Sei Investments Co. Increases Position in Werner Enterprises, Inc. $WERN

Sei Investments Co. grew its position in Werner Enterprises, Inc. (NASDAQ:WERN) by 64.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 223,506 shares of the transportation company’s stock after purchasing an additional 87,842 shares during the quarter. Sei Investments Co.’s holdings in Werner Enterprises were worth $6,573,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Royal Bank of Canada lifted its holdings in Werner Enterprises by 33.8% during the 1st quarter. Royal Bank of Canada now owns 21,660 shares of the transportation company’s stock worth $635,000 after buying an additional 5,473 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Werner Enterprises by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 36,697 shares of the transportation company’s stock worth $1,075,000 after acquiring an additional 1,598 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Werner Enterprises by 0.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 126,854 shares of the transportation company’s stock worth $3,717,000 after acquiring an additional 401 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Werner Enterprises by 24.5% during the second quarter. JPMorgan Chase & Co. now owns 76,767 shares of the transportation company’s stock worth $2,100,000 after purchasing an additional 15,109 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in Werner Enterprises by 159.6% during the second quarter. Arrowstreet Capital Limited Partnership now owns 226,085 shares of the transportation company’s stock worth $6,186,000 after purchasing an additional 138,995 shares during the last quarter. Institutional investors and hedge funds own 89.32% of the company’s stock.

Werner Enterprises Stock Performance

Shares of WERN opened at $37.13 on Tuesday. The company’s 50 day simple moving average is $42.51 and its 200-day simple moving average is $36.51. The firm has a market cap of $2.23 billion, a PE ratio of -48.86, a price-to-earnings-growth ratio of 0.66 and a beta of 1.26. Werner Enterprises, Inc. has a 12-month low of $23.06 and a 12-month high of $47.49. The company has a current ratio of 1.45, a quick ratio of 1.42 and a debt-to-equity ratio of 0.60.

Werner Enterprises (NASDAQ:WERN) last released its quarterly earnings results on Tuesday, July 28th. The transportation company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.02). Werner Enterprises had a negative net margin of 1.42% and a positive return on equity of 1.18%. The business had revenue of $813.36 million during the quarter, compared to analysts’ expectations of $931.12 million. During the same quarter last year, the company earned $0.11 EPS. The firm’s revenue for the quarter was up 24.0% compared to the same quarter last year. As a group, equities analysts predict that Werner Enterprises, Inc. will post 1.13 EPS for the current year.

Werner Enterprises Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 22nd. Shareholders of record on Monday, July 6th were paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Monday, July 6th. Werner Enterprises’s dividend payout ratio (DPR) is -73.68%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Morgan Stanley increased their price target on shares of Werner Enterprises from $47.00 to $55.00 and gave the company an “overweight” rating in a research note on Monday, July 6th. Robert W. Baird upgraded shares of Werner Enterprises from a “neutral” rating to an “outperform” rating and set a $43.00 target price for the company in a report on Thursday, July 30th. TD Cowen dropped their target price on shares of Werner Enterprises from $43.00 to $41.00 and set a “hold” rating on the stock in a research report on Wednesday, July 29th. Citigroup boosted their price target on shares of Werner Enterprises from $37.00 to $47.00 and gave the company a “neutral” rating in a research report on Thursday, July 9th. Finally, Wells Fargo & Company upped their price objective on shares of Werner Enterprises from $39.00 to $46.00 and gave the company an “equal weight” rating in a research note on Friday, June 5th. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $41.54.

Werner Enterprises Company Profile

Werner Enterprises, Inc, founded in 1956 by Clarence L. “Chris” Werner, is a leading transportation and logistics provider based in Omaha, Nebraska. The company began as a one‐truck operation and has since grown into one of North America’s largest carriers, offering an array of services to support diverse supply chains.

Werner’s core business activities include full truckload dry van services, dedicated contract carriage, intermodal transport and brokerage solutions. The company also provides value-added services such as warehousing, freight management and fleet maintenance through its network of terminals and service centers.