Werner Enterprises, Inc. (NASDAQ:WERN) Holdings Raised by Bayforest Capital Ltd

Bayforest Capital Ltd increased its stake in Werner Enterprises, Inc. (NASDAQ:WERN) by 1,687.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,708 shares of the transportation company’s stock after purchasing an additional 26,158 shares during the quarter. Bayforest Capital Ltd’s holdings in Werner Enterprises were worth $812,000 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. Maple Rock Capital Partners Inc. bought a new stake in shares of Werner Enterprises during the 4th quarter worth about $35,257,000. Wellington Management Group LLP acquired a new position in shares of Werner Enterprises during the fourth quarter valued at approximately $31,634,000. Edgestream Partners L.P. raised its holdings in Werner Enterprises by 182.3% during the first quarter. Edgestream Partners L.P. now owns 327,057 shares of the transportation company’s stock worth $9,583,000 after purchasing an additional 211,215 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in Werner Enterprises by 10.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,835,187 shares of the transportation company’s stock worth $53,844,000 after purchasing an additional 174,341 shares during the period. Finally, Victory Capital Management Inc. lifted its position in Werner Enterprises by 5.0% in the first quarter. Victory Capital Management Inc. now owns 3,641,546 shares of the transportation company’s stock worth $106,697,000 after purchasing an additional 173,572 shares during the period. Institutional investors own 89.32% of the company’s stock.

Werner Enterprises Trading Down 2.8%

NASDAQ:WERN opened at $27.81 on Wednesday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.66 and a quick ratio of 1.62. Werner Enterprises, Inc. has a fifty-two week low of $23.02 and a fifty-two week high of $42.48. The stock’s 50-day moving average is $27.73 and its two-hundred day moving average is $29.91. The stock has a market cap of $1.72 billion, a PE ratio of 95.90, a price-to-earnings-growth ratio of 1.69 and a beta of 1.07.

Werner Enterprises (NASDAQ:WERN) last posted its quarterly earnings results on Tuesday, July 29th. The transportation company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.05 by $0.06. Werner Enterprises had a net margin of 0.60% and a return on equity of 1.20%. The business had revenue of $753.15 million during the quarter, compared to analysts’ expectations of $736.09 million. During the same period last year, the company posted $0.17 earnings per share. The firm’s quarterly revenue was down 1.0% compared to the same quarter last year. As a group, equities research analysts forecast that Werner Enterprises, Inc. will post 1.27 earnings per share for the current fiscal year.

Werner Enterprises Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 23rd. Shareholders of record on Monday, July 7th were paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date was Monday, July 7th. Werner Enterprises’s dividend payout ratio (DPR) is currently 193.10%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on WERN shares. TD Cowen lowered their price target on Werner Enterprises from $33.00 to $30.00 and set a “buy” rating on the stock in a research report on Wednesday, April 30th. Susquehanna lifted their target price on Werner Enterprises from $23.00 to $25.00 and gave the stock a “neutral” rating in a report on Tuesday, June 24th. Wells Fargo & Company dropped their price target on shares of Werner Enterprises from $27.00 to $24.00 and set an “underweight” rating on the stock in a research report on Wednesday, April 30th. Citigroup raised their price objective on shares of Werner Enterprises from $29.00 to $31.00 and gave the company a “neutral” rating in a research report on Wednesday, July 9th. Finally, Robert W. Baird began coverage on shares of Werner Enterprises in a report on Tuesday, July 1st. They issued an “underperform” rating and a $25.00 target price on the stock. Seven investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Werner Enterprises presently has a consensus rating of “Hold” and an average price target of $30.40.

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.