New York State Common Retirement Fund lowered its position in Werner Enterprises, Inc. (NASDAQ:WERN) by 17.3% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 63,380 shares of the transportation company’s stock after selling 13,221 shares during the period. New York State Common Retirement Fund owned 0.09% of Werner Enterprises worth $1,860,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Renaissance Technologies LLC bought a new position in shares of Werner Enterprises in the 1st quarter worth approximately $1,037,000. BNP Paribas Arbitrage SA raised its position in shares of Werner Enterprises by 108.8% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 25,567 shares of the transportation company’s stock worth $750,000 after acquiring an additional 13,323 shares in the last quarter. Oppenheimer Asset Management Inc. raised its position in shares of Werner Enterprises by 21.5% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 53,482 shares of the transportation company’s stock worth $1,570,000 after acquiring an additional 9,462 shares in the last quarter. Engineers Gate Manager LP bought a new position in shares of Werner Enterprises in the 2nd quarter worth approximately $1,202,000. Finally, Geode Capital Management LLC raised its position in shares of Werner Enterprises by 4.6% in the 1st quarter. Geode Capital Management LLC now owns 368,735 shares of the transportation company’s stock worth $9,660,000 after acquiring an additional 16,281 shares in the last quarter. 64.52% of the stock is owned by hedge funds and other institutional investors.
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In other news, CEO Derek J. Leathers sold 17,500 shares of the firm’s stock in a transaction on Wednesday, September 20th. The stock was sold at an average price of $35.26, for a total value 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 document filed with the SEC, which is accessible through this link. Company insiders own 34.70% of the company’s stock.
Werner Enterprises, Inc. (NASDAQ:WERN) traded down $0.10 during trading on Friday, hitting $34.35. The company’s stock had a trading volume of 627,400 shares, compared to its average volume of 818,255. The company has a market cap of $2,492.01, a price-to-earnings ratio of 29.96, a price-to-earnings-growth ratio of 1.93 and a beta of 0.96. Werner Enterprises, Inc. has a twelve month low of $24.20 and a twelve month high of $37.20. 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 quarterly earnings results on Thursday, October 19th. The transportation company reported $0.31 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.01). The firm had revenue of $528.64 million during the quarter, compared to analysts’ expectations of $532.48 million. Werner Enterprises had a return on equity of 8.18% and a net margin of 4.04%. The business’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the business earned $0.26 earnings per share. research analysts expect that Werner Enterprises, Inc. will post 1.23 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, October 17th. Stockholders of record on Monday, October 2nd were paid a $0.07 dividend. The ex-dividend date of this dividend was Friday, September 29th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.82%. Werner Enterprises’s dividend payout ratio (DPR) is currently 24.35%.
Several research analysts have recently issued reports on WERN shares. Zacks Investment Research raised Werner Enterprises from a “hold” rating to a “buy” rating and set a $35.00 target price for the company in a research report on Friday, July 28th. BidaskClub lowered Werner Enterprises from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 19th. Buckingham Research began coverage on Werner Enterprises in a research report on Monday, August 21st. They set a “buy” rating and a $36.00 price objective for the company. Barclays PLC raised their price objective on Werner Enterprises from $25.00 to $32.00 and gave the company an “equal weight” rating in a research report on Monday, October 2nd. Finally, Deutsche Bank AG reaffirmed a “hold” rating and set a $32.00 price objective (up previously from $25.00) on shares of Werner Enterprises in a research report on Wednesday, August 9th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Werner Enterprises has a consensus rating of “Hold” and an average price target of $33.73.
Werner Enterprises 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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