BNP Paribas Arbitrage SA decreased its position in Werner Enterprises, Inc. (NASDAQ:WERN) by 14.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,856 shares of the transportation company’s stock after selling 3,711 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in Werner Enterprises were worth $799,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in WERN. Bank of New York Mellon Corp raised its stake in shares of Werner Enterprises by 13.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,642,586 shares of the transportation company’s stock valued at $106,910,000 after purchasing an additional 426,376 shares during the period. Hodges Capital Management Inc. acquired a new stake in shares of Werner Enterprises in the 3rd quarter valued at about $13,171,000. Dimensional Fund Advisors LP raised its stake in shares of Werner Enterprises by 3.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,451,128 shares of the transportation company’s stock valued at $159,992,000 after purchasing an additional 194,294 shares during the period. DSAM Partners London Ltd acquired a new stake in shares of Werner Enterprises in the 3rd quarter valued at about $4,386,000. Finally, BlackRock Inc. raised its stake in shares of Werner Enterprises by 2.6% in the 2nd quarter. BlackRock Inc. now owns 4,736,977 shares of the transportation company’s stock valued at $139,031,000 after purchasing an additional 119,913 shares during the period. 64.78% of the stock is currently owned by hedge funds and other institutional investors.

In related news, CEO Derek J. Leathers sold 17,500 shares of Werner Enterprises stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of $35.26, for a total transaction of $617,050.00. Following the completion of the transaction, the chief executive officer now owns 211,280 shares in the company, valued at $7,449,732.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 34.70% of the company’s stock.

A number of research firms recently issued reports on WERN. Zacks Investment Research downgraded Werner Enterprises from a “buy” rating to a “hold” rating in a research report on Wednesday, October 25th. Credit Suisse Group lowered their target price on Werner Enterprises from $35.00 to $34.00 and set a “neutral” rating on the stock in a research report on Friday, October 20th. Wells Fargo & Company lifted their target price on Werner Enterprises from $29.00 to $35.00 and gave the company a “market perform” rating in a research report on Friday, October 20th. Morgan Stanley lifted their target price on Werner Enterprises from $32.00 to $35.00 and gave the company an “overweight” rating in a research report on Friday, October 20th. Finally, Cowen downgraded Werner Enterprises from a “market perform” rating to an “underperform” rating in a research report on Monday, October 16th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. Werner Enterprises has an average rating of “Hold” and an average target price of $33.73.

Werner Enterprises, Inc. (NASDAQ:WERN) opened at $38.00 on Monday. Werner Enterprises, Inc. has a 1-year low of $24.20 and a 1-year high of $38.45. The company has a current ratio of 1.78, a quick ratio of 1.73 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $2,748.80, a PE ratio of 33.04, a P/E/G ratio of 2.13 and a beta of 0.97.

Werner Enterprises (NASDAQ:WERN) last posted its quarterly earnings results on Thursday, October 19th. The transportation company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.01). Werner Enterprises had a return on equity of 8.18% and a net margin of 4.04%. The business had revenue of $528.64 million for the quarter, compared to the consensus estimate of $532.48 million. During the same quarter in the previous year, the business posted $0.26 EPS. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. analysts forecast that Werner Enterprises, Inc. will post 1.23 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Tuesday, January 2nd will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend is Friday, December 29th. Werner Enterprises’s payout ratio is currently 24.35%.

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

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