DSAM Partners London Ltd Buys Shares of 120,000 Werner Enterprises, Inc. (WERN)

DSAM Partners London Ltd bought a new position in Werner Enterprises, Inc. (NASDAQ:WERN) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 120,000 shares of the transportation company’s stock, valued at approximately $4,386,000. DSAM Partners London Ltd owned about 0.17% of Werner Enterprises as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in WERN. UBS Asset Management Americas Inc. boosted its position in shares of Werner Enterprises by 18.6% in the first quarter. UBS Asset Management Americas Inc. now owns 20,403 shares of the transportation company’s stock worth $535,000 after acquiring an additional 3,200 shares during the last quarter. Parametric Portfolio Associates LLC boosted its position in shares of Werner Enterprises by 0.9% in the first quarter. Parametric Portfolio Associates LLC now owns 98,390 shares of the transportation company’s stock worth $2,578,000 after acquiring an additional 873 shares during the last quarter. Prudential Financial Inc. boosted its position in shares of Werner Enterprises by 6.5% in the first quarter. Prudential Financial Inc. now owns 30,005 shares of the transportation company’s stock worth $786,000 after acquiring an additional 1,820 shares during the last quarter. OppenheimerFunds Inc. boosted its position in shares of Werner Enterprises by 27.4% in the first quarter. OppenheimerFunds Inc. now owns 19,498 shares of the transportation company’s stock worth $510,000 after acquiring an additional 4,190 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its position in shares of Werner Enterprises by 2.9% in the first quarter. Principal Financial Group Inc. now owns 175,400 shares of the transportation company’s stock worth $4,595,000 after acquiring an additional 4,936 shares during the last quarter. 64.64% of the stock is currently owned by institutional investors and hedge funds.

Werner Enterprises (NASDAQ:WERN) last issued its earnings results on Thursday, October 19th. The transportation company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.01). The firm had revenue of $528.64 million during the quarter, compared to analyst estimates of $532.48 million. Werner Enterprises had a net margin of 4.04% and a return on equity of 8.18%. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.26 earnings per share.

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 17th. Investors of record on Monday, October 2nd were paid a $0.07 dividend. The ex-dividend date was Friday, September 29th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.78%. Werner Enterprises’s payout ratio is 24.35%.

Several research firms recently commented on WERN. Stifel Nicolaus restated a “hold” rating and issued a $36.00 price target on shares of Werner Enterprises in a report on Sunday, October 1st. Barclays PLC raised their price target on shares of Werner Enterprises from $25.00 to $32.00 and gave the company an “equal weight” rating in a report on Monday, October 2nd. Robert W. Baird restated a “hold” rating and issued a $38.00 price target on shares of Werner Enterprises in a report on Friday, October 6th. J P Morgan Chase & Co raised their price target on shares of Werner Enterprises from $26.00 to $35.00 and gave the company a “neutral” rating in a report on Thursday, October 12th. Finally, Wells Fargo & Company raised their price target on shares of Werner Enterprises from $29.00 to $35.00 and gave the company a “market perform” rating in a report on Friday, October 20th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $33.73.

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In related news, CEO Derek J. Leathers sold 17,500 shares of the company’s stock in a transaction on Wednesday, September 20th. The stock was sold at an average price of $35.26, for a total value of $617,050.00. Following the completion of the transaction, the chief executive officer now directly owns 211,280 shares in the company, valued at $7,449,732.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 34.70% of the company’s stock.

About Werner Enterprises

Werner Enterprises, Inc is a transportation and logistics company. The Company is engaged in transporting truckload shipments of general commodities in both interstate and intrastate commerce. It operates through two segments: Truckload and Werner Logistics. It provides logistics services through its Werner Logistics division.

Institutional Ownership by Quarter for Werner Enterprises (NASDAQ:WERN)

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