Werner Enterprises, Inc. (WERN) Shares Bought by Federated Investors Inc. PA
Federated Investors Inc. PA increased its position in shares of Werner Enterprises, Inc. (NASDAQ:WERN) by 9.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 579,948 shares of the transportation company’s stock after buying an additional 52,299 shares during the period. Federated Investors Inc. PA owned 0.80% of Werner Enterprises worth $17,022,000 as of its most recent filing with the SEC.
A number of other large investors also recently made changes to their positions in the stock. LS Investment Advisors LLC raised its stake in shares of Werner Enterprises by 17.2% in the second quarter. LS Investment Advisors LLC now owns 3,636 shares of the transportation company’s stock worth $107,000 after buying an additional 533 shares during the period. Advantus Capital Management Inc raised 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. Public Employees Retirement System of Ohio raised 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. Thrivent Financial For Lutherans raised its stake in shares of Werner Enterprises by 11.5% in the first quarter. Thrivent Financial For Lutherans now owns 8,530 shares of the transportation company’s stock worth $223,000 after buying an additional 880 shares during the period. Finally, Oxford Asset Management bought a new stake in shares of Werner Enterprises during the first quarter worth about $276,000. 64.34% of the stock is owned by institutional investors and hedge funds.
Werner Enterprises, Inc. (NASDAQ WERN) opened at 31.80 on Friday. Werner Enterprises, Inc. has a 52-week low of $21.45 and a 52-week high of $32.45. The stock’s 50 day moving average price is $30.12 and its 200-day moving average price is $28.03. The company has a market capitalization of $2.30 billion, a P/E ratio of 28.91 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 Zacks’ consensus estimate of $0.27 by $0.05. The business had revenue of $519.50 million during the quarter, compared to the consensus estimate of $521.63 million. Werner Enterprises had a return on equity of 7.97% and a net margin of 3.90%. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.25 earnings per share. Analysts predict that Werner Enterprises, Inc. will post $1.23 earnings per share 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. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date is Friday, September 29th. Werner Enterprises’s dividend payout ratio is currently 25.45%.
WERN has been the subject of a number of research analyst reports. TheStreet raised shares of Werner Enterprises from a “c+” rating to a “b” rating in a report on Monday, June 19th. Zacks Investment Research raised shares of Werner Enterprises from a “hold” rating to a “buy” rating and set a $35.00 price objective for the company in a report on Friday, July 28th. BidaskClub lowered shares of Werner Enterprises from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 19th. Buckingham Research initiated coverage on shares of Werner Enterprises in a report on Monday, August 21st. They set a “buy” rating and a $36.00 price objective for the company. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $29.00 price objective (up from $26.00) on shares of Werner Enterprises in a report on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $30.83.
In other news, VP Jim S. Schelble sold 7,494 shares of Werner Enterprises stock in a transaction on Monday, June 19th. The stock was sold at an average price of $29.50, for a total value of $221,073.00. Following the completion of the sale, the vice president now owns 55,300 shares of the company’s stock, valued at $1,631,350. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Derek J. Leathers sold 12,756 shares of Werner Enterprises stock in a transaction on Friday, August 4th. The shares were sold at an average price of $30.00, for a total value of $382,680.00. Following the completion of the sale, the chief executive officer now directly owns 241,536 shares of the company’s stock, valued at approximately $7,246,080. The disclosure for this sale can be found here. In the last ninety days, insiders sold 39,994 shares of company stock valued at $1,197,593. 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.
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