First Trust Advisors LP Has $2.08 Million Holdings in Werner Enterprises, Inc. (WERN)
First Trust Advisors LP cut its position in Werner Enterprises, Inc. (NASDAQ:WERN) by 29.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 56,864 shares of the transportation company’s stock after selling 24,011 shares during the period. First Trust Advisors LP owned about 0.08% of Werner Enterprises worth $2,078,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of WERN. Teachers Advisors LLC raised its holdings in Werner Enterprises by 3.7% in the first quarter. Teachers Advisors LLC now owns 75,149 shares of the transportation company’s stock worth $1,969,000 after purchasing an additional 2,716 shares during the period. Legal & General Group Plc raised its holdings in shares of Werner Enterprises by 22.2% during the first quarter. Legal & General Group Plc now owns 30,693 shares of the transportation company’s stock worth $803,000 after acquiring an additional 5,569 shares during the period. Thrivent Financial For Lutherans raised its holdings in shares of Werner Enterprises by 11.5% during the first quarter. Thrivent Financial For Lutherans now owns 8,530 shares of the transportation company’s stock worth $223,000 after acquiring an additional 880 shares during the period. Vanguard Group Inc. raised its holdings in shares of Werner Enterprises by 7.1% during the first quarter. Vanguard Group Inc. now owns 3,644,333 shares of the transportation company’s stock worth $95,481,000 after acquiring an additional 242,284 shares during the period. Finally, Geode Capital Management LLC raised its holdings in shares of Werner Enterprises by 4.6% during the first quarter. Geode Capital Management LLC now owns 368,735 shares of the transportation company’s stock worth $9,660,000 after acquiring an additional 16,281 shares during the period. Institutional investors own 63.26% of the company’s stock.
In related news, CEO Derek J. Leathers sold 17,500 shares of the firm’s stock in a transaction on Wednesday, September 20th. The shares were sold at an average price of $35.26, for a total value of $617,050.00. Following the completion of the transaction, the chief executive officer now owns 211,280 shares of the company’s stock, valued at $7,449,732.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 34.70% of the stock is currently owned by company insiders.
A number of equities research analysts recently commented on the stock. Bank of America Corporation lowered shares of Werner Enterprises from a “neutral” rating to an “underperform” rating and dropped their price objective for the stock from $35.00 to $33.00 in a report on Tuesday, October 10th. Deutsche Bank AG restated a “hold” rating and set a $32.00 price objective (up from $25.00) on shares of Werner Enterprises in a report on Wednesday, August 9th. Wells Fargo & Company raised their price objective on shares of Werner Enterprises from $29.00 to $35.00 and gave the stock a “market perform” rating in a report on Friday, October 20th. Zacks Investment Research upgraded shares of Werner Enterprises from a “hold” rating to a “buy” rating and set a $39.00 price objective on the stock in a report on Wednesday, September 27th. Finally, BidaskClub upgraded shares of Werner Enterprises from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 16th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Werner Enterprises currently has a consensus rating of “Hold” and an average price target of $33.73.
Werner Enterprises, Inc. (NASDAQ:WERN) opened at $35.13 on Friday. The firm has a market cap of $2,540.84, a price-to-earnings ratio of 30.54, a P/E/G ratio of 1.97 and a beta of 0.96. Werner Enterprises, Inc. has a 12-month low of $24.20 and a 12-month high of $37.20. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.78 and a quick ratio of 1.73.
Werner Enterprises (NASDAQ:WERN) last released its earnings results on Thursday, October 19th. The transportation company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.01). The business had revenue of $528.64 million during the quarter, compared to the consensus estimate of $532.48 million. Werner Enterprises had a net margin of 4.04% and a return on equity of 8.18%. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period last year, the business posted $0.26 EPS. equities analysts forecast that Werner Enterprises, Inc. will post 1.23 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Tuesday, January 2nd will be given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date of this dividend is Friday, December 29th. Werner Enterprises’s dividend payout ratio (DPR) is currently 24.35%.
Werner Enterprises 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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