Clearline Capital LP Acquires 18,000 Shares of Werner Enterprises, Inc. $WERN

Clearline Capital LP grew its holdings in Werner Enterprises, Inc. (NASDAQ:WERN) by 12.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 164,356 shares of the transportation company’s stock after acquiring an additional 18,000 shares during the period. Clearline Capital LP owned 0.27% of Werner Enterprises worth $4,932,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Vaughan Nelson Investment Management L.P. bought a new stake in Werner Enterprises in the fourth quarter worth approximately $34,201,000. American Century Companies Inc. grew its position in Werner Enterprises by 5.4% in the third quarter. American Century Companies Inc. now owns 2,404,508 shares of the transportation company’s stock worth $63,287,000 after acquiring an additional 123,513 shares in the last quarter. WINTON GROUP Ltd bought a new stake in Werner Enterprises in the third quarter worth approximately $4,062,000. Thrivent Financial for Lutherans grew its position in Werner Enterprises by 17.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 205,654 shares of the transportation company’s stock worth $6,172,000 after acquiring an additional 30,812 shares in the last quarter. Finally, Deprince Race & Zollo Inc. grew its position in Werner Enterprises by 4.6% in the fourth quarter. Deprince Race & Zollo Inc. now owns 2,750,034 shares of the transportation company’s stock worth $82,529,000 after acquiring an additional 120,343 shares in the last quarter. 89.32% of the stock is owned by institutional investors.

Werner Enterprises Price Performance

NASDAQ WERN opened at $39.88 on Thursday. The company has a current ratio of 1.46, a quick ratio of 1.43 and a debt-to-equity ratio of 0.66. The company has a fifty day simple moving average of $37.54 and a 200 day simple moving average of $33.69. The company has a market cap of $2.39 billion, a P/E ratio of -265.87, a P/E/G ratio of 0.89 and a beta of 1.26. Werner Enterprises, Inc. has a 1 year low of $23.06 and a 1 year high of $45.27.

Werner Enterprises (NASDAQ:WERN) last posted its quarterly earnings data on Tuesday, April 28th. The transportation company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.05. Werner Enterprises had a negative net margin of 0.28% and a positive return on equity of 0.66%. The business had revenue of $730.14 million during the quarter, compared to the consensus estimate of $812.50 million. During the same period in the prior year, the firm earned ($0.12) EPS. Werner Enterprises’s quarterly revenue was up 13.6% compared to the same quarter last year. On average, sell-side analysts predict that Werner Enterprises, Inc. will post 0.94 EPS for the current year.

Werner Enterprises Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Monday, July 6th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Monday, July 6th. This represents a $0.56 dividend on an annualized basis and a yield of 1.4%. Werner Enterprises’s dividend payout ratio is -373.33%.

Analyst Ratings Changes

Several analysts have commented on the stock. Susquehanna boosted their target price on shares of Werner Enterprises from $38.00 to $47.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 2nd. JPMorgan Chase & Co. boosted their target price on shares of Werner Enterprises from $30.00 to $34.00 and gave the stock an “underweight” rating in a research report on Wednesday, April 29th. Wall Street Zen raised shares of Werner Enterprises from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. TD Cowen upped their price objective on shares of Werner Enterprises from $36.00 to $43.00 and gave the stock a “hold” rating in a report on Wednesday, April 29th. Finally, UBS Group upped their price objective on shares of Werner Enterprises from $33.00 to $37.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. One analyst has rated the stock with a Buy rating, nine have given a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Reduce” and an average price target of $36.92.

Werner Enterprises Profile

Werner Enterprises, Inc, founded in 1956 by Clarence L. “Chris” Werner, is a leading transportation and logistics provider based in Omaha, Nebraska. The company began as a one‐truck operation and has since grown into one of North America’s largest carriers, offering an array of services to support diverse supply chains.

Werner’s core business activities include full truckload dry van services, dedicated contract carriage, intermodal transport and brokerage solutions. The company also provides value-added services such as warehousing, freight management and fleet maintenance through its network of terminals and service centers.