Two Sigma Investments LP Has $13.64 Million Stock Position in Werner Enterprises, Inc. (NASDAQ:WERN)

Two Sigma Investments LP increased its holdings in shares of Werner Enterprises, Inc. (NASDAQ:WERN - Free Report) by 38.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 379,714 shares of the transportation company's stock after acquiring an additional 105,092 shares during the period. Two Sigma Investments LP owned about 0.61% of Werner Enterprises worth $13,639,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted 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 acquiring an additional 32,228 shares during the period. Deprince Race & Zollo Inc. increased its position in shares of 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 worth $76,211,000 after purchasing an additional 19,370 shares in the last quarter. American Century Companies Inc. lifted its holdings 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 lifted 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 valued at $59,010,000 after purchasing an additional 143,953 shares during the last quarter. Finally, Maple Rock Capital Partners Inc. acquired a new position in Werner Enterprises in the fourth quarter valued at about $35,257,000. Institutional investors own 89.32% of the company's stock.

Werner Enterprises Trading Up 2.3%

Werner Enterprises stock traded up $0.60 during midday trading on Tuesday, hitting $26.36. 611,420 shares of the stock were exchanged, compared to its average volume of 829,694. Werner Enterprises, Inc. has a 52 week low of $23.02 and a 52 week high of $42.48. The company has a quick ratio of 1.48, a current ratio of 1.52 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $1.63 billion, a PE ratio of 47.93 and a beta of 1.09. The company has a fifty day simple moving average of $27.77 and a two-hundred day simple moving average of $33.21.

Werner Enterprises (NASDAQ:WERN - Get Free Report) last announced its quarterly earnings results 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 firm had revenue of $712.11 million during the quarter, compared to analyst estimates of $738.41 million. During the same period last year, the firm earned $0.14 EPS. Werner Enterprises's quarterly revenue was down 7.4% on a year-over-year basis. Equities research analysts anticipate that Werner Enterprises, Inc. will post 1.27 EPS for the current fiscal year.

Werner Enterprises Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 23rd. Shareholders of record on Monday, July 7th will be issued a $0.14 dividend. The ex-dividend date is Monday, July 7th. This represents a $0.56 annualized dividend and a dividend yield of 2.12%. Werner Enterprises's dividend payout ratio (DPR) is currently 193.10%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on WERN. Deutsche Bank Aktiengesellschaft began coverage on shares of Werner Enterprises in a research note on Friday, March 7th. They issued a "hold" rating and a $33.00 target price for the company. Wells Fargo & Company reduced their price objective on Werner Enterprises from $27.00 to $24.00 and set an "underweight" rating on the stock in a research note on Wednesday, April 30th. The Goldman Sachs Group lowered their target price 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. Stifel Nicolaus reduced their price target on shares of Werner Enterprises from $29.00 to $24.00 and set a "hold" rating on the stock in a research report on Thursday, May 1st. Finally, TD Cowen lowered their price objective on shares of Werner Enterprises from $33.00 to $30.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. Five research analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, Werner Enterprises presently has an average rating of "Hold" and an average price target 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.