Squarepoint Ops LLC Raises Stock Position in Werner Enterprises, Inc. (NASDAQ:WERN)

Squarepoint Ops LLC lifted its holdings in shares of Werner Enterprises, Inc. (NASDAQ:WERN - Free Report) by 70.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 55,917 shares of the transportation company's stock after buying an additional 23,120 shares during the period. Squarepoint Ops LLC owned about 0.09% of Werner Enterprises worth $2,009,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the business. Allspring Global Investments Holdings LLC boosted 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 buying an additional 143,953 shares during the period. Vanguard Group Inc. grew its position in shares of Werner Enterprises by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 6,730,457 shares of the transportation company's stock worth $241,758,000 after buying an additional 32,228 shares during the period. Barclays PLC raised its holdings in shares of Werner Enterprises by 12.8% during the third quarter. Barclays PLC now owns 435,447 shares of the transportation company's stock valued at $16,804,000 after purchasing an additional 49,568 shares during the period. Atria Investments Inc boosted its holdings in Werner Enterprises by 16.3% in the fourth quarter. Atria Investments Inc now owns 9,479 shares of the transportation company's stock worth $340,000 after acquiring an additional 1,329 shares in the last quarter. Finally, Cibc World Markets Corp bought a new position in shares of Werner Enterprises in the 4th quarter worth $207,000. Institutional investors and hedge funds own 89.32% of the company's stock.

Werner Enterprises Trading Down 1.0%

NASDAQ WERN traded down $0.25 on Friday, hitting $26.00. 1,298,624 shares of the stock were exchanged, compared to its average volume of 834,324. 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, Inc. has a 52-week low of $23.02 and a 52-week high of $42.48. The firm has a market capitalization of $1.61 billion, a P/E ratio of 47.27 and a beta of 1.09. The stock has a fifty day moving average price of $27.49 and a two-hundred day moving average price of $32.90.

Werner Enterprises (NASDAQ:WERN - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The transportation company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.24). Werner Enterprises had a net margin of 1.13% and a return on equity of 2.27%. The company had revenue of $712.11 million during the quarter, compared to analysts' expectations of $738.41 million. During the same period last year, the firm earned $0.14 earnings per share. Werner Enterprises's quarterly revenue was down 7.4% on a year-over-year basis. Research analysts forecast that Werner Enterprises, Inc. will post 1.27 EPS for the current fiscal year.

Werner Enterprises Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 23rd. Investors of record on Monday, July 7th will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date is Monday, July 7th. Werner Enterprises's dividend payout ratio (DPR) is currently 193.10%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on WERN shares. Susquehanna cut their price objective on shares of Werner Enterprises from $32.00 to $23.00 and set a "neutral" rating on the stock in a 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. Barclays decreased their price target on shares of Werner Enterprises from $32.00 to $28.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 30th. UBS Group lowered their target price on shares of Werner Enterprises from $30.00 to $27.00 and set a "neutral" rating on the stock in a research note on Monday, May 5th. Finally, The Goldman Sachs Group dropped their price target on Werner Enterprises from $28.00 to $25.00 and set a "sell" rating for the company in a research note 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. According to data from MarketBeat.com, Werner Enterprises presently has a consensus rating of "Hold" and a consensus target price 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.