Farringdon Capital Ltd. Invests $251,000 in Werner Enterprises, Inc. (NASDAQ:WERN)

Farringdon Capital Ltd. bought a new stake in shares of Werner Enterprises, Inc. (NASDAQ:WERN) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 6,983 shares of the transportation company’s stock, valued at approximately $251,000.

A number of other hedge funds have also recently bought and sold shares of WERN. Vanguard Group Inc. grew its stake in shares of Werner Enterprises by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 6,730,457 shares of the transportation company’s stock worth $241,758,000 after purchasing an additional 32,228 shares during the last quarter. American Century Companies Inc. boosted its holdings in Werner Enterprises by 13.4% during the fourth quarter. American Century Companies Inc. now owns 1,987,187 shares of the transportation company’s stock worth $71,380,000 after buying an additional 234,811 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in Werner Enterprises by 9.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,660,846 shares of the transportation company’s stock worth $59,010,000 after buying an additional 143,953 shares during the last quarter. Wellington Management Group LLP bought a new position in shares of Werner Enterprises in the fourth quarter valued at $31,634,000. Finally, William Blair Investment Management LLC lifted its position in shares of Werner Enterprises by 2.2% during the 4th quarter. William Blair Investment Management LLC now owns 735,695 shares of the transportation company’s stock valued at $26,426,000 after acquiring an additional 15,800 shares during the last quarter. 89.32% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

WERN has been the topic of a number of recent research reports. Barclays decreased their target price on Werner Enterprises from $38.00 to $32.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 2nd. The Goldman Sachs Group cut their price objective on Werner Enterprises from $36.00 to $28.00 and set a “sell” rating on the stock in a report on Thursday, April 10th. Wells Fargo & Company decreased their target price on shares of Werner Enterprises from $34.00 to $27.00 and set an “underweight” rating for the company in a report on Thursday, March 27th. Susquehanna cut their price target on shares of Werner Enterprises from $39.00 to $32.00 and set a “neutral” rating on the stock in a report on Wednesday, March 26th. Finally, StockNews.com lowered shares of Werner Enterprises from a “hold” rating to a “sell” rating in a research note on Thursday, April 3rd. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $34.71.

Werner Enterprises Stock Up 3.4 %

WERN opened at $28.30 on Friday. The company has a market capitalization of $1.75 billion, a PE ratio of 51.45 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, Inc. has a fifty-two week low of $26.50 and a fifty-two week high of $42.48. The business has a 50-day moving average of $30.55 and a 200-day moving average of $35.15.

Werner Enterprises (NASDAQ:WERN) last issued its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.08 earnings per share 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%. Equities research analysts forecast that Werner Enterprises, Inc. will post 1.27 EPS for the current fiscal year.

Werner Enterprises Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Monday, April 14th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 1.98%. The ex-dividend date is Monday, April 14th. Werner Enterprises’s 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.