Donald L. Hagan LLC Trims Stake in Werner Enterprises, Inc. (NASDAQ:WERN)

Donald L. Hagan LLC reduced its position in Werner Enterprises, Inc. (NASDAQ:WERN) by 2.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 16,542 shares of the transportation company’s stock after selling 411 shares during the period. Donald L. Hagan LLC’s holdings in Werner Enterprises were worth $701,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its stake in Werner Enterprises by 7.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 576,100 shares of the transportation company’s stock valued at $22,439,000 after acquiring an additional 39,825 shares during the last quarter. Adage Capital Partners GP L.L.C. purchased a new stake in Werner Enterprises during the 3rd quarter valued at approximately $6,643,000. AQR Capital Management LLC raised its stake in Werner Enterprises by 27.8% during the 3rd quarter. AQR Capital Management LLC now owns 705,304 shares of the transportation company’s stock valued at $27,472,000 after acquiring an additional 153,271 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Werner Enterprises by 4.6% during the 2nd quarter. Geode Capital Management LLC now owns 1,280,115 shares of the transportation company’s stock worth $56,555,000 after buying an additional 56,638 shares in the last quarter. Finally, Ergoteles LLC raised its stake in shares of Werner Enterprises by 168.6% during the 2nd quarter. Ergoteles LLC now owns 45,565 shares of the transportation company’s stock worth $2,013,000 after buying an additional 28,598 shares in the last quarter. 89.32% of the stock is owned by hedge funds and other institutional investors.

Werner Enterprises Trading Up 1.4 %

Shares of Werner Enterprises stock traded up $0.55 during trading hours on Friday, reaching $39.12. 666,495 shares of the company’s stock were exchanged, compared to its average volume of 600,201. Werner Enterprises, Inc. has a 52-week low of $35.02 and a 52-week high of $47.27. The firm has a market capitalization of $2.48 billion, a price-to-earnings ratio of 22.23, a price-to-earnings-growth ratio of 1.08 and a beta of 0.79. The company has a fifty day moving average of $39.67 and a 200-day moving average of $39.56. The company has a current ratio of 1.92, a quick ratio of 1.87 and a debt-to-equity ratio of 0.42.

Werner Enterprises (NASDAQ:WERN) last issued its quarterly earnings results on Monday, February 5th. The transportation company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.05). Werner Enterprises had a return on equity of 8.17% and a net margin of 3.42%. The business had revenue of $821.90 million for the quarter, compared to analysts’ expectations of $820.90 million. During the same period in the prior year, the company earned $0.99 EPS. The company’s revenue for the quarter was down 4.6% compared to the same quarter last year. Sell-side analysts forecast that Werner Enterprises, Inc. will post 2.09 EPS for the current fiscal year.

Werner Enterprises Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Monday, April 15th will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.43%. The ex-dividend date is Friday, April 12th. Werner Enterprises’s dividend payout ratio (DPR) is currently 31.82%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. TD Cowen increased their target price on Werner Enterprises from $40.00 to $43.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 7th. StockNews.com upgraded Werner Enterprises from a “sell” rating to a “hold” rating in a report on Tuesday, February 27th. Stifel Nicolaus cut Werner Enterprises from a “buy” rating to a “hold” rating and lowered their price target for the stock from $45.00 to $42.00 in a report on Thursday, February 8th. Susquehanna lowered their price target on Werner Enterprises from $40.00 to $35.00 and set a “neutral” rating on the stock in a report on Monday. Finally, Stephens reiterated an “overweight” rating and set a $49.00 target price on shares of Werner Enterprises in a report on Wednesday, February 7th. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Werner Enterprises currently has a consensus rating of “Hold” and an average price target of $44.50.

Werner Enterprises Company 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.