Legal & General Group Plc lifted its stake in Werner Enterprises, Inc. (NASDAQ:WERN) by 19.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 36,643 shares of the transportation company’s stock after purchasing an additional 5,950 shares during the quarter. Legal & General Group Plc owned 0.05% of Werner Enterprises worth $1,075,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Bank of New York Mellon Corp lifted its position in shares of Werner Enterprises by 13.3% in the second quarter. Bank of New York Mellon Corp now owns 3,642,586 shares of the transportation company’s stock worth $106,910,000 after purchasing an additional 426,376 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of Werner Enterprises by 79.3% in the second quarter. SG Americas Securities LLC now owns 17,309 shares of the transportation company’s stock worth $508,000 after purchasing an additional 7,655 shares in the last quarter. Rhumbline Advisers lifted its position in shares of Werner Enterprises by 1.0% in the second quarter. Rhumbline Advisers now owns 120,682 shares of the transportation company’s stock worth $3,542,000 after purchasing an additional 1,188 shares in the last quarter. Arizona State Retirement System lifted its position in shares of Werner Enterprises by 1.6% in the second quarter. Arizona State Retirement System now owns 18,900 shares of the transportation company’s stock worth $555,000 after purchasing an additional 300 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its position in shares of Werner Enterprises by 9.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 384,727 shares of the transportation company’s stock worth $11,292,000 after purchasing an additional 34,477 shares in the last quarter. 64.10% of the stock is owned by institutional investors and hedge funds.

A number of research firms have recently issued reports on WERN. Stifel Nicolaus reissued a “hold” rating and issued a $36.00 price target on shares of Werner Enterprises in a research report on Sunday. Zacks Investment Research lowered shares of Werner Enterprises from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 26th. BidaskClub raised shares of Werner Enterprises from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 16th. Buckingham Research began coverage on shares of Werner Enterprises in a research report on Monday, August 21st. They issued a “buy” rating and a $36.00 price target for the company. Finally, Stephens raised shares of Werner Enterprises from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $30.00 to $36.00 in a research report on Monday, August 14th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $31.75.

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In other news, VP Jim S. Schelble sold 7,500 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $30.17, for a total transaction of $226,275.00. Following the sale, the vice president now owns 55,306 shares in the company, valued at approximately $1,668,582.02. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Derek J. Leathers sold 12,756 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $30.00, for a total value of $382,680.00. Following the sale, the chief executive officer now owns 241,536 shares in the company, valued at approximately $7,246,080. The disclosure for this sale can be found here. In the last quarter, insiders have sold 50,000 shares of company stock worth $1,593,570. Company insiders own 34.70% of the company’s stock.

Werner Enterprises, Inc. (NASDAQ:WERN) opened at 36.55 on Friday. The company has a 50-day moving average price of $32.06 and a 200-day moving average price of $28.74. The firm has a market cap of $2.64 billion, a P/E ratio of 33.23 and a beta of 0.87. Werner Enterprises, Inc. has a 12-month low of $21.45 and a 12-month high of $36.60.

Werner Enterprises (NASDAQ:WERN) last released its earnings results 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. The firm had revenue of $519.50 million for the quarter, compared to analysts’ expectations of $521.63 million. Werner Enterprises had a return on equity of 9.12% and a net margin of 4.47%. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.25 EPS. On average, analysts predict that Werner Enterprises, Inc. will post $1.23 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 17th. Shareholders of record on Monday, October 2nd will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 0.77%. The ex-dividend date of this dividend is Friday, September 29th. Werner Enterprises’s payout ratio is 25.45%.

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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