgraded shares of Werner Enterprises from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 4th. Finally, JPMorgan Chase & Co. increased their price objective on Werner Enterprises from $37.00 to $39.00 and gave the company an "underweight" rating in a report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $41.54.

Werner Enterprises Stock Performance

WERN remained flat at $38.53 during trading on Friday. 372,115 shares of the company traded hands, compared to its average volume of 1,147,078. The company has a 50 day simple moving average of $40.91 and a 200 day simple moving average of $36.95. The company has a current ratio of 1.45, a quick ratio of 1.42 and a debt-to-equity ratio of 0.60. Werner Enterprises, Inc. has a 12-month low of $23.06 and a 12-month high of $47.49. The stock has a market capitalization of $2.31 billion, a price-to-earnings ratio of -50.70, a PEG ratio of 0.69 and a beta of 1.27.

Werner Enterprises (NASDAQ:WERN - Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The transportation company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.02). The business had revenue of $813.36 million during the quarter, compared to analyst estimates of $931.12 million. Werner Enterprises had a negative net margin of 1.42% and a positive return on equity of 1.18%. The firm's quarterly revenue was up 24.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.11 earnings per share. As a group, sell-side analysts anticipate that Werner Enterprises, Inc. will post 1.13 earnings per share for the current fiscal year.

Werner Enterprises Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 21st. Shareholders of record on Monday, October 5th will be paid a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 1.5%. The ex-dividend date is Monday, October 5th. Werner Enterprises's dividend payout ratio is presently -73.68%.

About Werner Enterprises

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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