GSA Capital Partners LLP Takes $2.93 Million Position in Werner Enterprises, Inc. (WERN)
GSA Capital Partners LLP purchased a new position in Werner Enterprises, Inc. (NASDAQ:WERN) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 80,228 shares of the transportation company’s stock, valued at approximately $2,932,000. GSA Capital Partners LLP owned about 0.11% of Werner Enterprises as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also bought and sold shares of WERN. Public Employees Retirement System of Ohio lifted its position in shares of Werner Enterprises by 7.2% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 6,708 shares of the transportation company’s stock worth $197,000 after buying an additional 451 shares during the last quarter. ING Groep NV bought a new position in shares of Werner Enterprises in the 3rd quarter worth about $201,000. Crossmark Global Holdings Inc. bought a new position in shares of Werner Enterprises in the 3rd quarter worth about $203,000. Royal Bank of Canada lifted its position in shares of Werner Enterprises by 190.5% in the 2nd quarter. Royal Bank of Canada now owns 7,430 shares of the transportation company’s stock worth $218,000 after buying an additional 4,872 shares during the last quarter. Finally, Rehmann Capital Advisory Group bought a new position in shares of Werner Enterprises in the 3rd quarter worth about $233,000. Institutional investors own 64.78% of the company’s stock.
A number of research analysts have recently issued reports on WERN shares. Buckingham Research started coverage on shares of Werner Enterprises in a research report on Monday, August 21st. They issued a “buy” rating and a $36.00 price target on the stock. Zacks Investment Research upgraded shares of Werner Enterprises from a “hold” rating to a “buy” rating and set a $35.00 price target on the stock in a research report on Wednesday, August 23rd. Stifel Nicolaus reiterated a “hold” rating and issued a $36.00 price objective on shares of Werner Enterprises in a research report on Sunday, October 1st. Barclays lifted their price objective on shares of Werner Enterprises from $25.00 to $32.00 and gave the company an “equal weight” rating in a research report on Monday, October 2nd. Finally, Robert W. Baird reiterated a “hold” rating and issued a $38.00 price objective on shares of Werner Enterprises in a research report on Friday, October 6th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $33.73.
Shares of Werner Enterprises, Inc. (NASDAQ WERN) opened at $37.95 on Friday. The firm has a market cap of $2,756.04, a PE ratio of 33.13, a P/E/G ratio of 2.13 and a beta of 0.97. Werner Enterprises, Inc. has a 52-week low of $24.20 and a 52-week high of $39.15. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.78 and a quick ratio of 1.73.
Werner Enterprises (NASDAQ:WERN) last issued its quarterly earnings data on Thursday, October 19th. The transportation company reported $0.31 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.01). The firm had revenue of $528.64 million during the quarter, compared to the consensus estimate of $532.48 million. Werner Enterprises had a net margin of 4.04% and a return on equity of 8.18%. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.26 earnings per share. equities analysts predict that Werner Enterprises, Inc. will post 1.23 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Tuesday, January 2nd will be paid a dividend of $0.07 per share. The ex-dividend date is Friday, December 29th. This represents a $0.28 annualized dividend and a yield of 0.74%. Werner Enterprises’s payout ratio is 24.35%.
In other Werner Enterprises news, CEO Derek J. Leathers sold 17,500 shares of the firm’s stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $35.26, for a total transaction of $617,050.00. Following the transaction, the chief executive officer now owns 211,280 shares of the company’s stock, valued at approximately $7,449,732.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 34.70% of the stock is currently owned by company insiders.
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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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