42,649 Shares in Werner Enterprises, Inc. $WERN Purchased by Walleye Capital LLC

Walleye Capital LLC acquired a new position in shares of Werner Enterprises, Inc. (NASDAQ:WERN) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 42,649 shares of the transportation company’s stock, valued at approximately $1,860,000. Walleye Capital LLC owned 0.07% of Werner Enterprises at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. PNC Financial Services Group Inc. boosted its holdings in shares of Werner Enterprises by 41.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,324 shares of the transportation company’s stock worth $70,000 after buying an additional 679 shares during the period. Covestor Ltd increased its position in shares of Werner Enterprises by 28.3% in the fourth quarter. Covestor Ltd now owns 3,261 shares of the transportation company’s stock worth $98,000 after acquiring an additional 719 shares in the last quarter. KBC Group NV raised its holdings in shares of Werner Enterprises by 86.9% during the fourth quarter. KBC Group NV now owns 3,614 shares of the transportation company’s stock valued at $108,000 after acquiring an additional 1,680 shares during the period. GAMMA Investing LLC raised its holdings in shares of Werner Enterprises by 21.5% during the second quarter. GAMMA Investing LLC now owns 3,812 shares of the transportation company’s stock valued at $166,000 after acquiring an additional 675 shares during the period. Finally, Legacy Wealth Asset Management LLC purchased a new stake in shares of Werner Enterprises in the 2nd quarter valued at approximately $259,000. 89.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

WERN has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. raised their price objective on shares of Werner Enterprises from $37.00 to $39.00 and gave the stock an “underweight” rating in a research note on Wednesday, July 29th. TD Cowen cut their target price on shares of Werner Enterprises from $43.00 to $41.00 and set a “hold” rating on the stock in a research note on Wednesday, July 29th. Zacks Research lowered Werner Enterprises from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 4th. Wall Street Zen raised Werner Enterprises from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, Evercore upgraded Werner Enterprises from an “underperform” rating to an “in-line” rating in a report on Wednesday, July 1st. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Werner Enterprises has a consensus rating of “Hold” and a consensus target price of $41.54.

Werner Enterprises Stock Performance

Shares of WERN opened at $38.88 on Friday. The company has a market capitalization of $2.33 billion, a PE ratio of -51.16, a PEG ratio of 0.68 and a beta of 1.27. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.42 and a current ratio of 1.45. The company’s 50 day moving average price is $41.69 and its 200 day moving average price is $36.75. Werner Enterprises, Inc. has a 52 week low of $23.06 and a 52 week high of $47.49.

Werner Enterprises (NASDAQ:WERN) last released its earnings results on Tuesday, July 28th. The transportation company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.02). The company had revenue of $813.36 million during the quarter, compared to analysts’ expectations of $931.12 million. Werner Enterprises had a positive return on equity of 1.18% and a negative net margin of 1.42%.The firm’s quarterly revenue was up 24.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.11 EPS. Research analysts expect that Werner Enterprises, Inc. will post 1.13 EPS for the current fiscal year.

Werner Enterprises Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 21st. Stockholders of record on Monday, October 5th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Monday, October 5th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.4%. Werner Enterprises’s dividend payout ratio is -73.68%.

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.