65,508 Shares in Werner Enterprises, Inc. $WERN Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd bought a new stake in Werner Enterprises, Inc. (NASDAQ:WERN) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 65,508 shares of the transportation company’s stock, valued at approximately $1,927,000.

Other large investors have also added to or reduced their stakes in the company. Vaughan Nelson Investment Management L.P. bought a new position in shares of Werner Enterprises during the 4th quarter valued at about $34,201,000. Thrivent Financial for Lutherans lifted its position in Werner Enterprises by 17.6% in the 4th quarter. Thrivent Financial for Lutherans now owns 205,654 shares of the transportation company’s stock worth $6,172,000 after buying an additional 30,812 shares during the last quarter. Deprince Race & Zollo Inc. lifted its position in Werner Enterprises by 4.6% in the 4th quarter. Deprince Race & Zollo Inc. now owns 2,750,034 shares of the transportation company’s stock worth $82,529,000 after buying an additional 120,343 shares during the last quarter. Vanguard Group Inc. boosted its stake in Werner Enterprises by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 6,514,200 shares of the transportation company’s stock worth $195,491,000 after buying an additional 90,480 shares in the last quarter. Finally, UBS Group AG boosted its stake in Werner Enterprises by 180.8% in the fourth quarter. UBS Group AG now owns 578,761 shares of the transportation company’s stock worth $17,369,000 after buying an additional 372,629 shares in the last quarter. Hedge funds and other institutional investors own 89.32% of the company’s stock.

Werner Enterprises Stock Up 3.8%

Shares of NASDAQ WERN opened at $44.78 on Friday. The firm’s fifty day moving average is $40.71 and its 200 day moving average is $35.19. Werner Enterprises, Inc. has a 52 week low of $23.06 and a 52 week high of $45.27. 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 company has a market cap of $2.68 billion, a price-to-earnings ratio of -298.53, a PEG ratio of 0.88 and a beta of 1.26.

Werner Enterprises (NASDAQ:WERN) last announced its quarterly earnings results on Tuesday, April 28th. The transportation company reported $0.02 earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.05. The business had revenue of $730.14 million during the quarter, compared to analysts’ expectations of $812.50 million. Werner Enterprises had a negative net margin of 0.28% and a positive return on equity of 0.66%. The firm’s revenue for the quarter was up 13.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.12) EPS. On average, equities research analysts expect that Werner Enterprises, Inc. will post 0.98 earnings per share for the current year.

Werner Enterprises Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Monday, July 6th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Monday, July 6th. Werner Enterprises’s dividend payout ratio is -373.33%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Wells Fargo & Company increased their price target on shares of Werner Enterprises from $39.00 to $46.00 and gave the company an “equal weight” rating in a research report on Friday, June 5th. JPMorgan Chase & Co. upped their price objective on shares of Werner Enterprises from $30.00 to $34.00 and gave the company an “underweight” rating in a research note on Wednesday, April 29th. UBS Group increased their target price on shares of Werner Enterprises from $33.00 to $37.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. TD Cowen lifted their target price on shares of Werner Enterprises from $36.00 to $43.00 and gave the stock a “hold” rating in a research report on Wednesday, April 29th. Finally, Zacks Research raised shares of Werner Enterprises from a “hold” rating to a “strong-buy” rating in a research note on Monday. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $39.92.

Werner Enterprises Profile

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.