Teza Capital Management LLC Has $513,000 Stock Holdings in Werner Enterprises, Inc. (NASDAQ:WERN)

Teza Capital Management LLC reduced its holdings in Werner Enterprises, Inc. (NASDAQ:WERN - Free Report) by 48.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,274 shares of the transportation company's stock after selling 13,495 shares during the quarter. Teza Capital Management LLC's holdings in Werner Enterprises were worth $513,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of WERN. Headlands Technologies LLC bought a new position in shares of Werner Enterprises during the fourth quarter worth about $39,000. Blue Trust Inc. grew its holdings 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 worth $50,000 after buying an additional 514 shares in the last quarter. Sterling Capital Management LLC grew its holdings 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 worth $61,000 after buying an additional 1,513 shares in the last quarter. Quadrant Capital Group LLC grew its holdings 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 worth $87,000 after buying an additional 639 shares in the last quarter. Finally, KBC Group NV grew its holdings 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 worth $107,000 after buying an additional 905 shares in the last quarter. 89.32% of the stock is currently owned by institutional investors.

Werner Enterprises Stock Performance

Shares of NASDAQ WERN traded down $0.40 during midday trading on Friday, hitting $25.76. 696,856 shares of the company's stock were exchanged, compared to its average volume of 830,571. The company has a quick ratio of 1.48, a current ratio of 1.52 and a debt-to-equity ratio of 0.43. Werner Enterprises, Inc. has a 12 month low of $23.02 and a 12 month high of $42.48. The company's 50 day moving average price is $27.84 and its 200 day moving average price is $33.36. The firm has a market capitalization of $1.59 billion, a PE ratio of 46.84 and a beta of 1.09.

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

Werner Enterprises Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 23rd. Investors of record on Monday, July 7th will be paid a $0.14 dividend. The ex-dividend date is Monday, July 7th. This represents a $0.56 annualized dividend and a dividend yield of 2.17%. Werner Enterprises's dividend payout ratio (DPR) is presently 193.10%.

Analyst Ratings Changes

WERN has been the subject of a number of analyst reports. TD Cowen decreased their price target on Werner Enterprises from $33.00 to $30.00 and set a "buy" rating for the company in a research note on Wednesday, April 30th. Barclays decreased their price target on Werner Enterprises from $32.00 to $28.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 30th. Susquehanna decreased their price target on Werner Enterprises from $32.00 to $23.00 and set a "neutral" rating for the company in a research note on Wednesday, April 30th. UBS Group decreased 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, Evercore ISI downgraded Werner Enterprises from an "in-line" rating to an "underperform" rating and decreased their price target for the company from $27.00 to $21.00 in a research note on Wednesday, April 30th. Five investment 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 company presently has a consensus rating of "Hold" and a consensus target price of $29.69.

Werner Enterprises Company 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.