Werner Enterprises, Inc. (NASDAQ:WERN) Shares Bought by California Public Employees Retirement System

California Public Employees Retirement System increased its position in Werner Enterprises, Inc. (NASDAQ:WERN) by 4.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 166,046 shares of the transportation company’s stock after purchasing an additional 7,346 shares during the quarter. California Public Employees Retirement System owned approximately 0.23% of Werner Enterprises worth $6,069,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. raised its stake in Werner Enterprises by 1.9% during the second quarter. Ameritas Investment Partners Inc. now owns 17,816 shares of the transportation company’s stock valued at $523,000 after buying an additional 328 shares during the last quarter. Green Square Capital LLC raised its stake in Werner Enterprises by 2.9% during the second quarter. Green Square Capital LLC now owns 14,064 shares of the transportation company’s stock valued at $414,000 after buying an additional 393 shares during the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of Werner Enterprises by 7.2% in the second quarter. Public Employees Retirement System of Ohio now owns 6,708 shares of the transportation company’s stock worth $197,000 after purchasing an additional 451 shares during the last quarter. Thrivent Financial For Lutherans raised its stake in shares of Werner Enterprises by 6.6% in the second quarter. Thrivent Financial For Lutherans now owns 9,090 shares of the transportation company’s stock worth $267,000 after purchasing an additional 560 shares during the last quarter. Finally, Prudential Financial Inc. raised its stake in shares of Werner Enterprises by 2.0% in the second quarter. Prudential Financial Inc. now owns 30,595 shares of the transportation company’s stock worth $898,000 after purchasing an additional 590 shares during the last quarter. Institutional investors own 64.71% of the company’s stock.

Several research firms have recently weighed in on WERN. Stephens restated a “buy” rating and issued a $48.00 price target on shares of Werner Enterprises in a research note on Wednesday. Zacks Investment Research raised Werner Enterprises from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a report on Saturday, January 6th. UBS Group raised Werner Enterprises from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $37.00 to $47.00 in a report on Friday, January 5th. BidaskClub lowered Werner Enterprises from a “strong-buy” rating to a “buy” rating in a report on Friday, January 5th. Finally, Credit Suisse Group cut their price target on Werner Enterprises from $35.00 to $34.00 and set a “neutral” rating for the company in a report on Friday, October 20th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $36.00.

Shares of Werner Enterprises, Inc. (WERN) opened at $39.90 on Friday. The stock has a market capitalization of $2,900.71, a P/E ratio of 34.87, a price-to-earnings-growth ratio of 1.70 and a beta of 0.97. Werner Enterprises, Inc. has a 52-week low of $24.20 and a 52-week high of $40.58. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.73 and a current ratio of 1.78.

Werner Enterprises (NASDAQ:WERN) last released its earnings results on Thursday, October 19th. The transportation company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $532.48 million. During the same period in the prior year, the company posted $0.26 EPS. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. equities research analysts predict 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, January 16th. Investors of record on Tuesday, January 2nd will be paid a $0.07 dividend. The ex-dividend date is Friday, December 29th. This represents a $0.28 annualized dividend and a yield of 0.70%. Werner Enterprises’s dividend payout ratio (DPR) is currently 24.35%.

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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.

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

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