RE Advisers Corp Holds Position in Werner Enterprises, Inc. (WERN)
RE Advisers Corp held its stake in shares of Werner Enterprises, Inc. (NASDAQ:WERN) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,879,306 shares of the transportation company’s stock at the end of the second quarter. RE Advisers Corp owned approximately 2.60% of Werner Enterprises worth $55,158,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of WERN. US Bancorp DE increased its stake in Werner Enterprises by 15.9% in the first quarter. US Bancorp DE now owns 13,599 shares of the transportation company’s stock valued at $356,000 after buying an additional 1,867 shares in the last quarter. Princeton Alpha Management LP acquired a new position in Werner Enterprises during the first quarter valued at $291,000. First Trust Advisors LP boosted its position in Werner Enterprises by 4.3% in the first quarter. First Trust Advisors LP now owns 96,788 shares of the transportation company’s stock valued at $2,536,000 after buying an additional 4,019 shares in the last quarter. State Treasurer State of Michigan boosted its position in Werner Enterprises by 1.1% in the first quarter. State Treasurer State of Michigan now owns 18,175 shares of the transportation company’s stock valued at $476,000 after buying an additional 200 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its position in Werner Enterprises by 13.3% in the first quarter. Wells Fargo & Company MN now owns 111,781 shares of the transportation company’s stock valued at $2,928,000 after buying an additional 13,137 shares in the last quarter. Institutional investors and hedge funds own 66.38% of the company’s stock.
Werner Enterprises, Inc. (NASDAQ WERN) traded down 1.35% during trading on Monday, hitting $29.15. The company had a trading volume of 101,584 shares. The stock has a market capitalization of $2.11 billion, a price-to-earnings ratio of 28.30 and a beta of 0.87. Werner Enterprises, Inc. has a 52-week low of $21.45 and a 52-week high of $30.80. The firm’s 50 day moving average is $29.08 and its 200-day moving average is $27.45.
Werner Enterprises (NASDAQ:WERN) last announced its quarterly earnings results on Thursday, April 20th. The transportation company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.02. Werner Enterprises had a net margin of 3.70% and a return on equity of 7.61%. The company had revenue of $501.22 million for the quarter, compared to the consensus estimate of $491.97 million. During the same quarter in the prior year, the firm earned $0.28 earnings per share. The company’s revenue for the quarter was up 3.8% compared to the same quarter last year. On average, equities analysts forecast that Werner Enterprises, Inc. will post $1.15 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, July 18th. Shareholders of record on Wednesday, July 5th were paid a dividend of $0.07 per share. The ex-dividend date was Friday, June 30th. This represents a $0.28 dividend on an annualized basis and a yield of 0.95%. This is an increase from Werner Enterprises’s previous quarterly dividend of $0.06. Werner Enterprises’s dividend payout ratio (DPR) is currently 27.18%.
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WERN has been the topic of a number of recent research reports. TheStreet raised Werner Enterprises from a “c+” rating to a “b” rating in a research report on Monday, June 19th. BidaskClub lowered Werner Enterprises from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 19th. Barclays PLC reduced their price objective on Werner Enterprises from $30.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Monday, March 27th. Zacks Investment Research upgraded Werner Enterprises from a “sell” rating to a “hold” rating in a report on Saturday, July 8th. Finally, Deutsche Bank AG reiterated a “hold” rating and issued a $25.00 price objective (down previously from $31.00) on shares of Werner Enterprises in a report on Sunday, April 23rd. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $26.44.
In other Werner Enterprises news, VP Jim S. Schelble sold 7,494 shares of the stock in a transaction on Monday, June 19th. The shares were sold at an average price of $29.50, for a total transaction of $221,073.00. Following the transaction, the vice president now directly owns 55,300 shares in the company, valued at approximately $1,631,350. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 34.80% of the company’s stock.
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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