Mariner LLC Sells 6,457 Shares of Werner Enterprises, Inc. (NASDAQ:WERN)

Mariner LLC decreased its position in Werner Enterprises, Inc. (NASDAQ:WERN) by 7.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 76,400 shares of the transportation company’s stock after selling 6,457 shares during the quarter. Mariner LLC owned 0.12% of Werner Enterprises worth $2,744,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. CIBC Asset Management Inc boosted its holdings in shares of Werner Enterprises by 4.6% in the 4th 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 during the period. Keybank National Association OH lifted its position in Werner Enterprises by 1.5% in the fourth quarter. Keybank National Association OH now owns 20,216 shares of the transportation company’s stock worth $726,000 after buying an additional 305 shares during the last quarter. State of New Jersey Common Pension Fund D boosted its stake in Werner Enterprises by 0.7% during the fourth 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 during the period. Bank of Montreal Can increased its position in Werner Enterprises by 7.7% during the fourth quarter. Bank of Montreal Can now owns 6,761 shares of the transportation company’s stock valued at $243,000 after acquiring an additional 485 shares during the last quarter. Finally, Blue Trust Inc. raised its stake in shares of Werner Enterprises by 64.7% in the fourth quarter. Blue Trust Inc. now owns 1,308 shares of the transportation company’s stock valued at $50,000 after acquiring an additional 514 shares during the period. 89.32% of the stock is owned by hedge funds and other institutional investors.

Werner Enterprises Stock Performance

Shares of Werner Enterprises stock opened at $28.50 on Wednesday. Werner Enterprises, Inc. has a 12 month low of $26.50 and a 12 month high of $42.48. The stock’s fifty day moving average price is $30.30 and its 200-day moving average price is $35.04. The firm has a market cap of $1.76 billion, a P/E ratio of 51.82 and a beta of 1.06. The company has a current ratio of 1.52, a quick ratio of 1.48 and a debt-to-equity ratio of 0.43.

Werner Enterprises (NASDAQ:WERN) last posted its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.08 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%. On average, equities research analysts expect that Werner Enterprises, Inc. will post 1.27 earnings per share for the current fiscal year.

Werner Enterprises Dividend Announcement

The business also recently disclosed 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. This represents a $0.56 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date of this dividend is Monday, April 14th. Werner Enterprises’s payout ratio is currently 101.82%.

Analysts Set New Price Targets

A number of research firms recently commented on WERN. Citigroup raised shares of Werner Enterprises from a “sell” rating to a “neutral” rating and dropped their price target for the stock from $32.00 to $29.00 in a research note on Tuesday, April 8th. UBS Group dropped their target price on Werner Enterprises from $36.00 to $30.00 and set a “neutral” rating for the company in a research report on Tuesday. The Goldman Sachs Group cut their target price on Werner Enterprises from $36.00 to $28.00 and set a “sell” rating on the stock in a research note on Thursday, April 10th. Wells Fargo & Company decreased their price target on Werner Enterprises from $34.00 to $27.00 and set an “underweight” rating for the company in a research note on Thursday, March 27th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Werner Enterprises in a research report on Friday, March 7th. They issued a “hold” rating and a $33.00 price objective on the stock. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Werner Enterprises has an average rating of “Hold” and a consensus price target of $34.07.

About Werner Enterprises

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.