7,602 Shares in Werner Enterprises, Inc. (NASDAQ:WERN) Acquired by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP acquired a new stake in shares of Werner Enterprises, Inc. (NASDAQ:WERN) in the 4th quarter, HoldingsChannel reports. The firm acquired 7,602 shares of the transportation company’s stock, valued at approximately $273,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. CIBC Asset Management Inc increased its stake in shares of Werner Enterprises by 4.6% in the 4th quarter. CIBC Asset Management Inc now owns 6,168 shares of the transportation company’s stock valued at $222,000 after purchasing an additional 274 shares during the last quarter. Keybank National Association OH grew its holdings in shares of Werner Enterprises by 1.5% during the 4th quarter. Keybank National Association OH now owns 20,216 shares of the transportation company’s stock valued at $726,000 after purchasing an additional 305 shares during the last quarter. State of New Jersey Common Pension Fund D increased its position in Werner Enterprises by 0.7% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 53,495 shares of the transportation company’s stock worth $1,922,000 after purchasing an additional 359 shares in the last quarter. Blue Trust Inc. boosted its position in Werner Enterprises by 64.7% in the fourth quarter. Blue Trust Inc. now owns 1,308 shares of the transportation company’s stock valued at $50,000 after buying an additional 514 shares in the last quarter. Finally, Inspire Investing LLC increased its holdings in shares of Werner Enterprises by 5.2% during the fourth quarter. Inspire Investing LLC now owns 11,144 shares of the transportation company’s stock worth $400,000 after buying an additional 551 shares in the last quarter. 89.32% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Wells Fargo & Company lowered their target price on Werner Enterprises from $34.00 to $27.00 and set an “underweight” rating for the company in a report on Thursday, March 27th. Susquehanna reduced their target price on shares of Werner Enterprises from $39.00 to $32.00 and set a “neutral” rating on the stock in a report on Wednesday, March 26th. Stifel Nicolaus raised their price target on shares of Werner Enterprises from $30.00 to $35.00 and gave the company a “hold” rating in a research note on Thursday, January 23rd. Citigroup upgraded Werner Enterprises from a “sell” rating to a “neutral” rating and decreased their price objective for the company from $32.00 to $29.00 in a report on Tuesday, April 8th. Finally, Barclays lowered their price objective on Werner Enterprises from $38.00 to $32.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 2nd. Five investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $35.07.

Werner Enterprises Price Performance

Shares of NASDAQ:WERN opened at $28.48 on Monday. The firm has a market capitalization of $1.76 billion, a PE ratio of 51.78 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. The company has a 50-day moving average price of $31.22 and a two-hundred day moving average price of $35.48. Werner Enterprises, Inc. has a twelve month low of $26.50 and a twelve month high of $42.48.

Werner Enterprises (NASDAQ:WERN) last posted its quarterly earnings results 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%. Equities analysts forecast that Werner Enterprises, Inc. will post 1.27 EPS for the current year.

Werner Enterprises Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Monday, April 14th will be paid a dividend of $0.14 per share. The ex-dividend date is Monday, April 14th. This represents a $0.56 annualized dividend and a yield of 1.97%. Werner Enterprises’s dividend payout ratio is currently 101.82%.

Werner Enterprises 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.