Werner Enterprises, Inc. (NASDAQ:WERN) Shares Acquired by Two Sigma Investments LP

Two Sigma Investments LP raised its position in shares of Werner Enterprises, Inc. (NASDAQ:WERN) by 38.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 379,714 shares of the transportation company’s stock after acquiring an additional 105,092 shares during the quarter. Two Sigma Investments LP owned approximately 0.61% of Werner Enterprises worth $13,639,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in WERN. Maple Rock Capital Partners Inc. acquired a new position in shares of Werner Enterprises during the fourth quarter valued at approximately $35,257,000. Wellington Management Group LLP purchased a new stake in shares of Werner Enterprises during the fourth quarter worth $31,634,000. American Century Companies Inc. grew its holdings in shares of Werner Enterprises by 13.4% during the fourth quarter. American Century Companies Inc. now owns 1,987,187 shares of the transportation company’s stock worth $71,380,000 after buying an additional 234,811 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Werner Enterprises by 9.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,660,846 shares of the transportation company’s stock worth $59,010,000 after buying an additional 143,953 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of Werner Enterprises by 145.2% during the fourth quarter. JPMorgan Chase & Co. now owns 210,389 shares of the transportation company’s stock worth $7,557,000 after buying an additional 124,574 shares in the last quarter. Institutional investors and hedge funds own 89.32% of the company’s stock.

Werner Enterprises Stock Performance

NASDAQ WERN opened at $25.76 on Friday. The stock has a market cap of $1.59 billion, a PE ratio of 46.84 and a beta of 1.09. The company has a current ratio of 1.52, a quick ratio of 1.48 and a debt-to-equity ratio of 0.43. Werner Enterprises, Inc. has a twelve month low of $23.02 and a twelve month high of $42.48. The stock has a fifty day simple moving average of $27.84 and a 200-day simple moving average of $33.41.

Werner Enterprises (NASDAQ:WERN) last issued its quarterly earnings data on Tuesday, April 29th. The transportation company reported ($0.12) EPS for the quarter, missing the consensus estimate of $0.12 by ($0.24). Werner Enterprises had a return on equity of 2.27% and a net margin of 1.13%. The company had revenue of $712.11 million during the quarter, compared to analyst estimates of $738.41 million. During the same quarter in the prior year, the company posted $0.14 earnings per share. The business’s revenue was down 7.4% compared to the same quarter last year. Equities 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 will be paid on Wednesday, July 23rd. Stockholders of record on Monday, July 7th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Monday, July 7th. This represents a $0.56 annualized dividend and a dividend yield of 2.17%. Werner Enterprises’s dividend payout ratio is currently 193.10%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on WERN shares. Stifel Nicolaus dropped their target price on shares of Werner Enterprises from $29.00 to $24.00 and set a “hold” rating for the company in a report on Thursday, May 1st. TD Cowen lowered their target price on Werner Enterprises from $33.00 to $30.00 and set a “buy” rating on the stock in a report on Wednesday, April 30th. Wells Fargo & Company lowered their target price on Werner Enterprises from $27.00 to $24.00 and set an “underweight” rating on the stock in a report on Wednesday, April 30th. Wall Street Zen cut Werner Enterprises from a “hold” rating to a “sell” rating in a report on Thursday, May 8th. Finally, Evercore ISI lowered Werner Enterprises from an “in-line” rating to an “underperform” rating and reduced their price target for the stock from $27.00 to $21.00 in a report on Wednesday, April 30th. Five investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Werner Enterprises has a consensus rating of “Hold” and an average 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.