Duality Advisers LP Has $238,000 Stock Position in Werner Enterprises, Inc. (NASDAQ:WERN)

Duality Advisers LP trimmed its position in shares of Werner Enterprises, Inc. (NASDAQ:WERN - Free Report) by 84.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,624 shares of the transportation company's stock after selling 29,639 shares during the period. Duality Advisers LP's holdings in Werner Enterprises were worth $238,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of WERN. Blue Trust Inc. lifted its stake in shares of Werner Enterprises by 139.9% in the 4th quarter. Blue Trust Inc. now owns 703 shares of the transportation company's stock worth $30,000 after acquiring an additional 410 shares during the period. Headlands Technologies LLC acquired a new stake in shares of Werner Enterprises in the 3rd quarter worth approximately $36,000. Planned Solutions Inc. acquired a new stake in shares of Werner Enterprises in the 4th quarter worth approximately $57,000. Strs Ohio lifted its stake in shares of Werner Enterprises by 35.3% in the 3rd quarter. Strs Ohio now owns 2,300 shares of the transportation company's stock worth $89,000 after acquiring an additional 600 shares during the period. Finally, Covestor Ltd lifted its stake in shares of Werner Enterprises by 46.5% in the 3rd quarter. Covestor Ltd now owns 2,402 shares of the transportation company's stock worth $94,000 after acquiring an additional 762 shares during the period. 89.32% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently weighed in on WERN. StockNews.com raised shares of Werner Enterprises from a "sell" rating to a "hold" rating in a research note on Tuesday, February 27th. Barclays lowered shares of Werner Enterprises from an "overweight" rating to an "equal weight" rating and reduced their price target for the stock from $45.00 to $40.00 in a research note on Monday, April 1st. Stifel Nicolaus dropped their target price on shares of Werner Enterprises from $42.00 to $39.00 and set a "hold" rating on the stock in a report on Thursday, April 18th. Susquehanna dropped their target price on shares of Werner Enterprises from $40.00 to $35.00 and set a "neutral" rating on the stock in a report on Monday, March 25th. Finally, Bank of America dropped their target price on shares of Werner Enterprises from $35.00 to $34.00 and set an "underperform" rating on the stock in a report on Monday, April 15th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Werner Enterprises presently has an average rating of "Hold" and a consensus target price of $44.00.

Werner Enterprises Trading Down 1.0 %

Shares of WERN stock traded down $0.34 during trading hours on Friday, reaching $34.74. 561,027 shares of the stock traded hands, compared to its average volume of 510,520. Werner Enterprises, Inc. has a 1-year low of $34.57 and a 1-year high of $47.27. The business has a fifty day moving average price of $38.04 and a 200 day moving average price of $39.19. The company has a quick ratio of 1.87, a current ratio of 1.92 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $2.20 billion, a PE ratio of 19.74, a PEG ratio of 1.07 and a beta of 0.78.

Werner Enterprises (NASDAQ:WERN - Get Free Report) last released its quarterly earnings results on Monday, February 5th. The transportation company reported $0.39 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.44 by ($0.05). Werner Enterprises had a net margin of 3.42% and a return on equity of 8.17%. The firm had revenue of $821.90 million for the quarter, compared to analyst estimates of $820.90 million. During the same quarter in the prior year, the firm earned $0.99 EPS. The firm's revenue was down 4.6% compared to the same quarter last year. On average, equities research analysts forecast that Werner Enterprises, Inc. will post 1.91 EPS for the current year.

Werner Enterprises Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Monday, April 15th will be issued a dividend of $0.14 per share. The ex-dividend date of this dividend is Friday, April 12th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.61%. Werner Enterprises's dividend payout ratio is currently 31.82%.

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.