6,983 Shares in Werner Enterprises, Inc. (NASDAQ:WERN) Bought by Farringdon Capital Ltd.

Farringdon Capital Ltd. bought a new position in Werner Enterprises, Inc. (NASDAQ:WERN) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 6,983 shares of the transportation company’s stock, valued at approximately $251,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Wellington Management Group LLP acquired a new stake in shares of Werner Enterprises in the fourth quarter valued at about $31,634,000. American Century Companies Inc. grew its holdings in Werner Enterprises by 13.4% in the 4th quarter. American Century Companies Inc. now owns 1,987,187 shares of the transportation company’s stock valued at $71,380,000 after buying an additional 234,811 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Werner Enterprises by 9.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,660,846 shares of the transportation company’s stock valued at $59,010,000 after buying an additional 143,953 shares during the last quarter. JPMorgan Chase & Co. increased its position in Werner Enterprises by 145.2% in the 4th quarter. JPMorgan Chase & Co. now owns 210,389 shares of the transportation company’s stock worth $7,557,000 after buying an additional 124,574 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in shares of Werner Enterprises during the fourth quarter worth approximately $2,791,000. Institutional investors and hedge funds own 89.32% of the company’s stock.

Werner Enterprises Price Performance

NASDAQ:WERN opened at $28.30 on Friday. The firm has a market cap of $1.75 billion, a PE ratio of 51.45 and a beta of 1.06. The company has a quick ratio of 1.48, a current ratio of 1.52 and a debt-to-equity ratio of 0.43. Werner Enterprises, Inc. has a 12 month low of $26.50 and a 12 month high of $42.48. The company’s 50-day moving average price is $30.55 and its two-hundred day moving average price is $35.15.

Werner Enterprises (NASDAQ:WERN) last posted its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.15). Werner Enterprises had a return on equity of 2.27% and a net margin of 1.13%. On average, equities analysts anticipate that Werner Enterprises, Inc. will post 1.27 EPS for the current fiscal year.

Werner Enterprises Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Monday, April 14th will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 1.98%. The ex-dividend date is Monday, April 14th. Werner Enterprises’s payout ratio is presently 101.82%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on WERN. Barclays dropped their target price on shares of Werner Enterprises from $38.00 to $32.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 2nd. Stifel Nicolaus cut their price objective on shares of Werner Enterprises from $35.00 to $29.00 and set a “hold” rating for the company in a research report on Monday, April 14th. Citigroup raised Werner Enterprises from a “sell” rating to a “neutral” rating and decreased their target price for the stock from $32.00 to $29.00 in a research report on Tuesday, April 8th. Deutsche Bank Aktiengesellschaft initiated coverage on Werner Enterprises in a research note on Friday, March 7th. They set a “hold” rating and a $33.00 price target on the stock. Finally, Wells Fargo & Company decreased their price objective on Werner Enterprises from $34.00 to $27.00 and set an “underweight” rating on the stock in a report on Thursday, March 27th. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $34.71.

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.