BNP Paribas Arbitrage SA lowered its holdings in shares of Werner Enterprises (NASDAQ:WERN) by 49.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,229 shares of the transportation company’s stock after selling 12,799 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in Werner Enterprises were worth $483,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also added to or reduced their stakes in the company. Virtu Financial LLC bought a new position in Werner Enterprises during the fourth quarter valued at $248,000. Advisor Group Inc. lifted its holdings in shares of Werner Enterprises by 15,248.9% in the 4th quarter. Advisor Group Inc. now owns 6,907 shares of the transportation company’s stock worth $267,000 after acquiring an additional 6,862 shares during the last quarter. Hanseatic Management Services Inc. bought a new stake in shares of Werner Enterprises in the 4th quarter worth about $290,000. Amundi Pioneer Asset Management Inc. bought a new stake in shares of Werner Enterprises in the 4th quarter worth about $313,000. Finally, Jefferies Group LLC bought a new stake in shares of Werner Enterprises in the 4th quarter worth about $373,000. Institutional investors and hedge funds own 68.38% of the company’s stock.
WERN has been the subject of several analyst reports. BidaskClub upgraded shares of Werner Enterprises from a “hold” rating to a “buy” rating in a report on Wednesday, May 30th. ValuEngine upgraded shares of Werner Enterprises from a “hold” rating to a “buy” rating in a report on Saturday, May 26th. Credit Suisse Group raised their target price on shares of Werner Enterprises from $38.00 to $39.00 and gave the stock a “neutral” rating in a report on Friday, April 20th. Deutsche Bank upgraded shares of Werner Enterprises from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a report on Monday, April 2nd. Finally, Zacks Investment Research lowered shares of Werner Enterprises from a “buy” rating to a “hold” rating in a report on Saturday, April 7th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the stock. Werner Enterprises has a consensus rating of “Hold” and a consensus price target of $41.43.
In related news, Director Diane K. Duren purchased 7,000 shares of Werner Enterprises stock in a transaction that occurred on Tuesday, April 24th. The shares were bought at an average price of $36.19 per share, with a total value of $253,330.00. Following the purchase, the director now directly owns 8,934 shares of the company’s stock, valued at approximately $323,321.46. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 34.50% of the company’s stock.
Werner Enterprises opened at $38.00 on Tuesday, Marketbeat reports. The stock has a market capitalization of $2.88 billion, a P/E ratio of 30.47, a P/E/G ratio of 1.36 and a beta of 1.01. Werner Enterprises has a 12 month low of $28.55 and a 12 month high of $43.95. The company has a current ratio of 1.94, a quick ratio of 1.89 and a debt-to-equity ratio of 0.06.
Werner Enterprises (NASDAQ:WERN) last posted its quarterly earnings results on Thursday, April 19th. The transportation company reported $0.38 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.02. The company had revenue of $562.68 million for the quarter, compared to the consensus estimate of $553.72 million. Werner Enterprises had a net margin of 9.86% and a return on equity of 9.30%. The firm’s revenue was up 12.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.22 EPS. equities research analysts expect that Werner Enterprises will post 2.01 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 17th. Investors of record on Monday, July 2nd will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend is Friday, June 29th. This is an increase from Werner Enterprises’s previous quarterly dividend of $0.07. Werner Enterprises’s dividend payout ratio (DPR) is currently 22.05%.
About Werner Enterprises
Werner Enterprises, Inc, a transportation and logistics company, engages in transporting truckload shipments of general commodities in interstate and intrastate commerce in the United States, Mexico, Canada, China, and Australia. It operates through two segments, Truckload Transportation Services and Werner Logistics.
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