Wellington Management Group LLP Purchases Shares of 880,685 Werner Enterprises, Inc. (NASDAQ:WERN)

Wellington Management Group LLP acquired a new position in shares of Werner Enterprises, Inc. (NASDAQ:WERN - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 880,685 shares of the transportation company's stock, valued at approximately $31,634,000. Wellington Management Group LLP owned 1.42% of Werner Enterprises at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in WERN. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Werner Enterprises by 14.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 126,453 shares of the transportation company's stock valued at $4,542,000 after buying an additional 16,366 shares during the period. Squarepoint Ops LLC raised its holdings in Werner Enterprises by 70.5% during the fourth quarter. Squarepoint Ops LLC now owns 55,917 shares of the transportation company's stock worth $2,009,000 after purchasing an additional 23,120 shares during the last quarter. Two Sigma Advisers LP raised its holdings in Werner Enterprises by 75.3% during the fourth quarter. Two Sigma Advisers LP now owns 224,700 shares of the transportation company's stock worth $8,071,000 after purchasing an additional 96,500 shares during the last quarter. Two Sigma Investments LP raised its holdings in Werner Enterprises by 38.3% during the fourth quarter. Two Sigma Investments LP now owns 379,714 shares of the transportation company's stock worth $13,639,000 after purchasing an additional 105,092 shares during the last quarter. Finally, Shay Capital LLC acquired a new position in Werner Enterprises during the fourth quarter worth $323,000. 89.32% of the stock is owned by institutional investors and hedge funds.

Werner Enterprises Stock Up 0.4%

NASDAQ WERN traded up $0.10 on Wednesday, hitting $26.93. 242,272 shares of the stock traded hands, compared to its average volume of 835,427. The stock has a 50-day moving average of $27.35 and a 200 day moving average of $32.66. Werner Enterprises, Inc. has a twelve month low of $23.02 and a twelve month high of $42.48. The company has a market capitalization of $1.66 billion, a P/E ratio of 48.96 and a beta of 1.09. 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 announced 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). The firm had revenue of $712.11 million for 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 company's quarterly revenue was down 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.14 EPS. As a group, analysts expect that Werner Enterprises, Inc. will post 1.27 earnings per share for the current fiscal year.

Werner Enterprises Announces Dividend

The business 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. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date of this dividend is Monday, July 7th. Werner Enterprises's payout ratio is 193.10%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Wells Fargo & Company dropped their price target on Werner Enterprises from $27.00 to $24.00 and set an "underweight" rating for the company in a research report on Wednesday, April 30th. Evercore ISI downgraded Werner Enterprises from an "in-line" rating to an "underperform" rating and dropped their price target for the stock from $27.00 to $21.00 in a research report on Wednesday, April 30th. UBS Group dropped their price target on Werner Enterprises from $30.00 to $27.00 and set a "neutral" rating for the company in a research report on Monday, May 5th. Barclays dropped their price target on Werner Enterprises from $32.00 to $28.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 30th. Finally, The Goldman Sachs Group raised Werner Enterprises from a "sell" rating to a "buy" rating and lifted their price objective for the company from $25.00 to $39.00 in a research report on Monday. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $30.77.

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.