Texas Permanent School Fund increased its position in Werner Enterprises, Inc. (NASDAQ:WERN) by 0.9% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 32,691 shares of the transportation company’s stock after buying an additional 285 shares during the period. Texas Permanent School Fund’s holdings in Werner Enterprises were worth $959,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Virginia Retirement Systems ET AL boosted its stake in shares of Werner Enterprises by 0.5% in the first quarter. Virginia Retirement Systems ET AL now owns 21,100 shares of the transportation company’s stock worth $553,000 after buying an additional 100 shares during the period. Meeder Asset Management Inc. boosted its stake in shares of Werner Enterprises by 0.6% in the second quarter. Meeder Asset Management Inc. now owns 28,559 shares of the transportation company’s stock worth $838,000 after buying an additional 160 shares during the period. Public Employees Retirement System of Ohio boosted its stake in shares of Werner Enterprises by 2.7% in the first quarter. Public Employees Retirement System of Ohio now owns 6,257 shares of the transportation company’s stock worth $164,000 after buying an additional 163 shares during the period. Advantus Capital Management Inc boosted its stake in shares of Werner Enterprises by 3.2% in the first quarter. Advantus Capital Management Inc now owns 5,730 shares of the transportation company’s stock worth $150,000 after buying an additional 178 shares during the period. Finally, State Treasurer State of Michigan boosted its stake in shares of Werner Enterprises by 1.1% in the first quarter. State Treasurer State of Michigan now owns 18,175 shares of the transportation company’s stock worth $476,000 after buying an additional 200 shares during the period. 64.34% of the stock is currently owned by institutional investors and hedge funds.

Werner Enterprises, Inc. (NASDAQ WERN) opened at 30.80 on Monday. Werner Enterprises, Inc. has a 52 week low of $21.45 and a 52 week high of $32.45. The firm has a 50-day moving average price of $29.88 and a 200-day moving average price of $27.91. The company has a market capitalization of $2.23 billion, a price-to-earnings ratio of 28.00 and a beta of 0.88.

Werner Enterprises (NASDAQ:WERN) last announced its quarterly earnings data on Monday, July 24th. The transportation company reported $0.32 EPS for the quarter, beating the Thomson Reuters’ 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 business 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 earnings per share. The business’s revenue was up 4.2% on a year-over-year basis. Analysts anticipate that Werner Enterprises, Inc. will post $1.23 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 17th. Stockholders of record on Monday, October 2nd will be given a $0.07 dividend. The ex-dividend date is Friday, September 29th. This represents a $0.28 annualized dividend and a dividend yield of 0.91%. Werner Enterprises’s payout ratio is 25.45%.

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A number of brokerages recently issued reports on WERN. Zacks Investment Research cut Werner Enterprises from a “hold” rating to a “sell” rating in a report on Thursday, June 22nd. Stephens raised Werner Enterprises from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $30.00 to $36.00 in a report on Monday, August 14th. BidaskClub raised Werner Enterprises from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 16th. Bank of America Corporation raised Werner Enterprises from an “underperform” rating to a “neutral” rating and increased their price objective for the stock from $30.00 to $32.00 in a report on Tuesday, July 25th. Finally, TheStreet raised Werner Enterprises from a “c+” rating to a “b” rating in a report on Monday, June 19th. One analyst has rated the stock with a sell rating, ten have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. Werner Enterprises has an average rating of “Hold” and an average price target of $30.36.

In other news, CEO Derek J. Leathers sold 12,244 shares of the business’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $30.02, for a total value of $367,564.88. Following the transaction, the chief executive officer now directly owns 228,780 shares in the company, valued at $6,867,975.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Jim S. Schelble sold 7,494 shares of the business’s stock in a transaction dated Monday, June 19th. The shares were sold at an average price of $29.50, for a total value of $221,073.00. Following the completion of the transaction, the vice president now owns 55,300 shares in the company, valued at $1,631,350. The disclosure for this sale can be found here. Insiders sold 39,994 shares of company stock worth $1,197,593 over the last 90 days. Company insiders own 34.80% of the company’s stock.

About Werner Enterprises

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.

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

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