Edgestream Partners L.P. Sells 1,646 Shares of Werner Enterprises, Inc. (NASDAQ:WERN)

Edgestream Partners L.P. trimmed its stake in shares of Werner Enterprises, Inc. (NASDAQ:WERN) by 2.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 64,141 shares of the transportation company’s stock after selling 1,646 shares during the quarter. Edgestream Partners L.P. owned approximately 0.10% of Werner Enterprises worth $2,298,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Massmutual Trust Co. FSB ADV increased its position in Werner Enterprises by 390.1% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 740 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 589 shares during the period. 1620 Investment Advisors Inc. acquired a new stake in shares of Werner Enterprises during the second quarter worth $29,000. Quest Partners LLC acquired a new stake in shares of Werner Enterprises during the second quarter worth $30,000. EntryPoint Capital LLC bought a new position in Werner Enterprises during the first quarter worth $43,000. Finally, Blue Trust Inc. lifted its holdings in Werner Enterprises by 209.6% in the second quarter. Blue Trust Inc. now owns 1,158 shares of the transportation company’s stock valued at $45,000 after buying an additional 784 shares during the period. 89.32% of the stock is owned by institutional investors and hedge funds.

Werner Enterprises Stock Up 0.2 %

Shares of NASDAQ WERN opened at $37.52 on Thursday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.69 and a quick ratio of 1.64. The company has a 50-day moving average price of $37.12 and a 200-day moving average price of $36.94. The stock has a market capitalization of $2.32 billion, a P/E ratio of 28.64, a P/E/G ratio of 7.58 and a beta of 0.79. Werner Enterprises, Inc. has a 1 year low of $33.12 and a 1 year high of $43.26.

Werner Enterprises (NASDAQ:WERN) last released its quarterly earnings results on Tuesday, July 30th. The transportation company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.03). The company had revenue of $760.80 million for the quarter, compared to analyst estimates of $769.81 million. Werner Enterprises had a net margin of 1.99% and a return on equity of 4.70%. Werner Enterprises’s revenue for the quarter was down 6.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.52 EPS. On average, equities research analysts forecast that Werner Enterprises, Inc. will post 0.94 EPS for the current fiscal year.

Werner Enterprises Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 23rd. Investors of record on Monday, October 7th will be issued a dividend of $0.14 per share. The ex-dividend date is Monday, October 7th. This represents a $0.56 annualized dividend and a yield of 1.49%. Werner Enterprises’s dividend payout ratio (DPR) is currently 42.75%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on WERN. StockNews.com lowered Werner Enterprises from a “hold” rating to a “sell” rating in a research report on Tuesday, July 16th. Morgan Stanley dropped their price target on Werner Enterprises from $57.00 to $56.00 and set an “overweight” rating on the stock in a research note on Monday, July 8th. Susquehanna reduced their price objective on shares of Werner Enterprises from $27.00 to $26.00 and set a “negative” rating for the company in a research report on Wednesday, July 31st. JPMorgan Chase & Co. boosted their target price on shares of Werner Enterprises from $32.00 to $37.00 and gave the company an “underweight” rating in a research report on Wednesday, July 31st. Finally, Wells Fargo & Company started coverage on shares of Werner Enterprises in a report on Friday, June 7th. They issued an “underweight” rating and a $38.00 price target for the company. Five analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $37.75.

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.