Werner Enterprises, Inc. (WERN) Stake Boosted by Public Employees Retirement System of Ohio
Public Employees Retirement System of Ohio raised its position in Werner Enterprises, Inc. (NASDAQ:WERN) by 2.7% during the first quarter, Holdings Channel reports. The fund owned 6,257 shares of the transportation company’s stock after buying an additional 163 shares during the period. Public Employees Retirement System of Ohio’s holdings in Werner Enterprises were worth $164,000 as of its most recent filing with the SEC.
Several other institutional investors have also modified their holdings of the company. BlackRock Inc. increased its position in Werner Enterprises by 17,543.9% in the first quarter. BlackRock Inc. now owns 4,617,064 shares of the transportation company’s stock valued at $120,967,000 after buying an additional 4,590,896 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Werner Enterprises by 7.0% in the first quarter. Dimensional Fund Advisors LP now owns 5,256,834 shares of the transportation company’s stock valued at $137,729,000 after buying an additional 342,947 shares during the last quarter. Karp Capital Management Corp purchased a new position in Werner Enterprises during the first quarter valued at about $7,715,000. Norges Bank purchased a new position in Werner Enterprises during the fourth quarter valued at about $6,683,000. Finally, Vanguard Group Inc. increased its position in Werner Enterprises by 7.1% in the first quarter. Vanguard Group Inc. now owns 3,644,333 shares of the transportation company’s stock valued at $95,481,000 after buying an additional 242,284 shares during the last quarter. 66.16% of the stock is currently owned by institutional investors and hedge funds.
Werner Enterprises, Inc. (WERN) traded up 1.67% during midday trading on Friday, hitting $30.50. 324,603 shares of the stock traded hands. The company’s 50 day moving average is $29.60 and its 200-day moving average is $27.75. The company has a market cap of $2.20 billion, a P/E ratio of 27.73 and a beta of 0.88. Werner Enterprises, Inc. has a one year low of $21.45 and a one year high of $32.45.
Werner Enterprises (NASDAQ:WERN) last released its quarterly earnings data on Monday, July 24th. The transportation company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.05. The firm had revenue of $519.50 million for the quarter, compared to the consensus estimate of $521.63 million. Werner Enterprises had a net margin of 3.90% and a return on equity of 7.97%. The firm’s revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.25 earnings per share. On average, equities research analysts forecast that Werner Enterprises, Inc. will post $1.23 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 18th. Investors of record on Wednesday, July 5th were issued a dividend of $0.07 per share. The ex-dividend date of this dividend was Friday, June 30th. This represents a $0.28 dividend on an annualized basis and a yield of 0.93%. This is an increase from Werner Enterprises’s previous quarterly dividend of $0.06. Werner Enterprises’s payout ratio is currently 25.45%.
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Several equities analysts recently issued reports on WERN shares. Zacks Investment Research raised Werner Enterprises from a “sell” rating to a “hold” rating in a research report on Tuesday, April 25th. TheStreet raised Werner Enterprises from a “c+” rating to a “b” rating in a research report on Monday, June 19th. Bank of America Corporation raised Werner Enterprises from an “underperform” rating to a “neutral” rating and upped their target price for the company from $30.00 to $32.00 in a research report on Tuesday, July 25th. Cowen and Company upped their target price on Werner Enterprises from $27.00 to $31.00 and gave the company a “market perform” rating in a research report on Tuesday, July 25th. Finally, BidaskClub raised Werner Enterprises from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 30th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $29.80.
In related news, VP Jim S. Schelble sold 7,500 shares of the business’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $30.17, for a total transaction of $226,275.00. Following the sale, the vice president now owns 55,306 shares of the company’s stock, valued at $1,668,582.02. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Derek J. Leathers sold 12,756 shares of the business’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $30.00, for a total transaction of $382,680.00. Following the sale, the chief executive officer now directly owns 241,536 shares in the company, valued at approximately $7,246,080. The disclosure for this sale can be found here. In the last three months, insiders have sold 39,994 shares of company stock worth $1,197,593. 34.80% of the stock is owned by insiders.
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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