Werner Enterprises, Inc. (NASDAQ:WERN) Shares Bought by Two Sigma Investments LP

Two Sigma Investments LP raised its holdings in Werner Enterprises, Inc. (NASDAQ:WERN - Free Report) by 38.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 379,714 shares of the transportation company's stock after buying an additional 105,092 shares during the period. Two Sigma Investments LP owned approximately 0.61% of Werner Enterprises worth $13,639,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in Werner Enterprises by 0.5% in the 4th 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 period. Deprince Race & Zollo Inc. raised its holdings in shares of Werner Enterprises by 0.9% in 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 in the last quarter. American Century Companies Inc. raised its holdings in shares of Werner Enterprises by 13.4% in 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 in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Werner Enterprises by 9.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,660,846 shares of the transportation company's stock valued at $59,010,000 after purchasing an additional 143,953 shares in the last quarter. Finally, Maple Rock Capital Partners Inc. acquired a new stake in shares of Werner Enterprises in the 4th quarter valued at $35,257,000. Hedge funds and other institutional investors own 89.32% of the company's stock.

Werner Enterprises Stock Performance

NASDAQ WERN traded down $0.09 during trading on Thursday, reaching $26.07. The company's stock had a trading volume of 182,372 shares, compared to its average volume of 828,080. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.48 and a current ratio of 1.52. The firm has a market cap of $1.61 billion, a price-to-earnings ratio of 47.46 and a beta of 1.09. Werner Enterprises, Inc. has a twelve month low of $23.02 and a twelve month high of $42.48. The business's fifty day moving average price is $27.65 and its 200-day moving average price is $33.11.

Werner Enterprises (NASDAQ:WERN - Get Free Report) last posted 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 business 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 company's revenue for the quarter was down 7.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.14 earnings per share. As a group, analysts anticipate that Werner Enterprises, Inc. will post 1.27 EPS for the current fiscal year.

Werner Enterprises Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 23rd. Shareholders of record on Monday, July 7th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Monday, July 7th. This represents a $0.56 dividend on an annualized basis and a yield of 2.15%. Werner Enterprises's dividend payout ratio is presently 193.10%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on WERN shares. Susquehanna reduced 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. Stifel Nicolaus reduced their price objective on shares of Werner Enterprises from $29.00 to $24.00 and set a "hold" rating on the stock in a report on Thursday, May 1st. Barclays reduced their price objective 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. Wells Fargo & Company reduced their price objective on shares of Werner Enterprises from $27.00 to $24.00 and set an "underweight" rating on the stock in a report on Wednesday, April 30th. Finally, The Goldman Sachs Group reduced their price objective on shares of Werner Enterprises from $28.00 to $25.00 and set a "sell" rating on the stock in a report on Wednesday, April 30th. Five analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, Werner Enterprises has a consensus rating of "Hold" and an average target price of $29.69.

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.