GSA Capital Partners LLP Purchases New Shares in Werner Enterprises, Inc. $WERN

GSA Capital Partners LLP purchased a new position in shares of Werner Enterprises, Inc. (NASDAQ:WERN) during the 3rd quarter, HoldingsChannel reports. The institutional investor purchased 38,875 shares of the transportation company’s stock, valued at approximately $1,023,000.

A number of other hedge funds have also recently added to or reduced their stakes in WERN. Balyasny Asset Management L.P. acquired a new stake in shares of Werner Enterprises in the second quarter valued at approximately $12,972,000. First Trust Advisors LP lifted its holdings in Werner Enterprises by 17.2% during the 2nd quarter. First Trust Advisors LP now owns 2,893,705 shares of the transportation company’s stock worth $79,172,000 after buying an additional 424,935 shares in the last quarter. Russell Investments Group Ltd. boosted its position in Werner Enterprises by 49.1% in the 2nd quarter. Russell Investments Group Ltd. now owns 704,775 shares of the transportation company’s stock valued at $19,283,000 after buying an additional 232,149 shares during the last quarter. Allianz Asset Management GmbH increased its stake in shares of Werner Enterprises by 52.3% in the 3rd quarter. Allianz Asset Management GmbH now owns 573,891 shares of the transportation company’s stock valued at $15,105,000 after buying an additional 197,155 shares during the period. Finally, Bank of America Corp DE raised its position in shares of Werner Enterprises by 33.2% during the second quarter. Bank of America Corp DE now owns 722,269 shares of the transportation company’s stock worth $19,761,000 after acquiring an additional 180,178 shares during the last quarter. Institutional investors own 89.32% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. TD Cowen raised their target price on shares of Werner Enterprises from $31.00 to $39.00 and gave the company a “hold” rating in a research note on Friday, February 6th. Evercore increased their price objective on shares of Werner Enterprises from $20.00 to $31.00 and gave the company an “underperform” rating in a report on Tuesday, January 13th. Morgan Stanley raised their price objective on shares of Werner Enterprises from $36.00 to $37.00 and gave the company an “overweight” rating in a research note on Monday, December 8th. Wells Fargo & Company upped their target price on shares of Werner Enterprises from $34.00 to $39.00 and gave the company an “equal weight” rating in a research report on Friday, February 6th. Finally, UBS Group increased their price target on Werner Enterprises from $25.00 to $33.00 and gave the company a “neutral” rating in a research note on Tuesday, February 10th. Two research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average target price of $33.14.

Werner Enterprises Trading Up 2.2%

NASDAQ:WERN opened at $34.68 on Friday. The company has a market cap of $2.07 billion, a P/E ratio of -144.50, a price-to-earnings-growth ratio of 0.80 and a beta of 1.08. Werner Enterprises, Inc. has a twelve month low of $23.02 and a twelve month high of $38.45. The business has a 50 day moving average price of $32.90 and a two-hundred day moving average price of $29.17. The company has a quick ratio of 1.90, a current ratio of 1.94 and a debt-to-equity ratio of 0.55.

Werner Enterprises (NASDAQ:WERN) last released its earnings results on Thursday, February 5th. The transportation company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.04). Werner Enterprises had a positive return on equity of 0.04% and a negative net margin of 0.48%.The company had revenue of $737.64 million for the quarter, compared to the consensus estimate of $767.51 million. During the same quarter in the previous year, the company posted $0.08 EPS. The business’s revenue was down 2.3% on a year-over-year basis. As a group, analysts expect that Werner Enterprises, Inc. will post 1.27 EPS for the current fiscal year.

Werner Enterprises Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 6th. Shareholders of record on Monday, April 13th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Monday, April 13th. Werner Enterprises’s dividend payout ratio is currently -233.33%.

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.