Atria Investments Inc Purchases 1,329 Shares of Werner Enterprises, Inc. (NASDAQ:WERN)

Atria Investments Inc boosted its holdings in shares of Werner Enterprises, Inc. (NASDAQ:WERN) by 16.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 9,479 shares of the transportation company’s stock after acquiring an additional 1,329 shares during the quarter. Atria Investments Inc’s holdings in Werner Enterprises were worth $340,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Blue Trust Inc. grew its holdings in Werner Enterprises by 64.7% in the fourth quarter. Blue Trust Inc. now owns 1,308 shares of the transportation company’s stock worth $50,000 after purchasing an additional 514 shares during the last quarter. KBC Group NV lifted its position in Werner Enterprises by 43.1% during the 3rd quarter. KBC Group NV now owns 2,071 shares of the transportation company’s stock worth $80,000 after acquiring an additional 624 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in Werner Enterprises during the 3rd quarter worth about $96,000. SG Americas Securities LLC grew its stake in Werner Enterprises by 59.1% during the 4th quarter. SG Americas Securities LLC now owns 4,187 shares of the transportation company’s stock valued at $150,000 after purchasing an additional 1,555 shares during the last quarter. Finally, Cim Investment Management Inc. acquired a new position in shares of Werner Enterprises in the third quarter valued at about $203,000. 89.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on WERN shares. Susquehanna raised Werner Enterprises from a “negative” rating to a “neutral” rating and set a $38.00 price target on the stock in a research report on Friday, January 3rd. Deutsche Bank Aktiengesellschaft initiated coverage on Werner Enterprises in a research report on Friday, March 7th. They set a “hold” rating and a $33.00 price target for the company. StockNews.com lowered Werner Enterprises from a “hold” rating to a “sell” rating in a research report on Tuesday, March 11th. Wells Fargo & Company decreased their target price on shares of Werner Enterprises from $36.00 to $34.00 and set an “underweight” rating for the company in a research note on Friday, February 7th. Finally, Barclays dropped their price target on shares of Werner Enterprises from $40.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Friday, February 7th. Six 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. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $37.00.

Werner Enterprises Stock Up 1.5 %

Shares of NASDAQ WERN opened at $29.91 on Monday. The company has a quick ratio of 1.48, a current ratio of 1.52 and a debt-to-equity ratio of 0.43. The business’s 50 day moving average is $34.46 and its two-hundred day moving average is $36.70. Werner Enterprises, Inc. has a 52-week low of $29.26 and a 52-week high of $42.48. The firm has a market cap of $1.85 billion, a price-to-earnings ratio of 54.38 and a beta of 0.85.

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

Werner Enterprises Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Monday, April 14th will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date of this dividend is Monday, April 14th. 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.