Macquarie Group Ltd. grew its stake in Werner Enterprises, Inc. (NASDAQ:WERN) by 3.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,956,186 shares of the transportation company’s stock after buying an additional 60,373 shares during the period. Macquarie Group Ltd. owned 2.71% of Werner Enterprises worth $57,414,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. LS Investment Advisors LLC raised its holdings in shares of Werner Enterprises by 17.2% during the second quarter. LS Investment Advisors LLC now owns 3,636 shares of the transportation company’s stock worth $107,000 after purchasing an additional 533 shares during the last quarter. Advantus Capital Management Inc raised its holdings in shares of Werner Enterprises by 3.2% during the first quarter. Advantus Capital Management Inc now owns 5,730 shares of the transportation company’s stock worth $150,000 after purchasing an additional 178 shares during the last quarter. Public Employees Retirement System of Ohio raised its holdings in shares of Werner Enterprises by 2.7% during the first quarter. Public Employees Retirement System of Ohio now owns 6,257 shares of the transportation company’s stock worth $164,000 after purchasing an additional 163 shares during the last quarter. Royal Bank of Canada raised its holdings in shares of Werner Enterprises by 190.5% during the second quarter. Royal Bank of Canada now owns 7,430 shares of the transportation company’s stock worth $218,000 after purchasing an additional 4,872 shares during the last quarter. Finally, Capstone Investment Advisors Netherlands B.V. purchased a new position in shares of Werner Enterprises during the second quarter worth $242,000. 64.10% of the stock is owned by institutional investors and hedge funds.

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In other Werner Enterprises news, CEO Derek J. Leathers sold 12,244 shares of the company’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $30.02, for a total transaction of $367,564.88. Following the completion of the transaction, the chief executive officer now owns 228,780 shares in the company, valued at approximately $6,867,975.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Derek J. Leathers sold 17,500 shares of the company’s stock in a transaction 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 owns 211,280 shares of the company’s stock, valued at approximately $7,449,732.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 50,000 shares of company stock valued at $1,593,570. 34.70% of the stock is owned by insiders.

Several research analysts recently issued reports on WERN shares. TheStreet raised shares of Werner Enterprises from a “c+” rating to a “b” rating in a report on Monday, June 19th. BidaskClub raised shares of Werner Enterprises from a “buy” rating to a “strong-buy” rating in a report on Friday, June 30th. Zacks Investment Research raised shares of Werner Enterprises from a “sell” rating to a “hold” rating in a report on Saturday, July 8th. UBS AG raised shares of Werner Enterprises from a “sell” rating to a “neutral” rating and raised their target price for the stock from $26.00 to $30.00 in a report on Monday, July 10th. Finally, Bank of America Corporation reissued an “underperform” rating and set a $30.00 target price (up previously from $25.00) on shares of Werner Enterprises in a report on Monday, July 10th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $32.33.

Werner Enterprises, Inc. (NASDAQ:WERN) traded down 0.3862% during mid-day trading on Friday, reaching $35.4625. 60,326 shares of the company traded hands. The stock’s 50 day moving average price is $33.98 and its 200 day moving average price is $29.45. Werner Enterprises, Inc. has a 52 week low of $21.45 and a 52 week high of $37.00. The firm has a market capitalization of $2.56 billion, a price-to-earnings ratio of 32.2386 and a beta of 0.90.

Werner Enterprises (NASDAQ:WERN) last announced its quarterly earnings data on Monday, July 24th. The transportation company reported $0.32 EPS for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.05. The company had revenue of $519.50 million during the quarter, compared to the consensus estimate of $521.63 million. Werner Enterprises had a net margin of 3.90% and a return on equity of 7.97%. Werner Enterprises’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.25 EPS. Equities analysts forecast that Werner Enterprises, Inc. will post $1.24 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 17th. Shareholders of record on Monday, October 2nd will be given a dividend of $0.07 per share. The ex-dividend date is Friday, September 29th. This represents a $0.28 dividend on an annualized basis and a yield of 0.79%. Werner Enterprises’s payout ratio is currently 25.45%.

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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