Quadrant Capital Group LLC Purchases 639 Shares of Werner Enterprises, Inc. (NASDAQ:WERN)

Quadrant Capital Group LLC boosted its position in Werner Enterprises, Inc. (NASDAQ:WERN) by 35.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 2,431 shares of the transportation company’s stock after buying an additional 639 shares during the period. Quadrant Capital Group LLC’s holdings in Werner Enterprises were worth $87,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Headlands Technologies LLC bought a new stake in shares of Werner Enterprises in the fourth quarter valued at about $39,000. Blue Trust Inc. boosted its holdings in Werner Enterprises by 64.7% in the 4th quarter. Blue Trust Inc. now owns 1,308 shares of the transportation company’s stock valued at $50,000 after purchasing an additional 514 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in shares of Werner Enterprises during the 3rd quarter worth approximately $96,000. KBC Group NV raised its position in shares of Werner Enterprises by 43.7% in the fourth quarter. KBC Group NV now owns 2,976 shares of the transportation company’s stock valued at $107,000 after buying an additional 905 shares in the last quarter. Finally, SG Americas Securities LLC boosted its stake in shares of Werner Enterprises by 59.1% in the fourth quarter. SG Americas Securities LLC now owns 4,187 shares of the transportation company’s stock valued at $150,000 after buying an additional 1,555 shares during the period. 89.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. The Goldman Sachs Group lowered their price objective on Werner Enterprises from $36.00 to $28.00 and set a “sell” rating on the stock in a research note on Thursday. StockNews.com downgraded Werner Enterprises from a “hold” rating to a “sell” rating in a research note on Thursday, April 3rd. Barclays reduced their price objective on shares of Werner Enterprises from $38.00 to $32.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 2nd. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Werner Enterprises in a report on Friday, March 7th. They set a “hold” rating and a $33.00 price target for the company. Finally, Susquehanna reduced their target price on Werner Enterprises from $39.00 to $32.00 and set a “neutral” rating on the stock in a report on Wednesday, March 26th. Five analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $35.07.

Werner Enterprises Price Performance

Werner Enterprises stock opened at $28.52 on Friday. The stock’s 50 day moving average is $31.35 and its 200 day moving average is $35.55. Werner Enterprises, Inc. has a one year low of $26.50 and a one year high of $42.48. The firm has a market cap of $1.76 billion, a P/E ratio of 51.85 and a beta of 1.06. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.52 and a quick ratio of 1.48.

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

Werner Enterprises Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Monday, April 14th will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date is Monday, April 14th. Werner Enterprises’s dividend payout ratio is 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.