Victory Capital Management Inc. Sells 142,752 Shares of Werner Enterprises, Inc. (WERN)
Victory Capital Management Inc. decreased its stake in shares of Werner Enterprises, Inc. (NASDAQ:WERN) by 7.2% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 1,826,896 shares of the transportation company’s stock after selling 142,752 shares during the period. Victory Capital Management Inc. owned 2.53% of Werner Enterprises worth $66,773,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Renaissance Technologies LLC purchased a new stake in Werner Enterprises during the 1st quarter worth about $1,037,000. BNP Paribas Arbitrage SA lifted its holdings in Werner Enterprises by 108.8% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 25,567 shares of the transportation company’s stock worth $750,000 after purchasing an additional 13,323 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in Werner Enterprises by 21.5% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 53,482 shares of the transportation company’s stock worth $1,570,000 after purchasing an additional 9,462 shares in the last quarter. Engineers Gate Manager LP purchased a new stake in Werner Enterprises during the 2nd quarter worth about $1,202,000. Finally, Geode Capital Management LLC lifted its holdings in Werner Enterprises by 4.6% during the 1st quarter. Geode Capital Management LLC now owns 368,735 shares of the transportation company’s stock worth $9,660,000 after purchasing an additional 16,281 shares in the last quarter. 64.64% of the stock is currently owned by institutional investors and hedge funds.
Werner Enterprises, Inc. (NASDAQ:WERN) opened at $35.05 on Friday. The stock has a market cap of $2,607.75, a P/E ratio of 31.35, a PEG ratio of 2.02 and a beta of 0.96. 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 announced its quarterly earnings data on Thursday, October 19th. The transportation company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.01). The firm had revenue of $528.64 million for 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%. Werner Enterprises’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.26 earnings per share. equities analysts expect that Werner Enterprises, Inc. will post 1.23 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 17th. Stockholders of record on Monday, October 2nd were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Friday, September 29th. This represents a $0.28 annualized dividend and a dividend yield of 0.80%. Werner Enterprises’s dividend payout ratio (DPR) is presently 24.35%.
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 transaction, the chief executive officer now directly owns 211,280 shares in the company, valued at approximately $7,449,732.80. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 34.70% of the stock is currently owned by corporate insiders.
Several analysts have weighed in on the company. Stifel Nicolaus reaffirmed a “hold” rating and issued a $36.00 price target on shares of Werner Enterprises in a report on Sunday, October 1st. Barclays PLC raised their price target on Werner Enterprises from $25.00 to $32.00 and gave the company an “equal weight” rating in a report on Monday, October 2nd. Robert W. Baird reaffirmed a “hold” rating and issued a $38.00 price target on shares of Werner Enterprises in a report on Friday, October 6th. J P Morgan Chase & Co raised their price target on Werner Enterprises from $26.00 to $35.00 and gave the company a “neutral” rating in a report on Thursday, October 12th. Finally, Wells Fargo & Company raised their price target on Werner Enterprises from $29.00 to $35.00 and gave the company a “market perform” rating in a report on Friday, October 20th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $33.73.
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. It operates through two segments: Truckload and Werner Logistics. It provides logistics services through its Werner Logistics division.
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