AlphaCrest Capital Management LLC Boosts Stake in Werner Enterprises, Inc. (NASDAQ:WERN)

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AlphaCrest Capital Management LLC increased its position in Werner Enterprises, Inc. (NASDAQ:WERN) by 82.8% in the 1st quarter, Holdings Channel reports. The firm owned 14,075 shares of the transportation company’s stock after buying an additional 6,375 shares during the period. AlphaCrest Capital Management LLC’s holdings in Werner Enterprises were worth $481,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of WERN. NumerixS Investment Technologies Inc raised its stake in Werner Enterprises by 150.0% during the 4th quarter. NumerixS Investment Technologies Inc now owns 1,000 shares of the transportation company’s stock valued at $30,000 after acquiring an additional 600 shares during the last quarter. Motco purchased a new stake in Werner Enterprises during the 1st quarter valued at approximately $33,000. PNC Financial Services Group Inc. raised its stake in Werner Enterprises by 81.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,262 shares of the transportation company’s stock valued at $37,000 after acquiring an additional 567 shares during the last quarter. Zions Bancorporation N.A. purchased a new stake in Werner Enterprises during the 1st quarter valued at approximately $58,000. Finally, Advisor Group Inc. raised its stake in Werner Enterprises by 145.4% during the 4th quarter. Advisor Group Inc. now owns 2,123 shares of the transportation company’s stock valued at $61,000 after acquiring an additional 1,258 shares during the last quarter. 66.80% of the stock is owned by institutional investors and hedge funds.

Several research firms have commented on WERN. Cowen reaffirmed a “market perform” rating and set a $36.00 price objective (up from $35.00) on shares of Werner Enterprises in a research note on Friday, April 26th. Buckingham Research reduced their price objective on Werner Enterprises from $43.00 to $42.00 and set a “buy” rating for the company in a research note on Tuesday, April 2nd. Zacks Investment Research downgraded Werner Enterprises from a “buy” rating to a “hold” rating in a research note on Monday, April 1st. BidaskClub raised Werner Enterprises from a “hold” rating to a “buy” rating in a research note on Wednesday, May 22nd. Finally, ValuEngine raised Werner Enterprises from a “sell” rating to a “hold” rating in a research note on Wednesday, March 27th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $40.54.

Shares of WERN stock opened at $29.48 on Wednesday. The company has a market cap of $2.06 billion, a PE ratio of 12.39, a price-to-earnings-growth ratio of 0.87 and a beta of 1.19. Werner Enterprises, Inc. has a 12-month low of $27.27 and a 12-month high of $42.80. The company has a quick ratio of 1.38, a current ratio of 1.41 and a debt-to-equity ratio of 0.04.

Werner Enterprises (NASDAQ:WERN) last issued its earnings results on Thursday, April 25th. The transportation company reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. The business had revenue of $596.10 million during the quarter, compared to the consensus estimate of $620.14 million. Werner Enterprises had a return on equity of 14.56% and a net margin of 7.08%. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.38 EPS. On average, equities research analysts expect that Werner Enterprises, Inc. will post 2.64 earnings per share for the current year.

The firm also recently announced a None dividend, which was paid on Friday, June 7th. Stockholders of record on Friday, May 24th were paid a dividend of $3.75 per share. The ex-dividend date of this dividend was Thursday, May 23rd. Werner Enterprises’s dividend payout ratio (DPR) is 15.13%.

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Werner Enterprises Company Profile

Werner Enterprises, Inc, a transportation and logistics company, engages in transporting truckload shipments of general commodities in interstate and intrastate commerce in the United States, Mexico, Canada, and China. It operates in two segments, Truckload Transportation Services and Werner Logistics.

Further Reading: Is it Safe to Invest in Commodities?

Want to see what other hedge funds are holding WERN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Werner Enterprises, Inc. (NASDAQ:WERN).

Institutional Ownership by Quarter for Werner Enterprises (NASDAQ:WERN)

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