Putnam Investments LLC purchased a new stake in Werner Enterprises, Inc. (NASDAQ:WERN) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 101,500 shares of the transportation company’s stock, valued at approximately $3,811,000. Putnam Investments LLC owned approximately 0.14% of Werner Enterprises as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. First Trust Advisors LP grew its stake in shares of Werner Enterprises by 139.9% in the 2nd quarter. First Trust Advisors LP now owns 110,445 shares of the transportation company’s stock valued at $4,147,000 after purchasing an additional 64,409 shares during the period. American Century Companies Inc. grew its stake in shares of Werner Enterprises by 4.8% in the 2nd quarter. American Century Companies Inc. now owns 327,643 shares of the transportation company’s stock valued at $12,303,000 after purchasing an additional 15,095 shares during the period. Intrinsic Edge Capital Management LLC grew its stake in shares of Werner Enterprises by 165.0% in the 2nd quarter. Intrinsic Edge Capital Management LLC now owns 463,030 shares of the transportation company’s stock valued at $17,387,000 after purchasing an additional 288,314 shares during the period. Schwab Charles Investment Management Inc. grew its stake in shares of Werner Enterprises by 4.4% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 433,711 shares of the transportation company’s stock valued at $16,286,000 after purchasing an additional 18,098 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in shares of Werner Enterprises by 41.8% in the 1st quarter. JPMorgan Chase & Co. now owns 71,203 shares of the transportation company’s stock valued at $2,600,000 after purchasing an additional 20,987 shares during the period. Institutional investors own 68.39% of the company’s stock.

Several equities research analysts have recently weighed in on the company. BidaskClub lowered Werner Enterprises from a “hold” rating to a “sell” rating in a research note on Tuesday. ValuEngine upgraded Werner Enterprises from a “hold” rating to a “buy” rating in a research note on Tuesday, September 11th. Credit Suisse Group upped their price objective on Werner Enterprises from $40.00 to $42.00 and gave the company a “neutral” rating in a research note on Tuesday, July 24th. Buckingham Research lowered their price objective on Werner Enterprises from $53.00 to $50.00 and set a “buy” rating on the stock in a research note on Tuesday, July 24th. Finally, Cowen upped their price objective on Werner Enterprises from $35.00 to $37.00 and gave the company an “underperform” rating in a research note on Tuesday, July 24th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $42.93.

NASDAQ WERN opened at $35.25 on Tuesday. The company has a market cap of $2.55 billion, a P/E ratio of 27.76, a price-to-earnings-growth ratio of 1.10 and a beta of 1.00. Werner Enterprises, Inc. has a one year low of $33.20 and a one year high of $43.95. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.76 and a current ratio of 1.81.

Werner Enterprises (NASDAQ:WERN) last released its quarterly earnings results on Monday, July 23rd. The transportation company reported $0.61 EPS for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.11. The business had revenue of $619.13 million for the quarter, compared to analyst estimates of $599.20 million. Werner Enterprises had a return on equity of 10.71% and a net margin of 10.09%. Werner Enterprises’s revenue for the quarter was up 19.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.32 EPS. analysts forecast that Werner Enterprises, Inc. will post 2.23 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 16th. Investors of record on Monday, October 1st will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Friday, September 28th. This represents a $0.36 dividend on an annualized basis and a yield of 1.02%. Werner Enterprises’s dividend payout ratio (DPR) is presently 28.35%.

Werner Enterprises Company Profile

Werner Enterprises, Inc, a transportation and logistics company, engages in transporting truckload shipments of general commodities in interstate and intrastate commerce in the United States, Mexico, Canada, China, and Australia. It operates through two segments, Truckload Transportation Services and Werner Logistics.

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

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