29,557 Shares in Werner Enterprises, Inc. (NASDAQ:WERN) Bought by Freestone Grove Partners LP

Freestone Grove Partners LP bought a new position in shares of Werner Enterprises, Inc. (NASDAQ:WERN - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 29,557 shares of the transportation company's stock, valued at approximately $1,062,000.

Other hedge funds have also modified their holdings of the company. Headlands Technologies LLC purchased a new position in Werner Enterprises during the fourth quarter worth approximately $39,000. Blue Trust Inc. lifted its position in shares of Werner Enterprises by 64.7% during the 4th quarter. Blue Trust Inc. now owns 1,308 shares of the transportation company's stock worth $50,000 after purchasing an additional 514 shares during the last quarter. Sterling Capital Management LLC lifted its holdings in shares of Werner Enterprises by 796.3% in the 4th quarter. Sterling Capital Management LLC now owns 1,703 shares of the transportation company's stock valued at $61,000 after purchasing an additional 1,513 shares during the last quarter. Quadrant Capital Group LLC increased its holdings in shares of Werner Enterprises by 35.7% in the fourth quarter. Quadrant Capital Group LLC now owns 2,431 shares of the transportation company's stock valued at $87,000 after purchasing an additional 639 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Werner Enterprises during the 3rd quarter worth $96,000. 89.32% of the stock is owned by hedge funds and other institutional investors.

Werner Enterprises Stock Up 4.3 %

Werner Enterprises stock traded up $1.08 during mid-day trading on Thursday, hitting $26.42. The company's stock had a trading volume of 261,787 shares, compared to its average volume of 818,289. Werner Enterprises, Inc. has a 52-week low of $23.02 and a 52-week high of $42.48. The company has a market cap of $1.63 billion, a PE ratio of 48.01 and a beta of 1.09. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.52 and a quick ratio of 1.48. The firm's 50 day moving average is $28.76 and its 200 day moving average is $34.28.

Werner Enterprises (NASDAQ:WERN - Get Free Report) last announced 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 company had revenue of $712.11 million for the quarter, compared to analysts' expectations of $738.41 million. Werner Enterprises had a net margin of 1.13% and a return on equity of 2.27%. The business's revenue for the quarter was down 7.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.14 earnings per share. On average, analysts anticipate that Werner Enterprises, Inc. will post 1.27 earnings per share for the current year.

Werner Enterprises Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 7th. Stockholders of record on Monday, April 14th were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date was Monday, April 14th. Werner Enterprises's dividend payout ratio is 193.10%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Stifel Nicolaus decreased their price objective on Werner Enterprises from $29.00 to $24.00 and set a "hold" rating on the stock in a report on Thursday, May 1st. Wells Fargo & Company lowered their target price on shares of Werner Enterprises from $27.00 to $24.00 and set an "underweight" rating for the company in a research note on Wednesday, April 30th. StockNews.com lowered Werner Enterprises from a "hold" rating to a "sell" rating in a report on Thursday. Citigroup upgraded Werner Enterprises from a "sell" rating to a "neutral" rating and cut their target price for the company from $32.00 to $29.00 in a research note on Tuesday, April 8th. Finally, TD Cowen lowered their price target on Werner Enterprises from $33.00 to $30.00 and set a "buy" rating on the stock in a report on Wednesday, April 30th. Five analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Werner Enterprises presently has an average rating of "Hold" and a consensus price target 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.