Personal Capital Advisors Corp Has $1.19 Million Position in Werner Enterprises, Inc. (WERN)
Personal Capital Advisors Corp increased its holdings in Werner Enterprises, Inc. (NASDAQ:WERN) by 60.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 32,671 shares of the transportation company’s stock after purchasing an additional 12,343 shares during the quarter. Personal Capital Advisors Corp’s holdings in Werner Enterprises were worth $1,194,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. LS Investment Advisors LLC raised its holdings in Werner Enterprises by 17.2% in the 2nd quarter. LS Investment Advisors LLC now owns 3,636 shares of the transportation company’s stock worth $107,000 after purchasing an additional 533 shares during the period. Public Employees Retirement System of Ohio raised its holdings in 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 worth $164,000 after purchasing an additional 163 shares during the period. Royal Bank of Canada raised its holdings in Werner Enterprises by 190.5% in the 2nd quarter. Royal Bank of Canada now owns 7,430 shares of the transportation company’s stock worth $218,000 after purchasing an additional 4,872 shares during the period. Capstone Investment Advisors Netherlands B.V. acquired a new position in Werner Enterprises in the 2nd quarter worth about $242,000. Finally, Thrivent Financial For Lutherans raised its holdings in Werner Enterprises by 11.5% in the 1st quarter. Thrivent Financial For Lutherans now owns 8,530 shares of the transportation company’s stock worth $223,000 after purchasing an additional 880 shares during the period. 64.93% of the stock is owned by institutional investors.
In other news, CEO Derek J. Leathers sold 12,244 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $30.02, for a total transaction of $367,564.88. Following the sale, the chief executive officer now owns 228,780 shares of the company’s stock, valued at approximately $6,867,975.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Jim S. Schelble sold 7,500 shares of the business’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $30.17, for a total value of $226,275.00. Following the sale, the vice president now directly owns 55,306 shares in the company, valued at approximately $1,668,582.02. The disclosure for this sale can be found here. Insiders have sold a total of 50,000 shares of company stock worth $1,593,570 in the last three months. Corporate insiders own 34.70% of the company’s stock.
A number of equities analysts recently weighed in on the company. Zacks Investment Research cut Werner Enterprises from a “buy” rating to a “hold” rating in a report on Wednesday. Wells Fargo & Company upped their price target on Werner Enterprises from $29.00 to $35.00 and gave the stock a “market perform” rating in a report on Friday, October 20th. Barclays PLC upped their price target on Werner Enterprises from $25.00 to $32.00 and gave the stock an “equal weight” rating in a report on Monday, October 2nd. BidaskClub raised Werner Enterprises from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 16th. Finally, Buckingham Research assumed coverage on Werner Enterprises in a report on Monday, August 21st. They issued a “buy” rating and a $36.00 price target for the company. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. Werner Enterprises has an average rating of “Hold” and a consensus target price of $33.73.
Werner Enterprises, Inc. (WERN) opened at 36.75 on Friday. Werner Enterprises, Inc. has a one year low of $23.70 and a one year high of $37.20. The firm’s 50 day moving average price is $35.17 and its 200-day moving average price is $30.40. The firm has a market cap of $2.66 billion, a PE ratio of 33.41 and a beta of 0.90.
Werner Enterprises (NASDAQ:WERN) last announced its quarterly earnings results on Thursday, October 19th. The transportation company reported $0.31 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.01). The firm had revenue of $528.64 million for the quarter, compared to analysts’ expectations of $532.48 million. Werner Enterprises had a return on equity of 8.18% and a net margin of 4.04%. Werner Enterprises’s revenue was up 3.9% compared to the same quarter last year. During the same period last year, the firm earned $0.26 EPS. Equities analysts predict that Werner Enterprises, Inc. will post $1.23 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, October 17th. Stockholders of record on Monday, October 2nd were paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.76%. The ex-dividend date was Friday, September 29th. Werner Enterprises’s dividend payout ratio (DPR) is 24.35%.
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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