Werner Enterprises Inc. (WERN) Shares Sold by Ameriprise Financial Inc.
Ameriprise Financial Inc. reduced its position in shares of Werner Enterprises Inc. (NASDAQ:WERN) by 0.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 323,348 shares of the company’s stock after selling 1,169 shares during the period. Ameriprise Financial Inc. owned 0.45% of Werner Enterprises worth $7,428,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Bank of New York Mellon Corp boosted its position in shares of Werner Enterprises by 102.1% in the second quarter. Bank of New York Mellon Corp now owns 2,165,829 shares of the company’s stock worth $49,749,000 after buying an additional 1,094,336 shares in the last quarter. State Street Corp boosted its position in shares of Werner Enterprises by 1.8% in the first quarter. State Street Corp now owns 1,627,683 shares of the company’s stock worth $44,204,000 after buying an additional 29,248 shares in the last quarter. American Century Companies Inc. purchased a new position in shares of Werner Enterprises during the second quarter worth $20,376,000. Goldman Sachs Group Inc. boosted its position in shares of Werner Enterprises by 55.3% in the first quarter. Goldman Sachs Group Inc. now owns 635,917 shares of the company’s stock worth $17,272,000 after buying an additional 226,423 shares in the last quarter. Finally, Speece Thorson Capital Group Inc. boosted its position in shares of Werner Enterprises by 27.6% in the second quarter. Speece Thorson Capital Group Inc. now owns 605,741 shares of the company’s stock worth $13,914,000 after buying an additional 131,124 shares in the last quarter. Institutional investors and hedge funds own 64.80% of the company’s stock.
Shares of Werner Enterprises Inc. (NASDAQ:WERN) remained flat at $23.85 during midday trading on Friday. 808,109 shares of the stock traded hands. The company’s 50 day moving average price is $23.44 and its 200 day moving average price is $24.46. The firm has a market cap of $1.72 billion, a price-to-earnings ratio of 16.10 and a beta of 0.81. Werner Enterprises Inc. has a 1-year low of $20.91 and a 1-year high of $28.80.
Werner Enterprises (NASDAQ:WERN) last posted its quarterly earnings results on Thursday, July 21st. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.02. The firm had revenue of $498.68 million for the quarter, compared to analyst estimates of $499.50 million. Werner Enterprises had a return on equity of 11.42% and a net margin of 5.24%. During the same period in the previous year, the firm earned $0.44 earnings per share. Analysts predict that Werner Enterprises Inc. will post $1.12 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 18th. Investors of record on Monday, October 3rd will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend is Thursday, September 29th. Werner Enterprises’s payout ratio is 16.22%.
A number of analysts recently commented on WERN shares. Barclays PLC lifted their price objective on Werner Enterprises from $24.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Monday, September 12th. TheStreet cut Werner Enterprises from a “buy” rating to a “hold” rating in a research report on Wednesday, June 29th. Zacks Investment Research upgraded Werner Enterprises from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 24th. Susquehanna reiterated a “neutral” rating on shares of Werner Enterprises in a research report on Wednesday, June 22nd. Finally, Cowen and Company dropped their price objective on Werner Enterprises from $28.00 to $23.00 and set a “market perform” rating for the company in a research report on Tuesday, June 21st. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. Werner Enterprises currently has an average rating of “Hold” and an average price target of $27.06.
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. The Company operates through two segments: Truckload Transportation Services (Truckload) and Value Added Services (VAS).
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