Atria Investments Inc Buys 1,329 Shares of Werner Enterprises, Inc. (NASDAQ:WERN)

Atria Investments Inc raised its stake in shares of Werner Enterprises, Inc. (NASDAQ:WERN) by 16.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,479 shares of the transportation company’s stock after buying an additional 1,329 shares during the quarter. Atria Investments Inc’s holdings in Werner Enterprises were worth $340,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Nuance Investments LLC raised its position in shares of Werner Enterprises by 24.5% in the 3rd quarter. Nuance Investments LLC now owns 3,943,893 shares of the transportation company’s stock worth $152,195,000 after purchasing an additional 776,277 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in Werner Enterprises by 9.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,660,846 shares of the transportation company’s stock valued at $59,010,000 after purchasing an additional 143,953 shares in the last quarter. Barclays PLC raised its holdings in Werner Enterprises by 12.8% in 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 during the last quarter. Congress Asset Management Co. lifted its stake in shares of Werner Enterprises by 11.8% in the fourth quarter. Congress Asset Management Co. now owns 413,186 shares of the transportation company’s stock worth $14,842,000 after buying an additional 43,528 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Werner Enterprises by 6.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 680,673 shares of the transportation company’s stock valued at $26,267,000 after buying an additional 43,074 shares during the last quarter. 89.32% of the stock is owned by institutional investors.

Werner Enterprises Stock Up 1.5 %

Shares of WERN stock opened at $29.91 on Monday. The stock has a market cap of $1.85 billion, a P/E ratio of 54.38 and a beta of 0.85. The company’s fifty day simple moving average is $34.46 and its two-hundred day simple moving average is $36.70. The company has a quick ratio of 1.48, a current ratio of 1.52 and a debt-to-equity ratio of 0.43. Werner Enterprises, Inc. has a 52 week low of $29.26 and a 52 week high of $42.48.

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

Werner Enterprises Announces Dividend

The company 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 dividend of $0.14 per share. The ex-dividend date is Monday, April 14th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.87%. Werner Enterprises’s dividend payout ratio is presently 101.82%.

Analyst Ratings Changes

WERN has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft started coverage on Werner Enterprises in a research note on Friday, March 7th. They set a “hold” rating and a $33.00 target price on the stock. Stifel Nicolaus lifted their price objective on Werner Enterprises from $30.00 to $35.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. Wells Fargo & Company lowered their target price on shares of Werner Enterprises from $36.00 to $34.00 and set an “underweight” rating on the stock in a research note on Friday, February 7th. Susquehanna upgraded shares of Werner Enterprises from a “negative” rating to a “neutral” rating and set a $38.00 price target for the company in a research note on Friday, January 3rd. Finally, StockNews.com downgraded shares of Werner Enterprises from a “hold” rating to a “sell” rating in a research report on Tuesday, March 11th. Six research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $37.00.

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.