16,400 Shares in Werner Enterprises, Inc. $WERN Purchased by Catalyst Funds Management Pty Ltd

Catalyst Funds Management Pty Ltd bought a new stake in shares of Werner Enterprises, Inc. (NASDAQ:WERN) in the fourth quarter, Holdings Channel reports. The firm bought 16,400 shares of the transportation company’s stock, valued at approximately $492,000.

Several other institutional investors also recently bought and sold shares of the company. Hantz Financial Services Inc. increased its stake in Werner Enterprises by 289.5% during the third quarter. Hantz Financial Services Inc. now owns 1,293 shares of the transportation company’s stock worth $34,000 after purchasing an additional 961 shares during the period. Covestor Ltd lifted its position in shares of Werner Enterprises by 42.0% during the third quarter. Covestor Ltd now owns 2,542 shares of the transportation company’s stock worth $67,000 after purchasing an additional 752 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Werner Enterprises by 41.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,324 shares of the transportation company’s stock valued at $70,000 after purchasing an additional 679 shares during the period. GAMMA Investing LLC boosted its stake in shares of Werner Enterprises by 49.0% in the fourth quarter. GAMMA Investing LLC now owns 2,429 shares of the transportation company’s stock valued at $73,000 after purchasing an additional 799 shares during the period. Finally, KBC Group NV grew its holdings in shares of Werner Enterprises by 86.9% in the fourth quarter. KBC Group NV now owns 3,614 shares of the transportation company’s stock valued at $108,000 after purchasing an additional 1,680 shares in the last quarter. 89.32% of the stock is owned by institutional investors and hedge funds.

Werner Enterprises Price Performance

Shares of NASDAQ:WERN opened at $39.79 on Monday. Werner Enterprises, Inc. has a fifty-two week low of $23.06 and a fifty-two week high of $40.11. The firm’s 50 day moving average price is $32.56 and its 200 day moving average price is $31.47. The company has a quick ratio of 1.43, a current ratio of 1.46 and a debt-to-equity ratio of 0.66. The stock has a market cap of $2.39 billion, a price-to-earnings ratio of -265.27, a price-to-earnings-growth ratio of 0.84 and a beta of 1.24.

Werner Enterprises (NASDAQ:WERN) last posted its quarterly earnings results on Tuesday, April 28th. The transportation company reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.03) by $0.05. Werner Enterprises had a negative net margin of 0.28% and a positive return on equity of 0.66%. The company had revenue of $730.14 million during the quarter, compared to analysts’ expectations of $812.50 million. During the same quarter in the previous year, the business posted ($0.12) EPS. The firm’s revenue was up 13.6% on a year-over-year basis. As a group, equities research analysts predict that Werner Enterprises, Inc. will post 0.94 earnings per share for the current fiscal year.

Werner Enterprises Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Monday, July 6th will be paid a dividend of $0.14 per share. The ex-dividend date is Monday, July 6th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.4%. Werner Enterprises’s payout ratio is presently -373.33%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on WERN shares. Wells Fargo & Company upped their target price on shares of Werner Enterprises from $34.00 to $39.00 and gave the stock an “equal weight” rating in a research note on Friday, February 6th. Zacks Research upgraded shares of Werner Enterprises from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 6th. JPMorgan Chase & Co. upped their price objective on Werner Enterprises from $30.00 to $34.00 and gave the stock an “underweight” rating in a research report on Wednesday, April 29th. Weiss Ratings upgraded Werner Enterprises from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, April 29th. Finally, Citigroup lifted their target price on Werner Enterprises from $34.00 to $37.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. Two equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $35.15.

Werner Enterprises Company Profile

Werner Enterprises, Inc, founded in 1956 by Clarence L. “Chris” Werner, is a leading transportation and logistics provider based in Omaha, Nebraska. The company began as a one‐truck operation and has since grown into one of North America’s largest carriers, offering an array of services to support diverse supply chains.

Werner’s core business activities include full truckload dry van services, dedicated contract carriage, intermodal transport and brokerage solutions. The company also provides value-added services such as warehousing, freight management and fleet maintenance through its network of terminals and service centers.