Maple Rock Capital Partners Inc. Acquires 812,800 Shares of Werner Enterprises, Inc. $WERN

Maple Rock Capital Partners Inc. lifted its holdings in shares of Werner Enterprises, Inc. (NASDAQ:WERN) by 146.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,366,167 shares of the transportation company’s stock after purchasing an additional 812,800 shares during the quarter. Werner Enterprises accounts for about 1.2% of Maple Rock Capital Partners Inc.’s portfolio, making the stock its 25th biggest position. Maple Rock Capital Partners Inc.’s holdings in Werner Enterprises were worth $59,579,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Werner Enterprises by 0.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 126,854 shares of the transportation company’s stock valued at $3,717,000 after purchasing an additional 401 shares during the period. CANADA LIFE ASSURANCE Co raised its holdings in Werner Enterprises by 0.8% during the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 64,228 shares of the transportation company’s stock worth $1,758,000 after buying an additional 503 shares during the period. California State Teachers Retirement System raised its holdings in Werner Enterprises by 1.1% during the 2nd quarter. California State Teachers Retirement System now owns 57,011 shares of the transportation company’s stock worth $1,560,000 after buying an additional 601 shares during the period. GAMMA Investing LLC lifted its stake in Werner Enterprises by 21.5% in the second quarter. GAMMA Investing LLC now owns 3,812 shares of the transportation company’s stock valued at $166,000 after buying an additional 675 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in 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 buying an additional 679 shares in the last quarter. Institutional investors own 89.32% of the company’s stock.

Werner Enterprises Price Performance

NASDAQ WERN opened at $39.18 on Tuesday. The firm’s 50 day moving average is $40.83 and its 200-day moving average is $37.00. The company has a quick ratio of 1.42, a current ratio of 1.45 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $2.35 billion, a PE ratio of -51.55, a price-to-earnings-growth ratio of 0.68 and a beta of 1.27. 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 earnings results on Tuesday, July 28th. The transportation company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.02). The business had revenue of $813.36 million for the quarter, compared to analyst estimates of $931.12 million. Werner Enterprises had a positive return on equity of 1.18% and a negative net margin of 1.42%.The business’s revenue for the quarter was up 24.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.11 EPS. Equities research analysts anticipate that Werner Enterprises, Inc. will post 1.13 earnings per share for the current fiscal year.

Werner Enterprises Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 21st. Investors of record on Monday, October 5th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 1.4%. The ex-dividend date is Monday, October 5th. Werner Enterprises’s dividend payout ratio is presently -73.68%.

Analyst Ratings Changes

Several brokerages have recently issued reports on WERN. Citigroup increased their price objective on shares of Werner Enterprises from $37.00 to $47.00 and gave the stock a “neutral” rating in a research report on Thursday, July 9th. Bank of America boosted their price objective on shares of Werner Enterprises from $31.00 to $36.00 and gave the company an “underperform” rating in a research report on Thursday, July 23rd. Morgan Stanley upped their target price on shares of Werner Enterprises from $47.00 to $55.00 and gave the stock an “overweight” rating in a research note on Monday, July 6th. Zacks Research cut Werner Enterprises from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 4th. Finally, Stephens raised Werner Enterprises to a “strong-buy” rating in a research note on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $41.54.

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.