Norden Group LLC Purchases 2,555 Shares of Werner Enterprises, Inc. (NASDAQ:WERN)

Norden Group LLC boosted its position in Werner Enterprises, Inc. (NASDAQ:WERN) by 20.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,959 shares of the transportation company’s stock after acquiring an additional 2,555 shares during the quarter. Norden Group LLC’s holdings in Werner Enterprises were worth $537,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in WERN. Blue Trust Inc. increased its stake in Werner Enterprises by 64.7% in the fourth quarter. Blue Trust Inc. now owns 1,308 shares of the transportation company’s stock valued at $50,000 after acquiring an additional 514 shares during the last quarter. International Assets Investment Management LLC grew its stake in shares of Werner Enterprises by 2,390.3% during the third quarter. International Assets Investment Management LLC now owns 1,544 shares of the transportation company’s stock worth $60,000 after buying an additional 1,482 shares during the last quarter. KBC Group NV grew its stake in shares of Werner Enterprises by 43.1% during the third quarter. KBC Group NV now owns 2,071 shares of the transportation company’s stock worth $80,000 after buying an additional 624 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Werner Enterprises during the third quarter worth $96,000. Finally, SG Americas Securities LLC grew its stake in shares of Werner Enterprises by 59.1% during the fourth quarter. SG Americas Securities LLC now owns 4,187 shares of the transportation company’s stock worth $150,000 after buying an additional 1,555 shares during the last quarter. 89.32% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on WERN. Susquehanna raised shares of Werner Enterprises from a “negative” rating to a “neutral” rating and set a $38.00 target price on the stock in a research note on Friday, January 3rd. Wells Fargo & Company decreased 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. Stifel Nicolaus boosted their target price on shares of Werner Enterprises from $30.00 to $35.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. Barclays decreased their target price on shares of Werner Enterprises from $40.00 to $38.00 and set an “equal weight” rating on the stock in a research note on Friday, February 7th. Finally, StockNews.com upgraded shares of Werner Enterprises from a “sell” rating to a “hold” rating in a report on Thursday, February 20th. Five equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $37.29.

Werner Enterprises Price Performance

WERN stock opened at $31.97 on Tuesday. The firm has a market cap of $1.98 billion, a price-to-earnings ratio of 58.13 and a beta of 0.84. 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 12-month low of $31.87 and a 12-month high of $42.48. The company’s fifty day simple moving average is $35.37 and its 200 day simple moving average is $37.10.

Werner Enterprises (NASDAQ:WERN) last released 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%. On average, analysts expect that Werner Enterprises, Inc. will post 1.27 earnings per share for the current year.

Werner Enterprises Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Monday, April 14th will be issued a dividend of $0.14 per share. The ex-dividend date of this dividend is Monday, April 14th. This represents a $0.56 annualized dividend and a dividend yield of 1.75%. Werner Enterprises’s dividend payout ratio is currently 101.82%.

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.