Werner Enterprises, Inc. (NASDAQ:WERN) Shares Sold by DGS Capital Management LLC

DGS Capital Management LLC reduced its position in shares of Werner Enterprises, Inc. (NASDAQ:WERN) by 12.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,660 shares of the transportation company’s stock after selling 832 shares during the period. DGS Capital Management LLC’s holdings in Werner Enterprises were worth $240,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WERN. Dark Forest Capital Management LP acquired a new stake in shares of Werner Enterprises during the first quarter valued at about $26,000. Blue Trust Inc. increased its position in shares of Werner Enterprises by 139.9% during the fourth quarter. Blue Trust Inc. now owns 703 shares of the transportation company’s stock valued at $30,000 after acquiring an additional 410 shares during the last quarter. Advisors Asset Management Inc. increased its position in shares of Werner Enterprises by 135.2% during the fourth quarter. Advisors Asset Management Inc. now owns 821 shares of the transportation company’s stock valued at $33,000 after acquiring an additional 472 shares during the last quarter. Headlands Technologies LLC acquired a new stake in shares of Werner Enterprises during the third quarter valued at about $36,000. Finally, Planned Solutions Inc. purchased a new position in shares of Werner Enterprises in the fourth quarter valued at approximately $57,000. 89.32% of the stock is currently owned by institutional investors and hedge funds.

Werner Enterprises Stock Down 0.0 %

Shares of Werner Enterprises stock opened at $36.14 on Wednesday. Werner Enterprises, Inc. has a 52-week low of $35.02 and a 52-week high of $47.27. The company has a 50 day moving average of $38.98 and a 200 day moving average of $39.39. The company has a quick ratio of 1.87, a current ratio of 1.92 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $2.29 billion, a P/E ratio of 20.53, a P/E/G ratio of 1.06 and a beta of 0.78.

Werner Enterprises (NASDAQ:WERN) last released its quarterly earnings data on Monday, February 5th. The transportation company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.05). Werner Enterprises had a return on equity of 8.17% and a net margin of 3.42%. The company had revenue of $821.90 million for the quarter, compared to analyst estimates of $820.90 million. During the same period in the previous year, the business posted $0.99 EPS. The firm’s revenue for the quarter was down 4.6% compared to the same quarter last year. As a group, research analysts forecast that Werner Enterprises, Inc. will post 1.99 EPS for the current fiscal year.

Werner Enterprises Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Monday, April 15th will be issued a dividend of $0.14 per share. The ex-dividend date of this dividend is Friday, April 12th. This represents a $0.56 dividend on an annualized basis and a yield of 1.55%. Werner Enterprises’s payout ratio is currently 31.82%.

Analysts Set New Price Targets

WERN has been the subject of several recent research reports. Stifel Nicolaus lowered shares of Werner Enterprises from a “buy” rating to a “hold” rating and lowered their price objective for the company from $45.00 to $42.00 in a research note on Thursday, February 8th. Stephens reissued an “overweight” rating and issued a $49.00 price objective on shares of Werner Enterprises in a research note on Wednesday, February 7th. Bank of America lowered their price objective on shares of Werner Enterprises from $35.00 to $34.00 and set an “underperform” rating for the company in a research note on Monday. Barclays lowered shares of Werner Enterprises from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $45.00 to $40.00 in a research note on Monday, April 1st. Finally, Morgan Stanley lowered their price objective on shares of Werner Enterprises from $60.00 to $59.00 and set an “overweight” rating for the company in a research note on Wednesday, February 7th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Werner Enterprises currently has an average rating of “Hold” and an average price target of $44.25.

About Werner Enterprises

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.