Maverick Capital Ltd. Purchases Shares of 27,267 Werner Enterprises, Inc. $WERN

Maverick Capital Ltd. acquired a new position in shares of Werner Enterprises, Inc. (NASDAQ:WERN) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 27,267 shares of the transportation company’s stock, valued at approximately $802,000.

Several other hedge funds also recently modified their holdings of the company. PNC Financial Services Group Inc. raised its stake in shares of Werner Enterprises by 41.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,324 shares of the transportation company’s stock valued at $70,000 after acquiring an additional 679 shares during the last quarter. GAMMA Investing LLC increased its holdings in Werner Enterprises by 49.0% during the 4th quarter. GAMMA Investing LLC now owns 2,429 shares of the transportation company’s stock valued at $73,000 after purchasing an additional 799 shares in the last quarter. Covestor Ltd increased its holdings in Werner Enterprises by 28.3% during the 4th quarter. Covestor Ltd now owns 3,261 shares of the transportation company’s stock valued at $98,000 after purchasing an additional 719 shares in the last quarter. KBC Group NV raised its position in Werner Enterprises by 86.9% in the 4th quarter. KBC Group NV now owns 3,614 shares of the transportation company’s stock valued at $108,000 after purchasing an additional 1,680 shares during the last quarter. Finally, Pictet Asset Management Holding SA bought a new position in Werner Enterprises in the 4th quarter valued at $217,000. Institutional investors and hedge funds own 89.32% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on WERN. Wall Street Zen upgraded Werner Enterprises from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Evercore upgraded shares of Werner Enterprises from an “underperform” rating to an “in-line” rating in a research report on Wednesday, July 1st. Weiss Ratings upgraded shares of Werner Enterprises from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, April 29th. Robert W. Baird increased their price objective on shares of Werner Enterprises from $39.00 to $43.00 and gave the stock a “neutral” rating in a report on Wednesday, June 17th. Finally, Stephens raised shares of Werner Enterprises to a “strong-buy” rating in a research note on Wednesday, July 8th. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $41.62.

Werner Enterprises Price Performance

Werner Enterprises stock opened at $38.31 on Wednesday. The business’s 50-day simple moving average is $42.74 and its 200 day simple moving average is $36.40. The company has a quick ratio of 1.43, a current ratio of 1.46 and a debt-to-equity ratio of 0.66. The stock has a market cap of $2.30 billion, a price-to-earnings ratio of -255.40, a P/E/G ratio of 0.79 and a beta of 1.26. Werner Enterprises, Inc. has a 12-month low of $23.06 and a 12-month high of $47.49.

Werner Enterprises (NASDAQ:WERN) last announced its quarterly earnings data on Tuesday, July 28th. The transportation company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.02). Werner Enterprises had a positive return on equity of 0.66% and a negative net margin of 0.28%.The firm had revenue of $813.36 million for the quarter, compared to the consensus estimate of $931.12 million. During the same period in the prior year, the firm posted $0.11 earnings per share. The business’s revenue for the quarter was up 24.0% compared to the same quarter last year. As a group, research analysts anticipate that Werner Enterprises, Inc. will post 1.02 earnings per share for the current year.

Werner Enterprises Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 22nd. Investors of record on Monday, July 6th were paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Monday, July 6th. Werner Enterprises’s payout ratio is -373.33%.

About Werner Enterprises

Werner Enterprises, Inc, founded in 1956 by Clarence L. “Chris” Werner, is a leading transportation and logistics provider based in Omaha, Nebraska. The company began as a one‐truck operation and has since grown into one of North America’s largest carriers, offering an array of services to support diverse supply chains.

Werner’s core business activities include full truckload dry van services, dedicated contract carriage, intermodal transport and brokerage solutions. The company also provides value-added services such as warehousing, freight management and fleet maintenance through its network of terminals and service centers.