Two Sigma Investments LP Boosts Stock Position in Werner Enterprises, Inc. (NASDAQ:WERN)

Two Sigma Investments LP lifted its holdings in Werner Enterprises, Inc. (NASDAQ:WERN) by 38.3% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 379,714 shares of the transportation company’s stock after purchasing an additional 105,092 shares during the period. Two Sigma Investments LP’s holdings in Werner Enterprises were worth $13,639,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC grew its holdings in shares of Werner Enterprises by 9.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,660,846 shares of the transportation company’s stock valued at $59,010,000 after purchasing an additional 143,953 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Werner Enterprises by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 6,730,457 shares of the transportation company’s stock valued at $241,758,000 after purchasing an additional 32,228 shares during the period. Barclays PLC boosted its holdings in Werner Enterprises by 12.8% in the third quarter. Barclays PLC now owns 435,447 shares of the transportation company’s stock valued at $16,804,000 after purchasing an additional 49,568 shares during the period. Atria Investments Inc boosted its holdings in Werner Enterprises by 16.3% in the fourth quarter. Atria Investments Inc now owns 9,479 shares of the transportation company’s stock valued at $340,000 after purchasing an additional 1,329 shares during the period. Finally, Cibc World Markets Corp purchased a new position in Werner Enterprises in the fourth quarter valued at $207,000. Institutional investors and hedge funds own 89.32% of the company’s stock.

Werner Enterprises Trading Down 1.5%

WERN opened at $25.76 on Friday. The firm has a market cap of $1.59 billion, a price-to-earnings ratio of 46.84 and a beta of 1.09. Werner Enterprises, Inc. has a 52 week low of $23.02 and a 52 week high of $42.48. The business’s 50 day moving average is $27.84 and its two-hundred day moving average is $33.41. The company has a quick ratio of 1.48, a current ratio of 1.52 and a debt-to-equity ratio of 0.43.

Werner Enterprises (NASDAQ:WERN) last released its quarterly earnings results on Tuesday, April 29th. The transportation company reported ($0.12) EPS for the quarter, missing the consensus estimate of $0.12 by ($0.24). The firm had revenue of $712.11 million for the quarter, compared to analyst estimates of $738.41 million. Werner Enterprises had a return on equity of 2.27% and a net margin of 1.13%. The company’s quarterly revenue was down 7.4% on a year-over-year basis. During the same period last year, the firm earned $0.14 EPS. On average, research analysts predict that Werner Enterprises, Inc. will post 1.27 EPS for the current year.

Werner Enterprises Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 23rd. Shareholders of record on Monday, July 7th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 2.17%. The ex-dividend date of this dividend is Monday, July 7th. Werner Enterprises’s payout ratio is currently 193.10%.

Analyst Ratings Changes

A number of research analysts recently issued reports on WERN shares. Deutsche Bank Aktiengesellschaft started coverage on Werner Enterprises in a report on Friday, March 7th. They issued a “hold” rating and a $33.00 target price for the company. Wall Street Zen cut shares of Werner Enterprises from a “hold” rating to a “sell” rating in a report on Thursday, May 8th. Stifel Nicolaus reduced their target price on shares of Werner Enterprises from $29.00 to $24.00 and set a “hold” rating on the stock in a report on Thursday, May 1st. Citigroup raised shares of Werner Enterprises from a “sell” rating to a “neutral” rating and reduced their target price for the company from $32.00 to $29.00 in a report on Tuesday, April 8th. Finally, The Goldman Sachs Group reduced their target price on shares of Werner Enterprises from $28.00 to $25.00 and set a “sell” rating on the stock in a report on Wednesday, April 30th. Five equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Werner Enterprises has an average rating of “Hold” and a consensus price target of $29.69.

Werner Enterprises Company 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.