Duality Advisers LP Cuts Holdings in Werner Enterprises, Inc. (NASDAQ:WERN)

Duality Advisers LP reduced its position in Werner Enterprises, Inc. (NASDAQ:WERN) by 84.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,624 shares of the transportation company’s stock after selling 29,639 shares during the quarter. Duality Advisers LP’s holdings in Werner Enterprises were worth $238,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Blue Trust Inc. raised its position in shares of Werner Enterprises by 139.9% in the 4th quarter. Blue Trust Inc. now owns 703 shares of the transportation company’s stock worth $30,000 after buying an additional 410 shares during the period. Headlands Technologies LLC purchased a new position in shares of Werner Enterprises in the 3rd quarter worth $36,000. Planned Solutions Inc. purchased a new position in shares of Werner Enterprises in the 4th quarter worth $57,000. Strs Ohio raised its position in shares of Werner Enterprises by 35.3% in the 3rd quarter. Strs Ohio now owns 2,300 shares of the transportation company’s stock worth $89,000 after buying an additional 600 shares during the period. Finally, Covestor Ltd raised its position in shares of Werner Enterprises by 46.5% in the 3rd quarter. Covestor Ltd now owns 2,402 shares of the transportation company’s stock worth $94,000 after buying an additional 762 shares during the period. 89.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

WERN has been the subject of several recent research reports. Bank of America lowered their price target on Werner Enterprises from $35.00 to $34.00 and set an “underperform” rating for the company in a report on Monday, April 15th. Stephens reiterated an “overweight” rating and issued a $49.00 price target on shares of Werner Enterprises in a report on Wednesday, February 7th. Barclays downgraded Werner Enterprises from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $45.00 to $40.00 in a report on Monday, April 1st. StockNews.com upgraded Werner Enterprises from a “sell” rating to a “hold” rating in a report on Tuesday, February 27th. Finally, Susquehanna lowered their price target on Werner Enterprises from $40.00 to $35.00 and set a “neutral” rating for the company in a report on Monday, March 25th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Werner Enterprises currently has a consensus rating of “Hold” and an average price target of $44.00.

Werner Enterprises Stock Down 1.0 %

Shares of Werner Enterprises stock opened at $34.74 on Friday. The business has a 50-day moving average of $38.04 and a 200-day moving average of $39.19. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.92 and a quick ratio of 1.87. The company has a market capitalization of $2.20 billion, a PE ratio of 19.74, a P/E/G ratio of 1.07 and a beta of 0.78. Werner Enterprises, Inc. has a 1-year low of $34.57 and a 1-year high of $47.27.

Werner Enterprises (NASDAQ:WERN) last posted its quarterly earnings results on Monday, February 5th. The transportation company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.05). The firm had revenue of $821.90 million during the quarter, compared to analyst estimates of $820.90 million. Werner Enterprises had a return on equity of 8.17% and a net margin of 3.42%. The firm’s revenue for the quarter was down 4.6% on a year-over-year basis. During the same quarter last year, the business posted $0.99 earnings per share. As a group, equities analysts forecast that Werner Enterprises, Inc. will post 1.91 EPS for the current fiscal year.

Werner Enterprises Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Monday, April 15th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Friday, April 12th. This represents a $0.56 dividend on an annualized basis and a yield of 1.61%. Werner Enterprises’s dividend payout ratio (DPR) is 31.82%.

About Werner Enterprises

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.