Man Group plc Has $2.76 Million Stake in Werner Enterprises, Inc. (NASDAQ:WERN)

Man Group plc decreased its stake in shares of Werner Enterprises, Inc. (NASDAQ:WERN) by 23.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 76,855 shares of the transportation company’s stock after selling 23,983 shares during the quarter. Man Group plc’s holdings in Werner Enterprises were worth $2,761,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Werner Enterprises by 3.9% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,099 shares of the transportation company’s stock worth $1,261,000 after buying an additional 1,327 shares during the period. Jacobs Levy Equity Management Inc. grew its position in shares of Werner Enterprises by 15.6% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 35,637 shares of the transportation company’s stock worth $1,280,000 after buying an additional 4,818 shares during the period. Hudson Bay Capital Management LP grew its position in shares of Werner Enterprises by 6.5% during the 4th quarter. Hudson Bay Capital Management LP now owns 69,256 shares of the transportation company’s stock worth $2,488,000 after buying an additional 4,256 shares during the period. Deutsche Bank AG grew its position in shares of Werner Enterprises by 34.5% during the 4th quarter. Deutsche Bank AG now owns 53,640 shares of the transportation company’s stock worth $1,927,000 after buying an additional 13,758 shares during the period. Finally, Deprince Race & Zollo Inc. grew its position in shares of Werner Enterprises by 0.9% during the 4th quarter. Deprince Race & Zollo Inc. now owns 2,121,696 shares of the transportation company’s stock worth $76,211,000 after buying an additional 19,370 shares during the period. Institutional investors and hedge funds own 89.32% of the company’s stock.

Werner Enterprises Price Performance

Shares of NASDAQ:WERN opened at $26.16 on Friday. The company has a current ratio of 1.52, a quick ratio of 1.48 and a debt-to-equity ratio of 0.43. The stock’s fifty day simple moving average is $27.93 and its two-hundred day simple moving average is $33.50. Werner Enterprises, Inc. has a 1-year low of $23.02 and a 1-year high of $42.48. The stock has a market cap of $1.62 billion, a PE ratio of 47.56 and a beta of 1.09.

Werner Enterprises (NASDAQ:WERN) last issued its quarterly earnings data on Tuesday, April 29th. The transportation company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.24). Werner Enterprises had a net margin of 1.13% and a return on equity of 2.27%. The company had revenue of $712.11 million for the quarter, compared to the consensus estimate of $738.41 million. During the same quarter last year, the business posted $0.14 earnings per share. Werner Enterprises’s revenue was down 7.4% on a year-over-year basis. As a group, analysts forecast that Werner Enterprises, Inc. will post 1.27 EPS for the current fiscal year.

Werner Enterprises Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 23rd. Shareholders of record on Monday, July 7th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 2.14%. The ex-dividend date of this dividend is Monday, July 7th. Werner Enterprises’s dividend payout ratio (DPR) is presently 193.10%.

Analysts Set New Price Targets

WERN has been the subject of several recent analyst reports. Evercore ISI downgraded shares of Werner Enterprises from an “in-line” rating to an “underperform” rating and reduced their price objective for the stock from $27.00 to $21.00 in a research report on Wednesday, April 30th. Wall Street Zen downgraded shares of Werner Enterprises from a “hold” rating to a “sell” rating in a research report on Thursday, May 8th. Wells Fargo & Company reduced their price target on shares of Werner Enterprises from $27.00 to $24.00 and set an “underweight” rating for the company in a research report on Wednesday, April 30th. Deutsche Bank Aktiengesellschaft started coverage on shares of Werner Enterprises in a research report on Friday, March 7th. They issued a “hold” rating and a $33.00 price target for the company. Finally, Susquehanna reduced their price target on shares of Werner Enterprises from $32.00 to $23.00 and set a “neutral” rating for the company in a research report on Wednesday, April 30th. Five analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Werner Enterprises has a consensus rating of “Hold” and a consensus target price of $29.69.

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.