Werner Enterprises, Inc. (NASDAQ:WERN) Shares Sold by Kennedy Capital Management LLC

Kennedy Capital Management LLC reduced its stake in Werner Enterprises, Inc. (NASDAQ:WERN) by 5.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 69,844 shares of the transportation company’s stock after selling 4,006 shares during the period. Kennedy Capital Management LLC’s holdings in Werner Enterprises were worth $2,509,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. CIBC Asset Management Inc boosted its position in Werner Enterprises by 4.6% during the 4th quarter. CIBC Asset Management Inc now owns 6,168 shares of the transportation company’s stock valued at $222,000 after purchasing an additional 274 shares during the period. Keybank National Association OH boosted its holdings in shares of Werner Enterprises by 1.5% during the fourth quarter. Keybank National Association OH now owns 20,216 shares of the transportation company’s stock valued at $726,000 after acquiring an additional 305 shares during the period. State of New Jersey Common Pension Fund D grew its position in shares of Werner Enterprises by 0.7% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 53,495 shares of the transportation company’s stock worth $1,922,000 after acquiring an additional 359 shares during the last quarter. Bank of Montreal Can increased its holdings in shares of Werner Enterprises by 7.7% in the 4th quarter. Bank of Montreal Can now owns 6,761 shares of the transportation company’s stock worth $243,000 after acquiring an additional 485 shares during the period. Finally, Blue Trust Inc. lifted its position in Werner Enterprises by 64.7% in the 4th quarter. Blue Trust Inc. now owns 1,308 shares of the transportation company’s stock valued at $50,000 after purchasing an additional 514 shares during the last quarter. 89.32% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

WERN has been the topic of several analyst reports. Citigroup upgraded shares of Werner Enterprises from a “sell” rating to a “neutral” rating and dropped their price target for the company from $32.00 to $29.00 in a research note on Tuesday, April 8th. The Goldman Sachs Group cut their target price on Werner Enterprises from $36.00 to $28.00 and set a “sell” rating on the stock in a research note on Thursday. Wells Fargo & Company decreased their price target on Werner Enterprises from $34.00 to $27.00 and set an “underweight” rating for the company in a research note on Thursday, March 27th. StockNews.com cut shares of Werner Enterprises from a “hold” rating to a “sell” rating in a research note on Thursday, April 3rd. Finally, Barclays reduced their price objective on shares of Werner Enterprises from $38.00 to $32.00 and set an “equal weight” rating for the company in a report on Wednesday, April 2nd. Five investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $35.07.

Werner Enterprises Trading Down 0.1 %

Shares of NASDAQ:WERN opened at $28.48 on Monday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.48 and a current ratio of 1.52. The stock has a market capitalization of $1.76 billion, a price-to-earnings ratio of 51.78 and a beta of 1.06. Werner Enterprises, Inc. has a 1-year low of $26.50 and a 1-year high of $42.48. The company has a 50 day moving average price of $31.22 and a 200 day moving average price of $35.48.

Werner Enterprises (NASDAQ:WERN) last released its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.15). Werner Enterprises had a return on equity of 2.27% and a net margin of 1.13%. On average, research analysts anticipate that Werner Enterprises, Inc. will post 1.27 EPS for the current fiscal year.

Werner Enterprises Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Monday, April 14th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Monday, April 14th. This represents a $0.56 dividend on an annualized basis and a yield of 1.97%. Werner Enterprises’s dividend payout ratio is currently 101.82%.

Werner Enterprises Profile

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.