California State Teachers Retirement System Has $2.48 Million Holdings in Werner Enterprises, Inc. (WERN)
California State Teachers Retirement System reduced its stake in shares of Werner Enterprises, Inc. (NASDAQ:WERN) by 4.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 84,531 shares of the transportation company’s stock after selling 3,478 shares during the quarter. California State Teachers Retirement System owned about 0.12% of Werner Enterprises worth $2,481,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Rowland & Co. Investment Counsel ADV increased its stake in Werner Enterprises by 5.9% during the second quarter. Rowland & Co. Investment Counsel ADV now owns 119,384 shares of the transportation company’s stock worth $3,504,000 after acquiring an additional 6,600 shares during the last quarter. Fairpointe Capital LLC increased its stake in Werner Enterprises by 1.3% during the second quarter. Fairpointe Capital LLC now owns 3,220,554 shares of the transportation company’s stock worth $94,523,000 after acquiring an additional 42,343 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in Werner Enterprises by 3.3% during the second quarter. The Manufacturers Life Insurance Company now owns 101,423 shares of the transportation company’s stock worth $2,977,000 after acquiring an additional 3,237 shares during the last quarter. Green Square Capital LLC increased its stake in Werner Enterprises by 2.9% during the second quarter. Green Square Capital LLC now owns 14,064 shares of the transportation company’s stock worth $414,000 after acquiring an additional 393 shares during the last quarter. Finally, State Street Corp increased its stake in Werner Enterprises by 1.5% during the second quarter. State Street Corp now owns 1,644,663 shares of the transportation company’s stock worth $48,274,000 after acquiring an additional 23,936 shares during the last quarter. 64.52% of the stock is currently owned by institutional investors.
In related news, CEO Derek J. Leathers sold 17,500 shares of the business’s stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of $35.26, for a total value of $617,050.00. Following the completion of the sale, the chief executive officer now owns 211,280 shares in the company, valued at $7,449,732.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 34.70% of the stock is currently owned by insiders.
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Shares of Werner Enterprises, Inc. (NASDAQ WERN) opened at $34.35 on Friday. The company has a quick ratio of 1.73, a current ratio of 1.78 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $2,484.78, a P/E ratio of 29.87, a P/E/G ratio of 1.93 and a beta of 0.96. Werner Enterprises, Inc. has a twelve month low of $24.20 and a twelve month high of $37.20.
Werner Enterprises (NASDAQ:WERN) last announced its quarterly earnings results on Thursday, October 19th. The transportation company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.01). The firm had revenue of $528.64 million during the quarter, compared to analysts’ expectations of $532.48 million. Werner Enterprises had a net margin of 4.04% and a return on equity of 8.18%. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.26 EPS. 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 was paid on Tuesday, October 17th. Investors of record on Monday, October 2nd were issued a $0.07 dividend. The ex-dividend date was Friday, September 29th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.82%. Werner Enterprises’s payout ratio is 24.35%.
WERN has been the topic of several analyst reports. Buckingham Research initiated coverage on Werner Enterprises in a research note on Monday, August 21st. They set a “buy” rating and a $36.00 price objective on the stock. Wells Fargo & Company boosted their price objective on Werner Enterprises from $29.00 to $35.00 and gave the stock a “market perform” rating in a research note on Friday, October 20th. Credit Suisse Group reduced their price objective on Werner Enterprises from $35.00 to $34.00 and set a “neutral” rating on the stock in a research note on Friday, October 20th. Deutsche Bank AG reissued a “hold” rating and set a $32.00 price objective (up from $25.00) on shares of Werner Enterprises in a research note on Wednesday, August 9th. Finally, Cowen and Company boosted their price objective on Werner Enterprises from $27.00 to $31.00 and gave the stock a “market perform” rating in a research note on Tuesday, July 25th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $33.73.
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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