GAMMA Investing LLC Purchases 475 Shares of Werner Enterprises, Inc. (NASDAQ:WERN)

GAMMA Investing LLC raised its holdings in shares of Werner Enterprises, Inc. (NASDAQ:WERN) by 145.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 801 shares of the transportation company’s stock after purchasing an additional 475 shares during the quarter. GAMMA Investing LLC’s holdings in Werner Enterprises were worth $31,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Massmutual Trust Co. FSB ADV grew its holdings in shares of Werner Enterprises by 390.1% during the second quarter. Massmutual Trust Co. FSB ADV now owns 740 shares of the transportation company’s stock valued at $27,000 after buying an additional 589 shares during the last quarter. 1620 Investment Advisors Inc. acquired a new position in Werner Enterprises during the 2nd quarter valued at about $29,000. Canada Pension Plan Investment Board bought a new stake in Werner Enterprises during the 2nd quarter worth approximately $29,000. Quest Partners LLC purchased a new stake in shares of Werner Enterprises in the second quarter worth approximately $30,000. Finally, EntryPoint Capital LLC bought a new position in shares of Werner Enterprises in the first quarter valued at approximately $43,000. Institutional investors and hedge funds own 89.32% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on WERN shares. The Goldman Sachs Group decreased their price target on Werner Enterprises from $37.00 to $33.00 and set a “sell” rating for the company in a report on Wednesday, October 9th. StockNews.com downgraded shares of Werner Enterprises from a “hold” rating to a “sell” rating in a report on Tuesday, July 16th. Stephens cut their price target on shares of Werner Enterprises from $40.00 to $36.00 and set an “equal weight” rating on the stock in a report on Monday, August 5th. Morgan Stanley decreased their price objective on shares of Werner Enterprises from $57.00 to $56.00 and set an “overweight” rating for the company in a research note on Monday, July 8th. Finally, Evercore ISI cut their target price on Werner Enterprises from $37.00 to $35.00 and set an “in-line” rating on the stock in a research note on Thursday, October 3rd. Seven research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $37.57.

Werner Enterprises Stock Performance

NASDAQ:WERN opened at $37.77 on Friday. Werner Enterprises, Inc. has a 1 year low of $33.12 and a 1 year high of $43.26. 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 business has a fifty day simple moving average of $37.02 and a two-hundred day simple moving average of $36.76. The company has a market capitalization of $2.33 billion, a P/E ratio of 38.15, a P/E/G ratio of 7.95 and a beta of 0.79.

Werner Enterprises (NASDAQ:WERN) last announced its quarterly earnings data 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 firm had revenue of $760.80 million during the quarter, compared to the consensus estimate of $769.81 million. Werner Enterprises had a net margin of 1.99% and a return on equity of 4.70%. The company’s revenue was down 6.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.52 earnings per share. On average, analysts expect that Werner Enterprises, Inc. will post 0.87 earnings per share for the current year.

Werner Enterprises Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 23rd. Investors of record on Monday, October 7th will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date of this dividend is Monday, October 7th. Werner Enterprises’s payout ratio is currently 56.57%.

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.