Freestone Grove Partners LP Invests $1.06 Million in Werner Enterprises, Inc. (NASDAQ:WERN)

Freestone Grove Partners LP acquired a new stake in shares of Werner Enterprises, Inc. (NASDAQ:WERN - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 29,557 shares of the transportation company's stock, valued at approximately $1,062,000.

Other large investors have also recently added to or reduced their stakes in the company. Headlands Technologies LLC bought a new stake in Werner Enterprises during the fourth quarter valued at $39,000. Blue Trust Inc. grew its position in Werner Enterprises by 64.7% in the 4th quarter. Blue Trust Inc. now owns 1,308 shares of the transportation company's stock valued at $50,000 after buying an additional 514 shares in the last quarter. Sterling Capital Management LLC raised its holdings in 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 purchasing an additional 1,513 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in Werner Enterprises by 35.7% during the fourth quarter. Quadrant Capital Group LLC now owns 2,431 shares of the transportation company's stock valued at $87,000 after buying an additional 639 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Werner Enterprises in the 3rd quarter worth approximately $96,000. 89.32% of the stock is currently owned by institutional investors.

Werner Enterprises Stock Up 0.5 %

Werner Enterprises stock traded up $0.13 on Wednesday, hitting $25.30. 1,183,122 shares of the stock traded hands, compared to its average volume of 822,267. The company has a current ratio of 1.52, a quick ratio of 1.48 and a debt-to-equity ratio of 0.43. The business's fifty day simple moving average is $28.91 and its 200 day simple moving average is $34.34. The firm has a market cap of $1.57 billion, a P/E ratio of 46.01 and a beta of 1.09. Werner Enterprises, Inc. has a 1 year low of $23.02 and a 1 year high of $42.48.

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 analysts' consensus estimates of $0.12 by ($0.24). Werner Enterprises had a net margin of 1.13% and a return on equity of 2.27%. The company had revenue of $712.11 million for the quarter, compared to analysts' expectations of $738.41 million. During the same quarter in the previous year, the firm posted $0.14 EPS. The firm's quarterly revenue was down 7.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Werner Enterprises, Inc. will post 1.27 earnings per share for the current year.

Werner Enterprises Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Monday, April 14th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 2.21%. The ex-dividend date of this dividend is Monday, April 14th. Werner Enterprises's dividend payout ratio is presently 193.10%.

Analyst Ratings Changes

WERN has been the topic of several recent analyst reports. TD Cowen cut their price objective on Werner Enterprises from $33.00 to $30.00 and set a "buy" rating on the stock in a report on Wednesday, April 30th. Susquehanna lowered their price objective on shares of Werner Enterprises from $32.00 to $23.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 30th. The Goldman Sachs Group reduced their target price on shares of Werner Enterprises from $28.00 to $25.00 and set a "sell" rating on the stock in a research note on Wednesday, April 30th. Stifel Nicolaus dropped their price objective on shares of Werner Enterprises from $29.00 to $24.00 and set a "hold" rating for the company in a research report on Thursday, May 1st. Finally, Evercore ISI cut shares of Werner Enterprises from an "in-line" rating to an "underperform" rating and reduced their price objective for the company from $27.00 to $21.00 in a research note on Wednesday, April 30th. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target 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.