Penn Capital Management Company LLC Has $21.48 Million Stock Holdings in Werner Enterprises, Inc. $WERN

Penn Capital Management Company LLC lifted its holdings in Werner Enterprises, Inc. (NASDAQ:WERN) by 10.8% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 491,541 shares of the transportation company’s stock after buying an additional 48,089 shares during the quarter. Werner Enterprises comprises 1.4% of Penn Capital Management Company LLC’s portfolio, making the stock its 22nd biggest holding. Penn Capital Management Company LLC owned about 0.82% of Werner Enterprises worth $21,475,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Wellington Management Group LLP increased its position in Werner Enterprises by 605.3% in the 4th quarter. Wellington Management Group LLP now owns 2,510,354 shares of the transportation company’s stock valued at $75,336,000 after acquiring an additional 2,154,428 shares in the last quarter. First Trust Advisors LP grew its stake in shares of Werner Enterprises by 1,361.0% during the first quarter. First Trust Advisors LP now owns 1,921,152 shares of the transportation company’s stock valued at $56,501,000 after purchasing an additional 1,789,653 shares during the last quarter. BlackRock Inc. increased its holdings in shares of Werner Enterprises by 17.7% in the second quarter. BlackRock Inc. now owns 10,405,606 shares of the transportation company’s stock valued at $453,788,000 after purchasing an additional 1,563,170 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Werner Enterprises by 539.7% in the fourth quarter. Invesco Ltd. now owns 1,670,737 shares of the transportation company’s stock valued at $50,139,000 after purchasing an additional 1,409,556 shares in the last quarter. Finally, Balyasny Asset Management L.P. raised its position in Werner Enterprises by 572.4% in the 4th quarter. Balyasny Asset Management L.P. now owns 1,297,054 shares of the transportation company’s stock worth $38,925,000 after purchasing an additional 1,104,160 shares during the last quarter. Institutional investors and hedge funds own 89.32% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on WERN. Bank of America increased their price objective on Werner Enterprises from $31.00 to $36.00 and gave the company an “underperform” rating in a research report on Thursday, July 23rd. Susquehanna upgraded Werner Enterprises from a “neutral” rating to a “positive” rating and decreased their price target for the company from $48.00 to $44.00 in a report on Thursday, July 30th. The Goldman Sachs Group lifted their price objective on Werner Enterprises from $43.00 to $48.00 and gave the stock a “buy” rating in a research report on Tuesday, June 23rd. Weiss Ratings reissued a “sell (d+)” rating on shares of Werner Enterprises in a report on Friday, July 24th. Finally, Zacks Research lowered shares of Werner Enterprises from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 4th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eight have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $41.54.

Werner Enterprises Price Performance

Shares of WERN opened at $38.42 on Friday. The company has a current ratio of 1.45, a quick ratio of 1.42 and a debt-to-equity ratio of 0.60. Werner Enterprises, Inc. has a 1 year low of $23.06 and a 1 year high of $47.49. The stock has a market cap of $2.30 billion, a P/E ratio of -50.55, a price-to-earnings-growth ratio of 0.68 and a beta of 1.27. The stock’s 50-day moving average price is $40.86 and its two-hundred day moving average price is $36.96.

Werner Enterprises (NASDAQ:WERN) last announced its quarterly earnings results on Tuesday, July 28th. The transportation company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.02). The company had revenue of $813.36 million during the quarter, compared to the consensus estimate of $931.12 million. Werner Enterprises had a negative net margin of 1.42% and a positive return on equity of 1.18%. The business’s revenue was up 24.0% compared to the same quarter last year. During the same period last year, the company earned $0.11 earnings per share. On average, equities analysts predict that Werner Enterprises, Inc. will post 1.13 earnings per share for the current year.

Werner Enterprises Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 21st. Shareholders of record on Monday, October 5th will be paid a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Monday, October 5th. Werner Enterprises’s dividend payout ratio is presently -73.68%.

About Werner Enterprises

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.