State of Tennessee Treasury Department Has $1,174,000 Position in Werner Enterprises, Inc. (WERN)
State of Tennessee Treasury Department continued to hold its position in shares of Werner Enterprises, Inc. (NASDAQ:WERN) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,000 shares of the transportation company’s stock at the close of the 2nd quarter. State of Tennessee Treasury Department owned 0.06% of Werner Enterprises worth $1,174,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of WERN. LS Investment Advisors LLC grew its holdings in Werner Enterprises by 17.2% in the second quarter. LS Investment Advisors LLC now owns 3,636 shares of the transportation company’s stock valued at $107,000 after purchasing an additional 533 shares during the last quarter. Advantus Capital Management Inc grew its holdings in Werner Enterprises by 3.2% in the first quarter. Advantus Capital Management Inc now owns 5,730 shares of the transportation company’s stock valued at $150,000 after purchasing an additional 178 shares during the last quarter. Public Employees Retirement System of Ohio grew its holdings in Werner Enterprises by 2.7% in the first quarter. Public Employees Retirement System of Ohio now owns 6,257 shares of the transportation company’s stock valued at $164,000 after purchasing an additional 163 shares during the last quarter. Thrivent Financial For Lutherans grew its holdings in Werner Enterprises by 11.5% in the first quarter. Thrivent Financial For Lutherans now owns 8,530 shares of the transportation company’s stock valued at $223,000 after purchasing an additional 880 shares during the last quarter. Finally, Oxford Asset Management acquired a new stake in Werner Enterprises in the first quarter valued at $276,000. 64.10% of the stock is currently owned by institutional investors.
Shares of Werner Enterprises, Inc. (NASDAQ:WERN) opened at 35.55 on Monday. The firm has a market capitalization of $2.57 billion, a price-to-earnings ratio of 32.32 and a beta of 0.87. The firm has a 50-day moving average price of $32.06 and a 200-day moving average price of $28.74. Werner Enterprises, Inc. has a 52 week low of $21.45 and a 52 week high of $35.90.
Werner Enterprises (NASDAQ:WERN) last announced its earnings results on Monday, July 24th. The transportation company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.05. The company had revenue of $519.50 million for the quarter, compared to analyst estimates of $521.63 million. Werner Enterprises had a return on equity of 7.97% and a net margin of 3.90%. Werner Enterprises’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.25 earnings per share. On average, equities analysts expect that Werner Enterprises, Inc. will post $1.23 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 17th. Stockholders of record on Monday, October 2nd will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date of this dividend is Friday, September 29th. Werner Enterprises’s dividend payout ratio (DPR) is presently 25.45%.
In other news, VP Jim S. Schelble sold 7,500 shares of the business’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $30.17, for a total transaction of $226,275.00. Following the sale, the vice president now directly owns 55,306 shares of the company’s stock, valued at $1,668,582.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Derek J. Leathers sold 12,244 shares of the business’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $30.02, for a total value of $367,564.88. Following the sale, the chief executive officer now directly owns 228,780 shares in the company, valued at $6,867,975.60. The disclosure for this sale can be found here. Insiders have sold 50,000 shares of company stock worth $1,593,570 over the last ninety days. 34.70% of the stock is owned by insiders.
Several analysts have weighed in on the company. Zacks Investment Research raised Werner Enterprises from a “hold” rating to a “buy” rating and set a $35.00 target price on the stock in a report on Wednesday, August 23rd. Buckingham Research assumed coverage on Werner Enterprises in a report on Monday, August 21st. They issued a “buy” rating and a $36.00 target price on the stock. BidaskClub raised Werner Enterprises from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 16th. Stephens raised Werner Enterprises from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $30.00 to $36.00 in a report on Monday, August 14th. Finally, Deutsche Bank AG reissued a “hold” rating and issued a $32.00 target price (up previously from $25.00) on shares of Werner Enterprises in a report on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $30.83.
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.
Want to see what other hedge funds are holding WERN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Werner Enterprises, Inc. (NASDAQ:WERN).
Receive News & Ratings for Werner Enterprises Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Werner Enterprises Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.