US Bancorp DE raised its stake in Werner Enterprises, Inc. (NASDAQ:WERN) by 4.9% during the second quarter, Holdings Channel reports. The firm owned 14,262 shares of the transportation company’s stock after buying an additional 663 shares during the period. US Bancorp DE’s holdings in Werner Enterprises were worth $418,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. 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 period. 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 period. 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 period. Alliancebernstein L.P. increased its position in Werner Enterprises by 3.1% in the first quarter. Alliancebernstein L.P. now owns 2,180,691 shares of the transportation company’s stock valued at $57,134,000 after buying an additional 66,406 shares during the period. Finally, Victory Capital Management Inc. increased its position in Werner Enterprises by 2.4% in the first quarter. Victory Capital Management Inc. now owns 1,976,570 shares of the transportation company’s stock valued at $51,786,000 after buying an additional 45,801 shares during the period. Institutional investors and hedge funds own 64.34% of the company’s stock.

Werner Enterprises, Inc. (NASDAQ:WERN) traded up 0.16% during midday trading on Friday, hitting $30.75. 281,351 shares of the stock traded hands. Werner Enterprises, Inc. has a one year low of $21.45 and a one year high of $32.45. The company has a market cap of $2.22 billion, a PE ratio of 27.95 and a beta of 0.88. The company’s 50-day moving average is $29.85 and its 200-day moving average is $27.89.

Werner Enterprises (NASDAQ:WERN) last released its quarterly earnings results on Monday, July 24th. The transportation company reported $0.32 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.05. The business had revenue of $519.50 million during the quarter, compared to analyst estimates of $521.63 million. Werner Enterprises had a net margin of 3.90% and a return on equity of 7.97%. The business’s revenue was up 4.2% on a year-over-year basis. During the same period last year, the business earned $0.25 EPS. Equities research analysts expect that Werner Enterprises, Inc. will post $1.23 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 17th. Investors of record on Monday, October 2nd will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.91%. Werner Enterprises’s payout ratio is 25.45%.

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WERN has been the subject of several research reports. Zacks Investment Research upgraded shares of Werner Enterprises from a “sell” rating to a “hold” rating in a research note on Tuesday, April 25th. Bank of America Corporation upgraded shares of Werner Enterprises from an “underperform” rating to a “neutral” rating and boosted their price target for the stock from $30.00 to $32.00 in a research note on Tuesday, July 25th. TheStreet upgraded shares of Werner Enterprises from a “c+” rating to a “b” rating in a research note on Monday, June 19th. Cowen and Company boosted their price target on shares of Werner Enterprises from $27.00 to $31.00 and gave the stock a “market perform” rating in a research note on Tuesday, July 25th. Finally, Stephens upgraded shares of Werner Enterprises from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $30.00 to $36.00 in a research note on Monday. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $30.36.

In related news, VP Jim S. Schelble sold 7,500 shares of the firm’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $30.17, for a total transaction of $226,275.00. Following the completion of the sale, the vice president now directly owns 55,306 shares of the company’s stock, valued at approximately $1,668,582.02. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Jim S. Schelble sold 7,494 shares of the firm’s stock in a transaction on Monday, June 19th. The shares were sold at an average price of $29.50, for a total transaction of $221,073.00. Following the sale, the vice president now directly owns 55,300 shares of the company’s stock, valued at $1,631,350. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 39,994 shares of company stock valued at $1,197,593. Company insiders own 34.80% of the company’s stock.

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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Institutional Ownership by Quarter for Werner Enterprises (NASDAQ:WERN)

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