Squarepoint Ops LLC Acquires 23,120 Shares of Werner Enterprises, Inc. (NASDAQ:WERN)

Squarepoint Ops LLC boosted its holdings in Werner Enterprises, Inc. (NASDAQ:WERN - Free Report) by 70.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 55,917 shares of the transportation company's stock after purchasing an additional 23,120 shares during the quarter. Squarepoint Ops LLC owned about 0.09% of Werner Enterprises worth $2,009,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. grew its holdings in shares of Werner Enterprises by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 6,730,457 shares of the transportation company's stock valued at $241,758,000 after buying an additional 32,228 shares during the last quarter. Deprince Race & Zollo Inc. boosted its stake in Werner Enterprises by 0.9% during the 4th quarter. Deprince Race & Zollo Inc. now owns 2,121,696 shares of the transportation company's stock valued at $76,211,000 after purchasing an additional 19,370 shares during the last quarter. 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 valued at $71,380,000 after purchasing an additional 234,811 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings 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 in the last quarter. Finally, Maple Rock Capital Partners Inc. purchased a new stake in shares of Werner Enterprises in the fourth quarter worth approximately $35,257,000. Institutional investors own 89.32% of the company's stock.

Werner Enterprises Stock Performance

WERN traded up $0.02 during midday trading on Monday, reaching $25.97. The company had a trading volume of 1,161,806 shares, compared to its average volume of 836,189. Werner Enterprises, Inc. has a 12-month low of $23.02 and a 12-month high of $42.48. The business has a 50-day moving average price of $27.41 and a two-hundred day moving average price of $32.70. The stock has a market cap of $1.60 billion, a PE ratio of 47.22 and a beta of 1.09. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.48 and a current ratio of 1.52.

Werner Enterprises (NASDAQ:WERN - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The transportation company reported ($0.12) EPS for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $738.41 million. During the same period last year, the firm posted $0.14 EPS. The company's revenue for the quarter was down 7.4% compared to the same quarter last year. On average, sell-side analysts expect that Werner Enterprises, Inc. will post 1.27 earnings per share for the current fiscal year.

Werner Enterprises Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 23rd. Stockholders of record on Monday, July 7th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Monday, July 7th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.16%. Werner Enterprises's dividend payout ratio is presently 193.10%.

Analyst Ratings Changes

Several brokerages recently issued reports on WERN. Wall Street Zen cut Werner Enterprises from a "hold" rating to a "sell" rating in a research report on Thursday, May 8th. Barclays dropped their price objective on Werner Enterprises from $32.00 to $28.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 30th. Susquehanna reduced their target price on shares of Werner Enterprises from $32.00 to $23.00 and set a "neutral" rating for the company in a research note on Wednesday, April 30th. Citigroup upgraded shares of Werner Enterprises from a "sell" rating to a "neutral" rating and lowered their target price for the company from $32.00 to $29.00 in a report on Tuesday, April 8th. Finally, TD Cowen cut their price target on shares of Werner Enterprises from $33.00 to $30.00 and set a "buy" rating on the stock in a report on Wednesday, April 30th. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $30.77.

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.