Louisiana State Employees Retirement System boosted its position in Werner Enterprises, Inc. (NASDAQ:WERN) by 3.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,700 shares of the transportation company’s stock after buying an additional 400 shares during the period. Louisiana State Employees Retirement System’s holdings in Werner Enterprises were worth $343,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the company. Karp Capital Management Corp bought a new stake in shares of Werner Enterprises during the first quarter worth approximately $7,715,000. UBS Asset Management Americas Inc. increased its stake in shares of Werner Enterprises by 18.6% in the first quarter. UBS Asset Management Americas Inc. now owns 20,403 shares of the transportation company’s stock worth $535,000 after buying an additional 3,200 shares during the period. US Bancorp DE increased its stake in shares of Werner Enterprises by 15.9% in the first quarter. US Bancorp DE now owns 13,599 shares of the transportation company’s stock worth $356,000 after buying an additional 1,867 shares during the period. Princeton Alpha Management LP bought a new stake in shares of Werner Enterprises during the first quarter worth approximately $291,000. Finally, First Trust Advisors LP increased its stake in shares of Werner Enterprises by 4.3% in the first quarter. First Trust Advisors LP now owns 96,788 shares of the transportation company’s stock worth $2,536,000 after buying an additional 4,019 shares during the period. Hedge funds and other institutional investors own 64.34% of the company’s stock.

Werner Enterprises, Inc. (NASDAQ WERN) traded up 1.61% during mid-day trading on Wednesday, hitting $31.55. The stock had a trading volume of 151,725 shares. The company has a market cap of $2.28 billion, a P/E ratio of 28.68 and a beta of 0.88. The company has a 50-day moving average price of $29.77 and a 200 day moving average price of $27.85. Werner Enterprises, Inc. has a 1-year low of $21.45 and a 1-year high of $32.45.

Werner Enterprises (NASDAQ:WERN) last announced its quarterly earnings results on Monday, July 24th. The transportation company reported $0.32 earnings per share 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 analysts’ expectations of $521.63 million. Werner Enterprises had a net margin of 3.90% and a return on equity of 7.97%. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period last year, the firm posted $0.25 earnings per share. Equities research analysts forecast that Werner Enterprises, Inc. will post $1.23 EPS for the current fiscal year.

COPYRIGHT VIOLATION WARNING: “Werner Enterprises, Inc. (WERN) Shares Bought by Louisiana State Employees Retirement System” was first published by Watch List News and is owned by of Watch List News. If you are reading this story on another site, it was stolen and reposted in violation of U.S. & international copyright and trademark law. The legal version of this story can be viewed at https://www.watchlistnews.com/werner-enterprises-inc-wern-shares-bought-by-louisiana-state-employees-retirement-system/1496019.html.

A number of equities research analysts have recently commented on WERN shares. Zacks Investment Research downgraded Werner Enterprises from a “hold” rating to a “sell” rating in a research report on Thursday, June 22nd. Deutsche Bank AG reiterated a “hold” rating and set a $25.00 price objective (down previously from $31.00) on shares of Werner Enterprises in a research report on Sunday, April 23rd. BidaskClub upgraded Werner Enterprises from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 30th. Morgan Stanley reiterated an “overweight” rating and set a $32.00 price objective (up previously from $30.00) on shares of Werner Enterprises in a research report on Tuesday, July 25th. Finally, Cowen and Company increased their price objective on Werner Enterprises from $27.00 to $31.00 and gave the company a “market perform” rating in a research report on Tuesday, July 25th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Werner Enterprises currently has an average rating of “Hold” and an average target price of $30.36.

In other news, CEO Derek J. Leathers sold 12,756 shares of Werner Enterprises stock in a transaction on Friday, August 4th. The shares were sold at an average price of $30.00, for a total transaction of $382,680.00. Following the transaction, the chief executive officer now directly owns 241,536 shares of the company’s stock, valued at $7,246,080. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Jim S. Schelble sold 7,494 shares of Werner Enterprises stock in a transaction on Monday, June 19th. The stock was sold at an average price of $29.50, for a total transaction of $221,073.00. Following the transaction, the vice president now directly owns 55,300 shares in the company, valued at $1,631,350. The disclosure for this sale can be found here. Over the last three months, insiders have sold 39,994 shares of company stock worth $1,197,593. Insiders own 34.80% of the company’s stock.

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.

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).

Institutional Ownership by Quarter for Werner Enterprises (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.