Goldman Sachs Group Inc. Sells 126,862 Shares of Werner Enterprises, Inc. (NASDAQ:WERN)

Goldman Sachs Group Inc. lessened its position in Werner Enterprises, Inc. (NASDAQ:WERN) by 21.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 451,506 shares of the transportation company’s stock after selling 126,862 shares during the period. Goldman Sachs Group Inc. owned 0.71% of Werner Enterprises worth $19,130,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Blue Trust Inc. grew its stake in shares of Werner Enterprises by 139.9% in the fourth quarter. Blue Trust Inc. now owns 703 shares of the transportation company’s stock worth $30,000 after purchasing an additional 410 shares during the last quarter. Planned Solutions Inc. purchased a new position in Werner Enterprises during the 4th quarter valued at $57,000. Hills Bank & Trust Co bought a new position in Werner Enterprises in the 4th quarter worth $106,000. TFO Wealth Partners LLC lifted its position in shares of Werner Enterprises by 32,150.0% in the 4th quarter. TFO Wealth Partners LLC now owns 2,580 shares of the transportation company’s stock worth $109,000 after purchasing an additional 2,572 shares during the period. Finally, International Assets Investment Management LLC boosted its stake in shares of Werner Enterprises by 3,763.2% during the 4th quarter. International Assets Investment Management LLC now owns 2,627 shares of the transportation company’s stock valued at $111,000 after purchasing an additional 2,559 shares in the last quarter. Hedge funds and other institutional investors own 89.32% of the company’s stock.

Analysts Set New Price Targets

WERN has been the subject of several research analyst reports. Susquehanna restated a “negative” rating and issued a $27.00 price objective (down from $32.00) on shares of Werner Enterprises in a report on Monday. Barclays dropped their price target on Werner Enterprises from $40.00 to $36.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 2nd. Bank of America lowered their price objective on Werner Enterprises from $35.00 to $34.00 and set an “underperform” rating for the company in a research report on Monday, April 15th. Robert W. Baird reduced their target price on shares of Werner Enterprises from $46.00 to $42.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 1st. Finally, Stephens reissued an “equal weight” rating and set a $40.00 price target on shares of Werner Enterprises in a research report on Thursday, May 16th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $39.25.

Werner Enterprises Stock Up 1.3 %

WERN stock opened at $35.54 on Thursday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.90 and a quick ratio of 1.85. Werner Enterprises, Inc. has a 1-year low of $33.12 and a 1-year high of $47.27. The stock has a market capitalization of $2.25 billion, a P/E ratio of 27.13, a P/E/G ratio of 2.89 and a beta of 0.83. The business has a fifty day moving average price of $36.36 and a 200-day moving average price of $38.65.

Werner Enterprises (NASDAQ:WERN) last posted its earnings results on Tuesday, April 30th. The transportation company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.14). Werner Enterprises had a net margin of 2.59% and a return on equity of 6.15%. The company had revenue of $769.08 million for the quarter, compared to the consensus estimate of $788.30 million. During the same quarter in the prior year, the company posted $0.60 EPS. Werner Enterprises’s revenue was down 7.6% on a year-over-year basis. Equities analysts forecast that Werner Enterprises, Inc. will post 1.35 earnings per share for the current fiscal year.

Werner Enterprises Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 17th. Shareholders of record on Monday, July 1st will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Monday, July 1st. This represents a $0.56 dividend on an annualized basis and a yield of 1.58%. Werner Enterprises’s dividend payout ratio is presently 42.75%.

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.