Werner Enterprises, Inc. (NASDAQ:WERN) CEO Derek J. Leathers sold 17,500 shares of the company’s stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of $35.26, for a total transaction of $617,050.00. Following the sale, the chief executive officer now owns 211,280 shares in the company, valued at $7,449,732.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of Werner Enterprises, Inc. (WERN) opened at 35.55 on Monday. Werner Enterprises, Inc. has a 12-month low of $21.45 and a 12-month high of $35.90. The stock has a 50 day moving average price of $32.06 and a 200 day moving average price of $28.74. The firm has a market capitalization of $2.57 billion, a P/E ratio of 32.32 and a beta of 0.87.

Werner Enterprises (NASDAQ:WERN) last posted its quarterly earnings data on Monday, July 24th. The transportation company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.05. Werner Enterprises had a return on equity of 7.97% and a net margin of 3.90%. The company had revenue of $519.50 million for the quarter, compared to the consensus estimate of $521.63 million. During the same period in the previous year, the business earned $0.25 EPS. Werner Enterprises’s revenue for the quarter was up 4.2% compared to the same quarter last year. Equities analysts anticipate 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 will be paid on Tuesday, October 17th. Stockholders of record on Monday, October 2nd will be issued a $0.07 dividend. The ex-dividend date of this dividend is Friday, September 29th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.79%. Werner Enterprises’s dividend payout ratio (DPR) is 25.45%.

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Hedge funds and other institutional investors have recently modified their holdings of the company. LS Investment Advisors LLC increased its holdings in shares of Werner Enterprises by 17.2% in the 2nd quarter. LS Investment Advisors LLC now owns 3,636 shares of the transportation company’s stock valued at $107,000 after acquiring an additional 533 shares during the last quarter. Advantus Capital Management Inc increased its holdings in shares of Werner Enterprises by 3.2% in the 1st quarter. Advantus Capital Management Inc now owns 5,730 shares of the transportation company’s stock valued at $150,000 after acquiring an additional 178 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings in shares of Werner Enterprises by 2.7% in the 1st quarter. Public Employees Retirement System of Ohio now owns 6,257 shares of the transportation company’s stock valued at $164,000 after acquiring an additional 163 shares during the last quarter. Royal Bank of Canada increased its holdings in shares of Werner Enterprises by 190.5% in the 2nd quarter. Royal Bank of Canada now owns 7,430 shares of the transportation company’s stock valued at $218,000 after acquiring an additional 4,872 shares during the last quarter. Finally, Thrivent Financial For Lutherans increased its holdings in shares of Werner Enterprises by 11.5% in the 1st quarter. Thrivent Financial For Lutherans now owns 8,530 shares of the transportation company’s stock valued at $223,000 after acquiring an additional 880 shares during the last quarter. Institutional investors and hedge funds own 64.10% of the company’s stock.

A number of analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Werner Enterprises from a “hold” rating to a “buy” rating and set a $35.00 target price on the stock in a research note on Wednesday, August 23rd. Buckingham Research assumed coverage on shares of Werner Enterprises in a research note on Monday, August 21st. They set a “buy” rating and a $36.00 target price on the stock. BidaskClub upgraded shares of Werner Enterprises from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 16th. Stephens upgraded shares of Werner Enterprises from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $30.00 to $36.00 in a research note on Monday, August 14th. Finally, Deutsche Bank AG restated a “hold” rating and set a $32.00 target price (up from $25.00) on shares of Werner Enterprises in a research note on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $30.83.

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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