Tidal Investments LLC Purchases 2,445 Shares of Werner Enterprises, Inc. (NASDAQ:WERN)

Tidal Investments LLC grew its holdings in Werner Enterprises, Inc. (NASDAQ:WERN) by 21.4% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 13,856 shares of the transportation company’s stock after acquiring an additional 2,445 shares during the quarter. Tidal Investments LLC’s holdings in Werner Enterprises were worth $535,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of WERN. Cim Investment Management Inc. acquired a new position in shares of Werner Enterprises during the 3rd quarter worth approximately $203,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Werner Enterprises in the third quarter valued at approximately $96,000. Barclays PLC grew its position in Werner Enterprises by 12.8% during the third quarter. Barclays PLC now owns 435,447 shares of the transportation company’s stock worth $16,804,000 after buying an additional 49,568 shares in the last quarter. iSAM Funds UK Ltd bought a new position in Werner Enterprises during the 3rd quarter worth $722,000. Finally, Weiss Asset Management LP acquired a new position in Werner Enterprises in the 3rd quarter valued at $1,408,000. 89.32% of the stock is currently owned by institutional investors and hedge funds.

Werner Enterprises Trading Down 1.6 %

WERN opened at $35.80 on Monday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.53 and a quick ratio of 1.49. Werner Enterprises, Inc. has a fifty-two week low of $33.12 and a fifty-two week high of $43.26. The company’s 50 day moving average price is $38.91 and its two-hundred day moving average price is $37.53. The firm has a market capitalization of $2.21 billion, a price-to-earnings ratio of 49.04, a PEG ratio of 33.43 and a beta of 0.82.

Werner Enterprises (NASDAQ:WERN) last issued its quarterly earnings data on Tuesday, October 29th. The transportation company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.06). Werner Enterprises had a return on equity of 3.58% and a net margin of 1.48%. The business had revenue of $745.70 million during the quarter, compared to the consensus estimate of $765.24 million. During the same period in the prior year, the firm earned $0.42 EPS. The business’s revenue for the quarter was down 8.8% compared to the same quarter last year. As a group, research analysts predict that Werner Enterprises, Inc. will post 0.68 earnings per share for the current year.

Werner Enterprises Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date is Thursday, January 2nd. Werner Enterprises’s dividend payout ratio is presently 76.71%.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. JPMorgan Chase & Co. dropped their price target on Werner Enterprises from $37.00 to $34.00 and set an “underweight” rating for the company in a research note on Wednesday, October 30th. Susquehanna dropped their target price on shares of Werner Enterprises from $30.00 to $28.00 and set a “negative” rating for the company in a research report on Friday, November 1st. TD Cowen increased their price target on shares of Werner Enterprises from $40.00 to $41.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. The Goldman Sachs Group lowered their price objective on shares of Werner Enterprises from $37.00 to $33.00 and set a “sell” rating for the company in a research report on Wednesday, October 9th. Finally, Wells Fargo & Company reduced their target price on Werner Enterprises from $38.00 to $35.00 and set an “underweight” rating on the stock in a report on Wednesday, October 30th. Seven equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $36.57.

Werner Enterprises Company 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.