Caxton Associates LLP Takes $2.25 Million Position in Werner Enterprises, Inc. $WERN

Caxton Associates LLP bought a new position in Werner Enterprises, Inc. (NASDAQ:WERN) during the first quarter, Holdings Channel reports. The firm bought 76,427 shares of the transportation company’s stock, valued at approximately $2,248,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in WERN. PNC Financial Services Group Inc. grew its holdings in Werner Enterprises by 41.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,324 shares of the transportation company’s stock valued at $70,000 after buying an additional 679 shares in the last quarter. GAMMA Investing LLC increased its stake in Werner Enterprises by 49.0% in the 4th quarter. GAMMA Investing LLC now owns 2,429 shares of the transportation company’s stock worth $73,000 after acquiring an additional 799 shares during the last quarter. Covestor Ltd raised its holdings in shares of Werner Enterprises by 28.3% during the 4th 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 4th quarter. KBC Group NV now owns 3,614 shares of the transportation company’s stock worth $108,000 after acquiring an additional 1,680 shares in the last quarter. Finally, Pictet Asset Management Holding SA bought a new position in shares of Werner Enterprises during the 4th quarter valued at approximately $217,000. 89.32% of the stock is owned by institutional investors.

Werner Enterprises Price Performance

WERN stock opened at $42.42 on Friday. The stock has a market cap of $2.54 billion, a PE ratio of -282.80, a P/E/G ratio of 0.86 and a beta of 1.26. Werner Enterprises, Inc. has a 12 month low of $23.06 and a 12 month high of $47.49. The company has a 50-day moving average price of $42.67 and a 200 day moving average price of $36.27. The company has a current ratio of 1.46, a quick ratio of 1.43 and a debt-to-equity ratio of 0.66.

Werner Enterprises (NASDAQ:WERN) last posted its quarterly earnings data on Tuesday, April 28th. The transportation company reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.05. The company had revenue of $730.14 million for the quarter, compared to analyst estimates of $812.50 million. Werner Enterprises had a negative net margin of 0.28% and a positive return on equity of 0.66%. The firm’s revenue for the quarter was up 13.6% on a year-over-year basis. During the same period in the prior year, the company posted ($0.12) EPS. Equities research analysts anticipate that Werner Enterprises, Inc. will post 1.02 earnings per share for the current year.

Werner Enterprises Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 22nd. Stockholders of record on Monday, July 6th were paid a dividend of $0.14 per share. The ex-dividend date of this dividend was Monday, July 6th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.3%. Werner Enterprises’s dividend payout ratio is currently -373.33%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Morgan Stanley boosted their price target on shares of Werner Enterprises from $47.00 to $55.00 and gave the stock an “overweight” rating in a research report on Monday, July 6th. Bank of America increased their price objective on shares of Werner Enterprises from $31.00 to $36.00 and gave the company an “underperform” rating in a research report on Thursday. Robert W. Baird lifted their price objective on shares of Werner Enterprises from $39.00 to $43.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 17th. Citigroup boosted their target price on shares of Werner Enterprises from $37.00 to $47.00 and gave the stock a “neutral” rating in a report on Thursday, July 9th. Finally, UBS Group upped their target price on shares of Werner Enterprises from $33.00 to $37.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $41.62.

About Werner Enterprises

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.