Bank of New York Mellon Corp cut its position in Werner Enterprises, Inc. (NASDAQ:WERN) by 5.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,454,555 shares of the transportation company’s stock after selling 188,031 shares during the quarter. Bank of New York Mellon Corp owned 4.78% of Werner Enterprises worth $126,265,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of WERN. BlackRock Inc. raised its position in Werner Enterprises by 17,543.9% in the first quarter. BlackRock Inc. now owns 4,617,064 shares of the transportation company’s stock valued at $120,967,000 after purchasing an additional 4,590,896 shares during the last quarter. Hodges Capital Management Inc. bought a new position in Werner Enterprises in the third quarter valued at about $13,171,000. Vanguard Group Inc. raised its position in Werner Enterprises by 7.1% in the first quarter. Vanguard Group Inc. now owns 3,644,333 shares of the transportation company’s stock valued at $95,481,000 after purchasing an additional 242,284 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Werner Enterprises by 3.7% in the second quarter. Dimensional Fund Advisors LP now owns 5,451,128 shares of the transportation company’s stock valued at $159,992,000 after purchasing an additional 194,294 shares during the last quarter. Finally, DSAM Partners London Ltd bought a new position in Werner Enterprises in the third quarter valued at about $4,386,000. Hedge funds and other institutional investors own 63.26% of the company’s stock.

In related news, CEO Derek J. Leathers sold 17,500 shares of the firm’s stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of $35.26, for a total transaction of $617,050.00. Following the completion of the sale, the chief executive officer now owns 211,280 shares of the company’s stock, valued at $7,449,732.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 34.70% of the company’s stock.

WERN has been the subject of several research reports. Buckingham Research initiated coverage on Werner Enterprises in a research report on Monday, August 21st. They issued a “buy” rating and a $36.00 target price for the company. Wells Fargo & Company increased their price target on Werner Enterprises from $29.00 to $35.00 and gave the company a “market perform” rating in a research note on Friday, October 20th. Credit Suisse Group decreased their price target on Werner Enterprises from $35.00 to $34.00 and set a “neutral” rating for the company in a research note on Friday, October 20th. Deutsche Bank AG reissued a “hold” rating and issued a $32.00 price target (up previously from $25.00) on shares of Werner Enterprises in a research note on Wednesday, August 9th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $36.00 price target on shares of Werner Enterprises in a research note on Sunday, October 1st. Three analysts have rated the stock with a sell rating, ten have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $33.73.

Shares of Werner Enterprises, Inc. (NASDAQ WERN) opened at $35.20 on Thursday. Werner Enterprises, Inc. has a one year low of $24.20 and a one year high of $37.20. The company has a market capitalization of $2,528.18, a P/E ratio of 30.39, a P/E/G ratio of 1.96 and a beta of 0.96. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.73 and a current ratio of 1.78.

Werner Enterprises (NASDAQ:WERN) last released its earnings results on Thursday, October 19th. The transportation company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.01). Werner Enterprises had a return on equity of 8.18% and a net margin of 4.04%. The business had revenue of $528.64 million for the quarter, compared to analyst estimates of $532.48 million. During the same period in the prior year, the business earned $0.26 EPS. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. analysts forecast that Werner Enterprises, Inc. will post 1.23 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Tuesday, January 2nd will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, December 29th. This represents a $0.28 annualized dividend and a yield of 0.80%. Werner Enterprises’s dividend payout ratio is currently 24.35%.

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Werner Enterprises Company Profile

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. It operates through two segments: Truckload and Werner Logistics. It provides logistics services through its Werner Logistics division.

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

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