Two Sigma Securities LLC Makes New Investment in Werner Enterprises, Inc. (NASDAQ:WERN)

Two Sigma Securities LLC bought 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 & Exchange Commission. The institutional investor bought 13,653 shares of the transportation company's stock, valued at approximately $490,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Headlands Technologies LLC bought a new position in shares of Werner Enterprises during the 4th quarter valued at approximately $39,000. Blue Trust Inc. lifted its stake in shares of Werner Enterprises by 64.7% during the fourth quarter. Blue Trust Inc. now owns 1,308 shares of the transportation company's stock worth $50,000 after buying an additional 514 shares during the period. Sterling Capital Management LLC raised its position 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 valued at $61,000 after acquiring an additional 1,513 shares in the last quarter. Quadrant Capital Group LLC increased its holdings in 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 buying an additional 639 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Werner Enterprises during the 3rd quarter worth approximately $96,000. Hedge funds and other institutional investors own 89.32% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Evercore ISI cut Werner Enterprises from an "in-line" rating to an "underperform" rating and lowered their target price for the stock from $27.00 to $21.00 in a report on Wednesday. Stifel Nicolaus cut their price target on Werner Enterprises from $29.00 to $24.00 and set a "hold" rating on the stock in a research note on Thursday. The Goldman Sachs Group reduced their price target on shares of Werner Enterprises from $28.00 to $25.00 and set a "sell" rating for the company in a research report on Wednesday. Citigroup upgraded shares of Werner Enterprises from a "sell" rating to a "neutral" rating and dropped their price objective for the company from $32.00 to $29.00 in a research note on Tuesday, April 8th. Finally, Susquehanna decreased their target price on shares of Werner Enterprises from $32.00 to $23.00 and set a "neutral" rating on the stock in a research report on Wednesday. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $29.92.

Werner Enterprises Price Performance

Shares of NASDAQ:WERN traded up $1.34 on Friday, hitting $26.24. The company's stock had a trading volume of 734,260 shares, compared to its average volume of 882,378. The company has a 50-day simple moving average of $29.31 and a 200 day simple moving average of $34.60. Werner Enterprises, Inc. has a 1 year low of $23.02 and a 1 year high of $42.48. 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 company has a market capitalization of $1.62 billion, a PE ratio of 47.71 and a beta of 1.06.

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 for the quarter, missing analysts' consensus estimates of $0.12 by ($0.24). Werner Enterprises had a return on equity of 2.27% and a net margin of 1.13%. The business had revenue of $712.11 million during the quarter, compared to analysts' expectations of $738.41 million. During the same quarter last year, the company posted $0.14 EPS. Werner Enterprises's revenue for the quarter was down 7.4% compared to the same quarter last year. Sell-side analysts forecast that Werner Enterprises, Inc. will post 1.27 EPS for the current fiscal year.

Werner Enterprises Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Monday, April 14th will be given a dividend of $0.14 per share. The ex-dividend date is Monday, April 14th. This represents a $0.56 annualized dividend and a yield of 2.13%. Werner Enterprises's dividend payout ratio (DPR) is presently 193.10%.

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.