Jump Financial LLC Acquires 44,696 Shares of Werner Enterprises, Inc. (NASDAQ:WERN)

Jump Financial LLC increased its holdings in Werner Enterprises, Inc. (NASDAQ:WERN) by 330.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 58,219 shares of the transportation company’s stock after buying an additional 44,696 shares during the period. Jump Financial LLC’s holdings in Werner Enterprises were worth $2,091,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Werner Enterprises by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 6,730,457 shares of the transportation company’s stock worth $241,758,000 after purchasing an additional 32,228 shares in the last quarter. American Century Companies Inc. increased its holdings in Werner Enterprises by 13.4% in the 4th quarter. American Century Companies Inc. now owns 1,987,187 shares of the transportation company’s stock valued at $71,380,000 after buying an additional 234,811 shares during the period. Allspring Global Investments Holdings LLC raised its position in shares of Werner Enterprises by 9.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,660,846 shares of the transportation company’s stock valued at $59,010,000 after buying an additional 143,953 shares in the last quarter. Wellington Management Group LLP bought a new position in Werner Enterprises in the fourth quarter valued at approximately $31,634,000. Finally, William Blair Investment Management LLC lifted its holdings in shares of Werner Enterprises by 2.2% in the fourth quarter. William Blair Investment Management LLC now owns 735,695 shares of the transportation company’s stock worth $26,426,000 after acquiring an additional 15,800 shares during the last quarter. Institutional investors and hedge funds own 89.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Susquehanna reduced their price objective on shares of Werner Enterprises from $39.00 to $32.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 26th. Citigroup raised Werner Enterprises from a “sell” rating to a “neutral” rating and dropped their price objective for the company from $32.00 to $29.00 in a research note on Tuesday, April 8th. Deutsche Bank Aktiengesellschaft started coverage on Werner Enterprises in a report on Friday, March 7th. They issued a “hold” rating and a $33.00 target price for the company. Wells Fargo & Company reduced their price target on shares of Werner Enterprises from $34.00 to $27.00 and set an “underweight” rating for the company in a report on Thursday, March 27th. Finally, Barclays reduced their target price on Werner Enterprises from $38.00 to $32.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 2nd. Four research 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. According to MarketBeat, Werner Enterprises has a consensus rating of “Hold” and a consensus price target of $34.71.

Werner Enterprises Stock Performance

Shares of WERN stock opened at $28.30 on Friday. Werner Enterprises, Inc. has a one year low of $26.50 and a one year high of $42.48. The company has a market cap of $1.75 billion, a P/E ratio of 51.45 and a beta of 1.06. The firm has a 50-day moving average of $30.55 and a 200-day moving average of $35.17. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.52 and a quick ratio of 1.48.

Werner Enterprises (NASDAQ:WERN) last released its 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 net margin of 1.13% and a return on equity of 2.27%. Equities research analysts forecast 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 7th. Investors of record on Monday, April 14th will be given a dividend of $0.14 per share. The ex-dividend date is Monday, April 14th. This represents a $0.56 annualized dividend and a yield of 1.98%. 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.