Quantbot Technologies LP Increases Stake in Werner Enterprises, Inc. (NASDAQ:WERN)

Quantbot Technologies LP raised its position in Werner Enterprises, Inc. (NASDAQ:WERN) by 47.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 29,514 shares of the transportation company’s stock after acquiring an additional 9,465 shares during the period. Quantbot Technologies LP’s holdings in Werner Enterprises were worth $1,060,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. CIBC Asset Management Inc raised its holdings in Werner Enterprises by 4.6% during the fourth quarter. CIBC Asset Management Inc now owns 6,168 shares of the transportation company’s stock worth $222,000 after purchasing an additional 274 shares in the last quarter. Keybank National Association OH increased its position in Werner Enterprises by 1.5% during the 4th quarter. Keybank National Association OH now owns 20,216 shares of the transportation company’s stock worth $726,000 after purchasing an additional 305 shares during the period. State of New Jersey Common Pension Fund D raised its stake in shares of Werner Enterprises by 0.7% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 53,495 shares of the transportation company’s stock worth $1,922,000 after buying an additional 359 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of Werner Enterprises by 64.7% in the 4th quarter. Blue Trust Inc. now owns 1,308 shares of the transportation company’s stock valued at $50,000 after buying an additional 514 shares during the period. Finally, Inspire Investing LLC boosted its stake in shares of Werner Enterprises by 5.2% in the fourth quarter. Inspire Investing LLC now owns 11,144 shares of the transportation company’s stock valued at $400,000 after buying an additional 551 shares in the last quarter. Hedge funds and other institutional investors own 89.32% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on WERN shares. Barclays cut their price objective on Werner Enterprises from $40.00 to $38.00 and set an “equal weight” rating for the company in a research report on Friday, February 7th. Susquehanna upgraded shares of Werner Enterprises from a “negative” rating to a “neutral” rating and set a $38.00 price target for the company in a report on Friday, January 3rd. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Werner Enterprises in a report on Friday, March 7th. They set a “hold” rating and a $33.00 price objective on the stock. StockNews.com raised shares of Werner Enterprises from a “sell” rating to a “hold” rating in a report on Wednesday, March 19th. Finally, Stifel Nicolaus boosted their price target on Werner Enterprises from $30.00 to $35.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. Five investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $37.00.

Werner Enterprises Stock Down 0.5 %

WERN opened at $29.97 on Wednesday. The firm has a market cap of $1.85 billion, a P/E ratio of 54.49 and a beta of 0.85. The business’s fifty day simple moving average is $33.67 and its 200 day simple moving average is $36.36. Werner Enterprises, Inc. has a 52 week low of $28.77 and a 52 week high of $42.48. The company has a quick ratio of 1.48, a current ratio of 1.52 and a debt-to-equity ratio of 0.43.

Werner Enterprises (NASDAQ:WERN) last released its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.15). Werner Enterprises had a return on equity of 2.27% and a net margin of 1.13%. As a group, equities research analysts anticipate that Werner Enterprises, Inc. will post 1.27 EPS for the current fiscal year.

Werner Enterprises Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Monday, April 14th will be paid a $0.14 dividend. The ex-dividend date is Monday, April 14th. This represents a $0.56 annualized dividend and a yield of 1.87%. Werner Enterprises’s payout ratio is currently 101.82%.

Werner Enterprises 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.