GAMMA Investing LLC Has $60,000 Holdings in Werner Enterprises, Inc. $WERN

GAMMA Investing LLC boosted its position in shares of Werner Enterprises, Inc. (NASDAQ:WERN) by 413.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,191 shares of the transportation company’s stock after acquiring an additional 1,764 shares during the period. GAMMA Investing LLC’s holdings in Werner Enterprises were worth $60,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of WERN. Jacobs Levy Equity Management Inc. increased its stake in Werner Enterprises by 1,642.2% in the first quarter. Jacobs Levy Equity Management Inc. now owns 620,855 shares of the transportation company’s stock valued at $18,191,000 after acquiring an additional 585,218 shares during the period. Bridgeway Capital Management LLC bought a new stake in Werner Enterprises in the first quarter valued at about $9,102,000. Empowered Funds LLC bought a new stake in Werner Enterprises in the first quarter valued at about $6,227,000. Edgestream Partners L.P. increased its stake in Werner Enterprises by 182.3% in the first quarter. Edgestream Partners L.P. now owns 327,057 shares of the transportation company’s stock valued at $9,583,000 after acquiring an additional 211,215 shares during the period. Finally, American Century Companies Inc. increased its stake in Werner Enterprises by 9.2% in the first quarter. American Century Companies Inc. now owns 2,170,527 shares of the transportation company’s stock valued at $63,596,000 after acquiring an additional 183,340 shares during the period. Institutional investors and hedge funds own 89.32% of the company’s stock.

Werner Enterprises Stock Performance

Shares of WERN opened at $27.45 on Friday. The firm has a 50-day moving average of $27.75 and a 200-day moving average of $27.80. Werner Enterprises, Inc. has a one year low of $23.02 and a one year high of $42.48. The company has a market cap of $1.64 billion, a PE ratio of 31.92, a price-to-earnings-growth ratio of 1.44 and a beta of 1.06. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.67 and a quick ratio of 1.63.

Werner Enterprises (NASDAQ:WERN) last posted its earnings results on Tuesday, July 29th. The transportation company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.06. The company had revenue of $753.15 million during the quarter, compared to analysts’ expectations of $736.09 million. Werner Enterprises had a net margin of 1.77% and a return on equity of 0.92%. Werner Enterprises’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.17 EPS. As a group, equities analysts forecast that Werner Enterprises, Inc. will post 1.27 earnings per share for the current year.

Werner Enterprises declared that its board has initiated a share buyback plan on Monday, August 11th that authorizes the company to buyback 5,000,000 outstanding shares. This buyback authorization authorizes the transportation company to buy shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

Werner Enterprises Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Monday, October 6th will be given a $0.14 dividend. The ex-dividend date is Monday, October 6th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.0%. Werner Enterprises’s payout ratio is 65.12%.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Wall Street Zen raised shares of Werner Enterprises from a “strong sell” rating to a “hold” rating in a research note on Saturday, August 2nd. Robert W. Baird assumed coverage on shares of Werner Enterprises in a research note on Tuesday, July 1st. They set an “underperform” rating and a $25.00 price objective on the stock. Evercore ISI decreased their price objective on shares of Werner Enterprises from $25.00 to $23.00 and set an “underperform” rating on the stock in a research note on Tuesday. Baird R W raised shares of Werner Enterprises to a “strong sell” rating in a research note on Tuesday, July 1st. Finally, Wells Fargo & Company upped their price objective on shares of Werner Enterprises from $24.00 to $25.00 and gave the stock an “underweight” rating in a research note on Wednesday, July 30th. Three research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and six have given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus price target of $29.93.

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.