WINTON GROUP Ltd Takes $4.06 Million Position in Werner Enterprises, Inc. $WERN

WINTON GROUP Ltd acquired a new position in Werner Enterprises, Inc. (NASDAQ:WERN) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 154,320 shares of the transportation company’s stock, valued at approximately $4,062,000. WINTON GROUP Ltd owned approximately 0.26% of Werner Enterprises as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Elevation Point Wealth Partners LLC acquired a new stake in Werner Enterprises in the 2nd quarter valued at $27,000. Hantz Financial Services Inc. boosted its stake in shares of Werner Enterprises by 289.5% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,293 shares of the transportation company’s stock worth $34,000 after buying an additional 961 shares during the last quarter. Covestor Ltd grew its holdings in shares of Werner Enterprises by 42.0% in the 3rd quarter. Covestor Ltd now owns 2,542 shares of the transportation company’s stock valued at $67,000 after acquiring an additional 752 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of Werner Enterprises by 6.9% in the 3rd quarter. Nisa Investment Advisors LLC now owns 6,271 shares of the transportation company’s stock valued at $165,000 after acquiring an additional 403 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its position in shares of Werner Enterprises by 1,147.3% in the second quarter. Tower Research Capital LLC TRC now owns 8,020 shares of the transportation company’s stock valued at $219,000 after acquiring an additional 7,377 shares during the last quarter. Institutional investors and hedge funds own 89.32% of the company’s stock.

Werner Enterprises Price Performance

NASDAQ:WERN opened at $31.22 on Tuesday. The company has a market cap of $1.87 billion, a P/E ratio of -130.08, a P/E/G ratio of 0.72 and a beta of 1.06. The firm’s fifty day moving average price is $33.61 and its two-hundred day moving average price is $29.70. Werner Enterprises, Inc. has a one year low of $23.02 and a one year high of $38.45. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.95 and a quick ratio of 1.91.

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

Werner Enterprises Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 6th. Stockholders of record on Monday, April 13th will be given a $0.14 dividend. The ex-dividend date of this dividend is Monday, April 13th. This represents a $0.56 annualized dividend and a dividend yield of 1.8%. Werner Enterprises’s dividend payout ratio is presently -233.33%.

Insider Buying and Selling at Werner Enterprises

In other news, COO Eric J. Downing sold 1,428 shares of the stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $35.00, for a total transaction of $49,980.00. Following the transaction, the chief operating officer owned 57,364 shares in the company, valued at approximately $2,007,740. This trade represents a 2.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.30% of the company’s stock.

Analysts Set New Price Targets

WERN has been the topic of several analyst reports. Weiss Ratings reiterated a “sell (d)” rating on shares of Werner Enterprises in a report on Monday, December 22nd. Stifel Nicolaus raised their price target on Werner Enterprises from $26.00 to $29.00 and gave the company a “hold” rating in a research note on Wednesday, January 14th. Barclays boosted their price target on Werner Enterprises from $28.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 15th. TD Cowen increased their price objective on Werner Enterprises from $31.00 to $39.00 and gave the company a “hold” rating in a report on Friday, February 6th. Finally, Robert W. Baird raised shares of Werner Enterprises from an “underperform” rating to a “neutral” rating and set a $34.00 target price for the company in a research note on Thursday, January 29th. Two equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average price target of $33.15.

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.