Werner Enterprises Inc. (WERN) Shares Sold by Coyle Financial Counsel LLC
Coyle Financial Counsel LLC decreased its position in shares of Werner Enterprises Inc. (NASDAQ:WERN) by 38.2% during the second quarter, Holdings Channel reports. The fund owned 29,674 shares of the company’s stock after selling 18,359 shares during the period. Werner Enterprises accounts for about 1.0% of Coyle Financial Counsel LLC’s holdings, making the stock its 25th largest position. Coyle Financial Counsel LLC’s holdings in Werner Enterprises were worth $682,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. M&T Bank Corp bought a new stake in Werner Enterprises during the first quarter worth $200,000. First Republic Investment Management Inc. bought a new stake in Werner Enterprises during the first quarter worth $282,000. Pacad Investment Ltd. bought a new stake in Werner Enterprises during the first quarter worth $295,000. Stoneridge Investment Partners LLC bought a new stake in Werner Enterprises during the second quarter worth $260,000. Finally, Creative Planning increased its stake in Werner Enterprises by 1.2% in the second quarter. Creative Planning now owns 16,500 shares of the company’s stock worth $379,000 after buying an additional 200 shares during the last quarter. 64.80% of the stock is currently owned by institutional investors.
Shares of Werner Enterprises Inc. (NASDAQ:WERN) traded up 0.17% during mid-day trading on Monday, hitting $23.69. 618,571 shares of the company’s stock traded hands. The company has a market cap of $1.71 billion, a PE ratio of 16.00 and a beta of 0.86. The firm has a 50-day moving average of $23.67 and a 200 day moving average of $24.82. Werner Enterprises Inc. has a 52 week low of $20.91 and a 52 week high of $28.80.
Werner Enterprises (NASDAQ:WERN) last posted its quarterly earnings results on Thursday, July 21st. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.02. Werner Enterprises had a net margin of 5.24% and a return on equity of 11.42%. The company had revenue of $498.68 million for the quarter, compared to analyst estimates of $499.50 million. During the same quarter in the previous year, the firm posted $0.44 earnings per share. Equities research analysts predict that Werner Enterprises Inc. will post $1.13 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 18th. Stockholders of record on Monday, October 3rd will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.01%. The ex-dividend date is Thursday, September 29th. Werner Enterprises’s dividend payout ratio (DPR) is currently 16.22%.
A number of equities research analysts have weighed in on the company. Barclays PLC lifted their price objective on Werner Enterprises from $24.00 to $26.00 and gave the company an “equal weight” rating in a report on Monday, September 12th. Citigroup Inc. decreased their price objective on Werner Enterprises from $25.00 to $24.00 and set a “neutral” rating on the stock in a report on Monday, July 11th. Evercore ISI assumed coverage on Werner Enterprises in a report on Friday, June 3rd. They set a “hold” rating and a $28.00 price objective on the stock. Deutsche Bank AG set a $23.00 price objective on Werner Enterprises and gave the company a “hold” rating in a report on Monday, July 25th. Finally, Cowen and Company decreased their price objective on Werner Enterprises from $28.00 to $23.00 and set a “market perform” rating on the stock in a report on Tuesday, June 21st. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $27.22.
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. The Company operates through two segments: Truckload Transportation Services (Truckload) and Value Added Services (VAS).
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