Walleye Capital LLC Takes $1.86 Million Position in Werner Enterprises, Inc. $WERN

Walleye Capital LLC purchased a new stake in Werner Enterprises, Inc. (NASDAQ:WERN) in the 2nd quarter, HoldingsChannel reports. The firm purchased 42,649 shares of the transportation company’s stock, valued at approximately $1,860,000.

A number of other hedge funds have also recently added to or reduced their stakes in WERN. Wellington Management Group LLP raised its position in Werner Enterprises by 605.3% during the fourth quarter. Wellington Management Group LLP now owns 2,510,354 shares of the transportation company’s stock valued at $75,336,000 after acquiring an additional 2,154,428 shares in the last quarter. First Trust Advisors LP lifted its stake in Werner Enterprises by 1,361.0% in the first quarter. First Trust Advisors LP now owns 1,921,152 shares of the transportation company’s stock valued at $56,501,000 after acquiring an additional 1,789,653 shares during the last quarter. Invesco Ltd. grew its position in Werner Enterprises by 539.7% in the fourth quarter. Invesco Ltd. now owns 1,670,737 shares of the transportation company’s stock worth $50,139,000 after acquiring an additional 1,409,556 shares in the last quarter. Balyasny Asset Management L.P. grew its position in Werner Enterprises by 572.4% in the fourth quarter. Balyasny Asset Management L.P. now owns 1,297,054 shares of the transportation company’s stock worth $38,925,000 after acquiring an additional 1,104,160 shares in the last quarter. Finally, Maple Rock Capital Partners Inc. acquired a new position in shares of Werner Enterprises during the 4th quarter worth $23,813,000. Institutional investors and hedge funds own 89.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on WERN. Wells Fargo & Company raised their price target on shares of Werner Enterprises from $39.00 to $46.00 and gave the company an “equal weight” rating in a report on Friday, June 5th. Morgan Stanley increased their target price 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. The Goldman Sachs Group raised their target price on Werner Enterprises from $43.00 to $48.00 and gave the company a “buy” rating in a report on Tuesday, June 23rd. Susquehanna raised Werner Enterprises from a “neutral” rating to a “positive” rating and reduced their price target for the stock from $48.00 to $44.00 in a research report on Thursday, July 30th. Finally, Robert W. Baird upgraded Werner Enterprises from a “neutral” rating to an “outperform” rating and set a $43.00 price target for the company in a research note on Thursday, July 30th. One research 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 issued a Sell rating to the company. According to MarketBeat.com, Werner Enterprises presently has an average rating of “Hold” and an average price target of $41.54.

Werner Enterprises Trading Up 1.0%

NASDAQ:WERN opened at $38.88 on Friday. The company’s 50 day moving average is $41.69 and its 200-day moving average is $36.75. The company has a quick ratio of 1.42, a current ratio of 1.45 and a debt-to-equity ratio of 0.60. Werner Enterprises, Inc. has a 12 month low of $23.06 and a 12 month high of $47.49. The firm has a market cap of $2.33 billion, a price-to-earnings ratio of -51.16, a P/E/G ratio of 0.68 and a beta of 1.27.

Werner Enterprises (NASDAQ:WERN) last posted its quarterly earnings data on Tuesday, July 28th. The transportation company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.02). Werner Enterprises had a positive return on equity of 1.18% and a negative net margin of 1.42%.The firm had revenue of $813.36 million for the quarter, compared to the consensus estimate of $931.12 million. During the same period in the prior year, the company posted $0.11 earnings per share. Werner Enterprises’s quarterly revenue was up 24.0% on a year-over-year basis. Equities analysts anticipate that Werner Enterprises, Inc. will post 1.13 EPS for the current year.

Werner Enterprises Announces Dividend

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

Werner Enterprises 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.