Norden Group LLC Raises Stock Holdings in Werner Enterprises, Inc. (NASDAQ:WERN)

Norden Group LLC raised its position in shares of Werner Enterprises, Inc. (NASDAQ:WERN) by 43.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,367 shares of the transportation company’s stock after acquiring an additional 3,416 shares during the period. Norden Group LLC’s holdings in Werner Enterprises were worth $445,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Werner Enterprises by 9.7% during the 4th quarter. Vanguard Group Inc. now owns 6,420,141 shares of the transportation company’s stock worth $272,021,000 after acquiring an additional 565,193 shares in the last quarter. Victory Capital Management Inc. raised its holdings in Werner Enterprises by 7.6% during the 4th quarter. Victory Capital Management Inc. now owns 3,973,767 shares of the transportation company’s stock valued at $168,369,000 after buying an additional 282,210 shares during the period. Dimensional Fund Advisors LP raised its holdings in Werner Enterprises by 0.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,811,218 shares of the transportation company’s stock valued at $161,484,000 after buying an additional 33,906 shares during the period. Nuance Investments LLC raised its holdings in Werner Enterprises by 55.8% during the 4th quarter. Nuance Investments LLC now owns 2,268,348 shares of the transportation company’s stock valued at $96,110,000 after buying an additional 812,563 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its holdings in Werner Enterprises by 3.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,421,798 shares of the transportation company’s stock valued at $55,621,000 after buying an additional 48,340 shares during the period. 89.32% of the stock is owned by hedge funds and other institutional investors.

Werner Enterprises Price Performance

WERN opened at $35.84 on Friday. Werner Enterprises, Inc. has a 12-month low of $33.12 and a 12-month high of $47.27. The company has a current ratio of 1.90, a quick ratio of 1.85 and a debt-to-equity ratio of 0.39. The business’s fifty day simple moving average is $36.41 and its 200-day simple moving average is $38.19. The company has a market capitalization of $2.27 billion, a price-to-earnings ratio of 27.36, a PEG ratio of 2.92 and a beta of 0.80.

Werner Enterprises (NASDAQ:WERN) last posted its quarterly earnings results on Tuesday, April 30th. The transportation company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.14). Werner Enterprises had a return on equity of 6.15% and a net margin of 2.59%. The firm had revenue of $769.08 million for the quarter, compared to the consensus estimate of $788.30 million. During the same period in the previous year, the company posted $0.60 EPS. Werner Enterprises’s quarterly revenue was down 7.6% compared to the same quarter last year. On average, equities research analysts anticipate that Werner Enterprises, Inc. will post 1.32 earnings per share for the current fiscal year.

Werner Enterprises Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 17th. Stockholders of record on Monday, July 1st will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date is Monday, July 1st. Werner Enterprises’s payout ratio is 42.75%.

Analyst Ratings Changes

Several research firms recently weighed in on WERN. Stephens restated an “equal weight” rating and set a $40.00 price target on shares of Werner Enterprises in a report on Thursday, May 16th. Stifel Nicolaus decreased their price target on Werner Enterprises from $42.00 to $39.00 and set a “hold” rating on the stock in a report on Thursday, April 18th. JPMorgan Chase & Co. restated an “underweight” rating and set a $32.00 price target (down previously from $36.00) on shares of Werner Enterprises in a report on Tuesday. UBS Group lowered Werner Enterprises from a “buy” rating to a “neutral” rating and set a $39.00 price target on the stock. in a report on Tuesday. Finally, Robert W. Baird cut their price objective on Werner Enterprises from $46.00 to $42.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 1st. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Werner Enterprises has a consensus rating of “Hold” and an average price target of $38.69.

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.