Goldman Sachs Group Inc. Sells 126,862 Shares of Werner Enterprises, Inc. (NASDAQ:WERN)

Goldman Sachs Group Inc. lowered its position in shares of Werner Enterprises, Inc. (NASDAQ:WERN) by 21.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 451,506 shares of the transportation company’s stock after selling 126,862 shares during the period. Goldman Sachs Group Inc.’s holdings in Werner Enterprises were worth $19,130,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Werner Enterprises by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 5,854,948 shares of the transportation company’s stock worth $228,050,000 after purchasing an additional 48,380 shares during the period. Victory Capital Management Inc. increased its holdings in shares of Werner Enterprises by 7.6% in the 4th quarter. Victory Capital Management Inc. now owns 3,973,767 shares of the transportation company’s stock valued at $168,369,000 after acquiring an additional 282,210 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Werner Enterprises by 0.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,811,218 shares of the transportation company’s stock worth $161,484,000 after acquiring an additional 33,906 shares in the last quarter. Nuance Investments LLC lifted its stake in shares of Werner Enterprises by 55.8% during the 4th quarter. Nuance Investments LLC now owns 2,268,348 shares of the transportation company’s stock worth $96,110,000 after purchasing an additional 812,563 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in Werner Enterprises by 8.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,373,458 shares of the transportation company’s stock valued at $58,193,000 after purchasing an additional 103,818 shares in the last quarter. 89.32% of the stock is owned by hedge funds and other institutional investors.

Werner Enterprises Stock Performance

WERN opened at $35.54 on Thursday. The company has a current ratio of 1.90, a quick ratio of 1.85 and a debt-to-equity ratio of 0.39. Werner Enterprises, Inc. has a 12-month low of $33.12 and a 12-month high of $47.27. The firm has a 50 day moving average of $36.36 and a two-hundred day moving average of $38.65. The firm has a market capitalization of $2.25 billion, a PE ratio of 27.13, a P/E/G ratio of 2.89 and a beta of 0.83.

Werner Enterprises (NASDAQ:WERN) last issued its earnings results on Tuesday, April 30th. The transportation company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.14). Werner Enterprises had a return on equity of 6.15% and a net margin of 2.59%. The business had revenue of $769.08 million for the quarter, compared to analysts’ expectations of $788.30 million. During the same period last year, the business earned $0.60 EPS. The company’s revenue for the quarter was down 7.6% on a year-over-year basis. On average, analysts anticipate that Werner Enterprises, Inc. will post 1.35 EPS for the current year.

Werner Enterprises Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 17th. Investors of record on Monday, July 1st will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 1.58%. The ex-dividend date of this dividend is Monday, July 1st. Werner Enterprises’s dividend payout ratio (DPR) is 42.75%.

Wall Street Analyst Weigh In

Several analysts have commented on WERN shares. TD Cowen decreased their price target on shares of Werner Enterprises from $42.00 to $38.00 and set a “buy” rating for the company in a research report on Wednesday, May 1st. Stephens reaffirmed an “equal weight” rating and issued a $40.00 price target on shares of Werner Enterprises in a report on Thursday, May 16th. Robert W. Baird decreased their price objective on Werner Enterprises from $46.00 to $42.00 and set an “outperform” rating for the company in a report on Wednesday, May 1st. StockNews.com raised Werner Enterprises from a “sell” rating to a “hold” rating in a research report on Thursday, June 20th. Finally, Susquehanna reaffirmed a “negative” rating and set a $27.00 target price (down from $32.00) on shares of Werner Enterprises in a research report on Monday. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $39.25.

Werner Enterprises Company 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.