GAMMA Investing LLC Purchases 11,485 Shares of Werner Enterprises, Inc. (NASDAQ:WERN)

GAMMA Investing LLC raised its holdings in Werner Enterprises, Inc. (NASDAQ:WERN) by 1,119.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 12,511 shares of the transportation company’s stock after buying an additional 11,485 shares during the quarter. GAMMA Investing LLC’s holdings in Werner Enterprises were worth $367,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of WERN. Vanguard Group Inc. grew its stake in Werner Enterprises by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 6,730,457 shares of the transportation company’s stock valued at $241,758,000 after purchasing an additional 32,228 shares during the last quarter. Deprince Race & Zollo Inc. increased its stake in shares of Werner Enterprises by 0.9% in the fourth quarter. Deprince Race & Zollo Inc. now owns 2,121,696 shares of the transportation company’s stock worth $76,211,000 after acquiring an additional 19,370 shares during the period. American Century Companies Inc. raised its holdings in shares of Werner Enterprises by 13.4% during the fourth quarter. American Century Companies Inc. now owns 1,987,187 shares of the transportation company’s stock worth $71,380,000 after purchasing an additional 234,811 shares during the last quarter. Maple Rock Capital Partners Inc. acquired a new position in shares of Werner Enterprises in the 4th quarter valued at about $35,257,000. Finally, Wellington Management Group LLP acquired a new position in Werner Enterprises in the fourth quarter valued at approximately $31,634,000. Institutional investors and hedge funds own 89.32% of the company’s stock.

Werner Enterprises Stock Down 2.6%

NASDAQ WERN opened at $27.25 on Friday. The business has a fifty day moving average price of $27.13 and a 200 day moving average price of $31.59. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.62 and a current ratio of 1.66. The company has a market cap of $1.68 billion, a P/E ratio of 93.97, a P/E/G ratio of 1.30 and a beta of 1.06. Werner Enterprises, Inc. has a one year low of $23.02 and a one year high of $42.48.

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

Werner Enterprises Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 23rd. Shareholders of record on Monday, July 7th will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date is Monday, July 7th. Werner Enterprises’s dividend payout ratio (DPR) is 193.10%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on WERN. TD Cowen cut their target price on shares of Werner Enterprises from $33.00 to $30.00 and set a “buy” rating for the company in a report on Wednesday, April 30th. The Goldman Sachs Group raised shares of Werner Enterprises from a “sell” rating to a “buy” rating and lifted their price objective for the company from $25.00 to $39.00 in a report on Monday, June 2nd. Susquehanna lowered their target price on shares of Werner Enterprises from $32.00 to $23.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 30th. Barclays cut their price target on Werner Enterprises from $32.00 to $28.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 30th. Finally, Citigroup upgraded Werner Enterprises from a “sell” rating to a “neutral” rating and lowered their price target for the stock from $32.00 to $29.00 in a research report on Tuesday, April 8th. Five research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $30.50.

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.