Sun Sep 15 11:18:57 UTC 2024: ## Headlands Technologies Boosts Investment in Werner Enterprises

**MarketBeat News** – Headlands Technologies LLC significantly increased its stake in Werner Enterprises, Inc. (NASDAQ:WERN) during the second quarter, according to a recent filing with the Securities & Exchange Commission. The investment firm now owns 5,623 shares of the transportation company, representing a 163% increase from the previous quarter. This investment is valued at approximately $201,000.

Headlands Technologies LLC isn’t the only investor making moves with Werner Enterprises. Other notable activity includes:

* **Jade Capital Advisors LLC** acquiring a new position in Werner Enterprises valued at $2,118,000.
* **First Eagle Investment Management LLC** increasing its holdings by 34.9% during the first quarter, now owning 327,948 shares worth $12,829,000.
* **Congress Asset Management Co. MA** boosting its stake by 14.8% in the first quarter, reaching 305,501 shares valued at $11,951,000.
* **Norden Group LLC** seeing a remarkable 1,048.4% increase in its holdings during the first quarter, now owning 91,312 shares valued at $3,572,000.
* **Norges Bank** acquiring a new stake in Werner Enterprises during the fourth quarter worth $8,855,000.

Institutional investors currently own 89.32% of Werner Enterprises’ stock.

**Analyst Opinions Remain Mixed**

Several analysts have recently commented on WERN shares, with opinions ranging from “underweight” to “hold.”

* JPMorgan Chase & Co. raised their target price to $37.00, but maintained an “underweight” rating.
* UBS Group downgraded Werner Enterprises to “neutral” and set a target price of $39.00.
* Susquehanna reduced their target price to $26.00 and assigned a “negative” rating.
* Wells Fargo & Company initiated coverage with an “underweight” rating and a $38.00 price objective.
* Stifel Nicolaus lowered their price objective to $33.00 and gave a “hold” rating.

Overall, MarketBeat.com reports an average rating of “Hold” for WERN with an average price target of $37.75.

**Werner Enterprises, Inc.** operates in the transportation industry, providing truckload shipments of general commodities in the United States, Mexico, and internationally. The company operates through two segments: Truckload Transportation Services and Werner Logistics.

**Dividend Update**

Werner Enterprises declared a quarterly dividend of $0.14 per share, payable on Wednesday, October 23rd to stockholders of record on Monday, October 7th. This represents an annualized dividend of $0.56 and a yield of 1.50%. The ex-dividend date is Monday, October 7th.

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