Kendall Capital Management Sells 4,320 Shares of Werner Enterprises, Inc. (NASDAQ:WERN)

Kendall Capital Management lessened its stake in Werner Enterprises, Inc. (NASDAQ:WERN) by 37.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,310 shares of the transportation company’s stock after selling 4,320 shares during the period. Kendall Capital Management’s holdings in Werner Enterprises were worth $310,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Dark Forest Capital Management LP purchased a new position in Werner Enterprises in the first quarter worth about $26,000. Blue Trust Inc. raised its holdings in 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 last quarter. Advisors Asset Management Inc. lifted its position in Werner Enterprises by 135.2% in the 4th quarter. Advisors Asset Management Inc. now owns 821 shares of the transportation company’s stock valued at $33,000 after acquiring an additional 472 shares in the last quarter. Headlands Technologies LLC bought a new stake in shares of Werner Enterprises in the 3rd quarter worth $36,000. Finally, Planned Solutions Inc. purchased a new position in shares of Werner Enterprises in the fourth quarter worth $57,000. Institutional investors own 89.32% of the company’s stock.

Wall Street Analyst Weigh In

WERN has been the topic of several recent analyst reports. Stephens reaffirmed an “overweight” rating and set a $49.00 price objective on shares of Werner Enterprises in a research report on Wednesday, February 7th. Susquehanna reduced their price target on shares of Werner Enterprises from $40.00 to $35.00 and set a “neutral” rating for the company in a research note on Monday, March 25th. StockNews.com upgraded shares of Werner Enterprises from a “sell” rating to a “hold” rating in a research report on Tuesday, February 27th. Morgan Stanley dropped their target price on shares of Werner Enterprises from $60.00 to $59.00 and set an “overweight” rating on the stock in a report on Wednesday, February 7th. Finally, Stifel Nicolaus lowered shares of Werner Enterprises from a “buy” rating to a “hold” rating and decreased their target price for the company from $45.00 to $42.00 in a research note on Thursday, February 8th. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $44.50.

Werner Enterprises Trading Down 4.2 %

Shares of WERN stock opened at $36.90 on Thursday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.92 and a quick ratio of 1.87. The company has a market cap of $2.34 billion, a price-to-earnings ratio of 20.97, a PEG ratio of 1.10 and a beta of 0.78. Werner Enterprises, Inc. has a 1 year low of $35.02 and a 1 year high of $47.27. The firm has a fifty day moving average price of $39.25 and a 200-day moving average price of $39.45.

Werner Enterprises (NASDAQ:WERN) last released its earnings results on Monday, February 5th. The transportation company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.05). The company had revenue of $821.90 million for the quarter, compared to analysts’ expectations of $820.90 million. Werner Enterprises had a net margin of 3.42% and a return on equity of 8.17%. Werner Enterprises’s revenue for the quarter was down 4.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.99 earnings per share. As a group, equities analysts predict that Werner Enterprises, Inc. will post 2.02 earnings per share for the current year.

Werner Enterprises Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Monday, April 15th will be paid 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 1.52%. Werner Enterprises’s dividend payout ratio (DPR) is presently 31.82%.

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.