California State Teachers Retirement System reduced its stake in Werner Enterprises, Inc. (NASDAQ:WERN) by 9.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 76,438 shares of the transportation company’s stock after selling 8,093 shares during the period. California State Teachers Retirement System’s holdings in Werner Enterprises were worth $2,794,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its stake in shares of Werner Enterprises by 3.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,451,128 shares of the transportation company’s stock worth $159,992,000 after acquiring an additional 194,294 shares during the period. BlackRock Inc. lifted its stake in shares of Werner Enterprises by 2.6% in the 2nd quarter. BlackRock Inc. now owns 4,736,977 shares of the transportation company’s stock worth $139,031,000 after acquiring an additional 119,913 shares during the period. Vanguard Group Inc. lifted its stake in shares of Werner Enterprises by 0.5% in the 2nd quarter. Vanguard Group Inc. now owns 3,663,764 shares of the transportation company’s stock worth $107,531,000 after acquiring an additional 19,431 shares during the period. Fairpointe Capital LLC lifted its stake in shares of Werner Enterprises by 1.3% in the 2nd quarter. Fairpointe Capital LLC now owns 3,220,554 shares of the transportation company’s stock worth $94,523,000 after acquiring an additional 42,343 shares during the period. Finally, Macquarie Group Ltd. lifted its stake in shares of Werner Enterprises by 3.2% in the 2nd quarter. Macquarie Group Ltd. now owns 1,956,186 shares of the transportation company’s stock worth $57,414,000 after acquiring an additional 60,373 shares during the period. 64.71% of the stock is owned by institutional investors.

Shares of Werner Enterprises, Inc. (WERN) opened at $40.10 on Friday. Werner Enterprises, Inc. has a one year low of $24.20 and a one year high of $40.58. The company has a market cap of $2,900.00, a P/E ratio of 34.87, a P/E/G ratio of 1.66 and a beta of 0.97. The company has a current ratio of 1.78, a quick ratio of 1.73 and a debt-to-equity ratio of 0.07.

Werner Enterprises (NASDAQ:WERN) last released its earnings results on Thursday, October 19th. The transportation company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.01). Werner Enterprises had a net margin of 4.04% and a return on equity of 8.18%. The business had revenue of $528.64 million for the quarter, compared to analyst estimates of $532.48 million. During the same period in the prior year, the company earned $0.26 earnings per share. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. equities analysts predict that Werner Enterprises, Inc. will post 1.23 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Tuesday, January 2nd will be given a $0.07 dividend. The ex-dividend date is Friday, December 29th. This represents a $0.28 annualized dividend and a dividend yield of 0.70%. Werner Enterprises’s dividend payout ratio (DPR) is presently 24.35%.

WERN has been the subject of a number of research analyst reports. Robert W. Baird reaffirmed a “hold” rating and issued a $38.00 price target on shares of Werner Enterprises in a research note on Friday, October 6th. Morgan Stanley upped their price target on shares of Werner Enterprises from $32.00 to $35.00 and gave the stock an “overweight” rating in a research note on Friday, October 20th. Cowen lowered shares of Werner Enterprises from a “market perform” rating to an “underperform” rating in a research note on Monday, October 16th. Zacks Investment Research raised shares of Werner Enterprises from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a research note on Tuesday, December 26th. Finally, Credit Suisse Group cut their target price on shares of Werner Enterprises from $35.00 to $34.00 and set a “neutral” rating for the company in a research note on Friday, October 20th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company. Werner Enterprises currently has a consensus rating of “Hold” and an average target price of $36.00.

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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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Institutional Ownership by Quarter for Werner Enterprises (NASDAQ:WERN)

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