Connor Clark & Lunn Investment Management Ltd. Purchases 65,845 Shares of Werner Enterprises, Inc. (NASDAQ:WERN)

Connor Clark & Lunn Investment Management Ltd. lifted its position in Werner Enterprises, Inc. (NASDAQ:WERN) by 672.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 75,632 shares of the transportation company’s stock after acquiring an additional 65,845 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.12% of Werner Enterprises worth $2,717,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in WERN. Verition Fund Management LLC purchased a new position in Werner Enterprises during the third quarter valued at $485,000. Intech Investment Management LLC purchased a new position in Werner Enterprises during the 3rd quarter valued at about $630,000. Edgestream Partners L.P. lifted its position in Werner Enterprises by 31.1% during the 3rd quarter. Edgestream Partners L.P. now owns 84,085 shares of the transportation company’s stock valued at $3,245,000 after acquiring an additional 19,944 shares during the period. Holocene Advisors LP boosted its stake in Werner Enterprises by 19.8% during the third quarter. Holocene Advisors LP now owns 98,550 shares of the transportation company’s stock worth $3,803,000 after acquiring an additional 16,280 shares in the last quarter. Finally, Weiss Asset Management LP purchased a new stake in Werner Enterprises in the third quarter worth about $1,408,000. Hedge funds and other institutional investors own 89.32% of the company’s stock.

Werner Enterprises Trading Up 1.0 %

Shares of NASDAQ:WERN opened at $30.22 on Tuesday. The stock’s 50-day simple moving average is $34.33 and its two-hundred day simple moving average is $36.65. The stock has a market capitalization of $1.87 billion, a price-to-earnings ratio of 54.95 and a beta of 0.85. Werner Enterprises, Inc. has a 52-week low of $29.26 and a 52-week high of $42.48. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.48 and a current ratio of 1.52.

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

Werner Enterprises Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Monday, April 14th will be issued a $0.14 dividend. The ex-dividend date is Monday, April 14th. This represents a $0.56 dividend on an annualized basis and a yield of 1.85%. Werner Enterprises’s dividend payout ratio is currently 101.82%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on WERN shares. Barclays dropped their price target on Werner Enterprises from $40.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Friday, February 7th. Wells Fargo & Company dropped their target price on Werner Enterprises from $36.00 to $34.00 and set an “underweight” rating on the stock in a report on Friday, February 7th. Susquehanna upgraded Werner Enterprises from a “negative” rating to a “neutral” rating and set a $38.00 price target for the company in a report on Friday, January 3rd. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Werner Enterprises in a research note on Friday, March 7th. They issued a “hold” rating and a $33.00 price target on the stock. Finally, Stifel Nicolaus raised their price objective on shares of Werner Enterprises from $30.00 to $35.00 and gave the company a “hold” rating in a research note on Thursday, January 23rd. Six research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Werner Enterprises 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.