Yousif Capital Management LLC Cuts Holdings in Werner Enterprises, Inc. (NASDAQ:WERN)

Yousif Capital Management LLC reduced its holdings in shares of Werner Enterprises, Inc. (NASDAQ:WERN) by 1.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,111 shares of the transportation company’s stock after selling 370 shares during the quarter. Yousif Capital Management LLC’s holdings in Werner Enterprises were worth $736,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in WERN. MassMutual Private Wealth & Trust FSB increased its position in shares of Werner Enterprises by 69.7% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,176 shares of the transportation company’s stock worth $34,000 after purchasing an additional 483 shares during the last quarter. Headlands Technologies LLC bought a new stake in Werner Enterprises during the 4th quarter valued at $39,000. Sterling Capital Management LLC raised its stake in shares of Werner Enterprises by 796.3% during the fourth quarter. Sterling Capital Management LLC now owns 1,703 shares of the transportation company’s stock valued at $61,000 after purchasing an additional 1,513 shares in the last quarter. Quadrant Capital Group LLC lifted its stake in shares of Werner Enterprises by 35.7% in the 4th quarter. Quadrant Capital Group LLC now owns 2,431 shares of the transportation company’s stock worth $87,000 after acquiring an additional 639 shares during the period. Finally, Aster Capital Management DIFC Ltd bought a new position in Werner Enterprises during the 4th quarter valued at $204,000. 89.32% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on WERN shares. Wall Street Zen downgraded Werner Enterprises from a “hold” rating to a “sell” rating in a report on Thursday, May 8th. Wells Fargo & Company cut their target price on Werner Enterprises from $27.00 to $24.00 and set an “underweight” rating on the stock in a report on Wednesday, April 30th. Stifel Nicolaus decreased their price target on Werner Enterprises from $29.00 to $24.00 and set a “hold” rating for the company in a research note on Thursday, May 1st. UBS Group lowered their price objective on Werner Enterprises from $30.00 to $27.00 and set a “neutral” rating on the stock in a report on Monday, May 5th. Finally, Bank of America raised their price objective on Werner Enterprises from $26.00 to $27.00 and gave the company an “underperform” rating in a research note on Friday, June 13th. Five investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $30.50.

Werner Enterprises Stock Performance

Shares of NASDAQ WERN opened at $27.98 on Friday. Werner Enterprises, Inc. has a 12 month low of $23.02 and a 12 month high of $42.48. The company has a market cap of $1.73 billion, a P/E ratio of 96.48, a P/E/G ratio of 1.30 and a beta of 1.06. The business’s 50 day moving average is $27.16 and its two-hundred day moving average is $31.68. The company has a quick ratio of 1.62, a current ratio of 1.66 and a debt-to-equity ratio of 0.45.

Werner Enterprises (NASDAQ:WERN) last announced its quarterly earnings data on Tuesday, April 29th. The transportation company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.24). The company had revenue of $712.11 million during the quarter, compared to analyst estimates of $738.41 million. Werner Enterprises had a return on equity of 1.20% and a net margin of 0.60%. The company’s revenue was down 7.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.14 EPS. On average, equities analysts expect that Werner Enterprises, Inc. will post 1.27 EPS for the current year.

Werner Enterprises Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 23rd. Shareholders of record on Monday, July 7th will be given a $0.14 dividend. The ex-dividend date of this dividend is Monday, July 7th. This represents a $0.56 annualized dividend and a yield of 2.00%. Werner Enterprises’s dividend payout ratio is 193.10%.

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.