Rowland & Co. Investment Counsel ADV increased its stake in shares of Werner Enterprises, Inc. (NASDAQ:WERN) by 5.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 119,384 shares of the transportation company’s stock after purchasing an additional 6,600 shares during the quarter. Werner Enterprises comprises about 1.5% of Rowland & Co. Investment Counsel ADV’s portfolio, making the stock its 24th biggest position. Rowland & Co. Investment Counsel ADV owned 0.17% of Werner Enterprises worth $3,504,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Renaissance Technologies LLC bought a new position in Werner Enterprises in the first quarter valued at approximately $1,037,000. BNP Paribas Arbitrage SA boosted its stake in Werner Enterprises by 108.8% in the second quarter. BNP Paribas Arbitrage SA now owns 25,567 shares of the transportation company’s stock valued at $750,000 after acquiring an additional 13,323 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its stake in Werner Enterprises by 21.5% in the second quarter. Oppenheimer Asset Management Inc. now owns 53,482 shares of the transportation company’s stock valued at $1,570,000 after acquiring an additional 9,462 shares during the last quarter. Geode Capital Management LLC boosted its stake in Werner Enterprises by 4.6% in the first quarter. Geode Capital Management LLC now owns 368,735 shares of the transportation company’s stock valued at $9,660,000 after acquiring an additional 16,281 shares during the last quarter. Finally, Engineers Gate Manager LP bought a new position in Werner Enterprises in the second quarter valued at approximately $1,202,000. 64.10% of the stock is currently owned by institutional investors and hedge funds.

Werner Enterprises, Inc. (NASDAQ WERN) traded down 0.70% during midday trading on Monday, reaching $35.45. 595,965 shares of the company’s stock traded hands. Werner Enterprises, Inc. has a 1-year low of $21.45 and a 1-year high of $37.00. The stock’s 50 day moving average price is $34.12 and its 200 day moving average price is $29.51. The firm has a market cap of $2.56 billion, a price-to-earnings ratio of 32.23 and a beta of 0.90.

Werner Enterprises (NASDAQ:WERN) last posted 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. Werner Enterprises had a net margin of 3.90% and a return on equity of 7.97%. The company had revenue of $519.50 million for the quarter, compared to analyst estimates of $521.63 million. During the same period in the prior year, the firm posted $0.25 EPS. The company’s quarterly revenue was up 4.2% on a year-over-year basis. Equities research analysts anticipate that Werner Enterprises, Inc. will post $1.24 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 17th. Stockholders of record on Monday, October 2nd will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date is Friday, September 29th. Werner Enterprises’s dividend payout ratio is currently 25.45%.

In other news, CEO Derek J. Leathers sold 17,500 shares of the company’s stock in a transaction on Wednesday, September 20th. The shares were sold at an average price of $35.26, for a total value of $617,050.00. Following the sale, the chief executive officer now directly owns 211,280 shares of the company’s stock, valued at approximately $7,449,732.80. The transaction was disclosed in a legal filing 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 on Friday, August 4th. The shares were sold at an average price of $30.00, for a total transaction of $382,680.00. Following the completion of the sale, the chief executive officer now directly owns 241,536 shares in the company, valued at $7,246,080. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 50,000 shares of company stock worth $1,593,570. Insiders own 34.70% of the company’s stock.

A number of equities analysts have issued reports on WERN shares. TheStreet raised shares of Werner Enterprises from a “c+” rating to a “b” rating in a research note on Monday, June 19th. BidaskClub raised shares of Werner Enterprises from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 30th. Zacks Investment Research raised shares of Werner Enterprises from a “sell” rating to a “hold” rating in a research note on Saturday, July 8th. UBS AG raised shares of Werner Enterprises from a “sell” rating to a “neutral” rating and raised their price objective for the company from $26.00 to $30.00 in a research note on Monday, July 10th. Finally, Bank of America Corporation reaffirmed an “underperform” rating and issued a $30.00 price objective (up from $25.00) on shares of Werner Enterprises in a research note on Monday, July 10th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Werner Enterprises presently has a consensus rating of “Hold” and a consensus price target of $32.77.

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Werner Enterprises 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.

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

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