Quest Partners LLC Makes New $30,000 Investment in Werner Enterprises, Inc. (NASDAQ:WERN)

Quest Partners LLC purchased a new stake in Werner Enterprises, Inc. (NASDAQ:WERN) during the second quarter, according to its most recent 13F filing with the SEC. The firm purchased 835 shares of the transportation company’s stock, valued at approximately $30,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Massmutual Trust Co. FSB ADV boosted its holdings in Werner Enterprises by 390.1% in the second quarter. Massmutual Trust Co. FSB ADV now owns 740 shares of the transportation company’s stock worth $27,000 after acquiring an additional 589 shares in the last quarter. 1620 Investment Advisors Inc. purchased a new stake in Werner Enterprises during the 2nd quarter worth approximately $29,000. EntryPoint Capital LLC acquired a new position in Werner Enterprises during the 1st quarter valued at approximately $43,000. Blue Trust Inc. raised its holdings in shares of Werner Enterprises by 209.6% in the second quarter. Blue Trust Inc. now owns 1,158 shares of the transportation company’s stock worth $45,000 after buying an additional 784 shares during the last quarter. Finally, Innealta Capital LLC purchased a new stake in shares of Werner Enterprises during the second quarter valued at $47,000. Hedge funds and other institutional investors own 89.32% of the company’s stock.

Werner Enterprises Stock Performance

NASDAQ WERN opened at $37.15 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.69 and a quick ratio of 1.64. Werner Enterprises, Inc. has a 1-year low of $33.12 and a 1-year high of $43.26. The company has a market cap of $2.30 billion, a PE ratio of 28.36, a price-to-earnings-growth ratio of 7.58 and a beta of 0.79. The stock’s 50 day simple moving average is $37.21 and its 200-day simple moving average is $36.95.

Werner Enterprises (NASDAQ:WERN) last released its 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). Werner Enterprises had a return on equity of 4.70% and a net margin of 1.99%. The business had revenue of $760.80 million for the quarter, compared to analysts’ expectations of $769.81 million. During the same period in the previous year, the company earned $0.52 EPS. Werner Enterprises’s quarterly revenue was down 6.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Werner Enterprises, Inc. will post 0.94 EPS for the current fiscal year.

Werner Enterprises Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 23rd. Investors of record on Monday, October 7th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date is Monday, October 7th. Werner Enterprises’s dividend payout ratio is currently 42.75%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. UBS Group downgraded Werner Enterprises from a “buy” rating to a “neutral” rating and set a $39.00 price target on the stock. in a research note on Tuesday, July 9th. JPMorgan Chase & Co. raised their price target on shares of Werner Enterprises from $32.00 to $37.00 and gave the stock an “underweight” rating in a research report on Wednesday, July 31st. Stephens dropped their price objective 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. Wells Fargo & Company assumed coverage on Werner Enterprises in a research note on Friday, June 7th. They set an “underweight” rating and a $38.00 price objective for the company. Finally, Stifel Nicolaus decreased their price target on Werner Enterprises from $39.00 to $33.00 and set a “hold” rating for the company in a report on Thursday, August 1st. Five investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Werner Enterprises has a consensus rating of “Hold” and an average price target 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.