212,281 Shares in Werner Enterprises, Inc. $WERN Purchased by Natixis Advisors LLC

Natixis Advisors LLC acquired a new position in shares of Werner Enterprises, Inc. (NASDAQ:WERN) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 212,281 shares of the transportation company’s stock, valued at approximately $6,370,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of WERN. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Werner Enterprises during the 4th quarter worth about $34,201,000. Balyasny Asset Management L.P. acquired a new stake in shares of Werner Enterprises during the 2nd quarter worth about $12,972,000. UBS Group AG increased its position in shares of Werner Enterprises by 180.8% during the 4th quarter. UBS Group AG now owns 578,761 shares of the transportation company’s stock worth $17,369,000 after purchasing an additional 372,629 shares during the last quarter. Two Sigma Investments LP increased its position in shares of Werner Enterprises by 222.8% during the 3rd quarter. Two Sigma Investments LP now owns 339,589 shares of the transportation company’s stock worth $8,938,000 after purchasing an additional 234,394 shares during the last quarter. Finally, Bank of America Corp DE increased its position in shares of Werner Enterprises by 33.2% during the 2nd quarter. Bank of America Corp DE now owns 722,269 shares of the transportation company’s stock worth $19,761,000 after purchasing an additional 180,178 shares during the last quarter. 89.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

WERN has been the subject of a number of recent analyst reports. Zacks Research raised Werner Enterprises from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 6th. Wall Street Zen raised Werner Enterprises from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Wells Fargo & Company raised their price objective on Werner Enterprises from $39.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Friday. Citigroup raised their price objective on Werner Enterprises from $34.00 to $37.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Finally, Weiss Ratings raised Werner Enterprises from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, April 29th. One investment analyst has rated the stock with a Buy rating, nine have issued a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average price target of $36.17.

Werner Enterprises Stock Performance

NASDAQ WERN opened at $44.51 on Tuesday. The company has a market cap of $2.67 billion, a P/E ratio of -296.73, a P/E/G ratio of 0.92 and a beta of 1.26. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.46 and a quick ratio of 1.43. The stock has a 50-day moving average of $35.72 and a two-hundred day moving average of $32.80. Werner Enterprises, Inc. has a 1-year low of $23.06 and a 1-year high of $44.75.

Werner Enterprises (NASDAQ:WERN) last released its earnings results on Tuesday, April 28th. The transportation company reported $0.02 earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.05. The company had revenue of $730.14 million during the quarter, compared to the consensus estimate of $812.50 million. Werner Enterprises had a positive return on equity of 0.66% and a negative net margin of 0.28%.Werner Enterprises’s revenue was up 13.6% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.12) EPS. As a group, analysts anticipate that Werner Enterprises, Inc. will post 0.94 EPS for the current year.

Werner Enterprises Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Monday, July 6th will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Monday, July 6th. Werner Enterprises’s payout ratio is currently -373.33%.

Werner Enterprises Company Profile

Werner Enterprises, Inc, founded in 1956 by Clarence L. “Chris” Werner, is a leading transportation and logistics provider based in Omaha, Nebraska. The company began as a one?truck operation and has since grown into one of North America’s largest carriers, offering an array of services to support diverse supply chains.

Werner’s core business activities include full truckload dry van services, dedicated contract carriage, intermodal transport and brokerage solutions. The company also provides value-added services such as warehousing, freight management and fleet maintenance through its network of terminals and service centers.