LS Investment Advisors LLC increased its stake in Werner Enterprises, Inc. (NASDAQ:WERN) by 17.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,636 shares of the transportation company’s stock after buying an additional 533 shares during the period. LS Investment Advisors LLC’s holdings in Werner Enterprises were worth $107,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of WERN. Dimensional Fund Advisors LP increased its stake in shares of Werner Enterprises by 7.0% in the first quarter. Dimensional Fund Advisors LP now owns 5,256,834 shares of the transportation company’s stock valued at $137,729,000 after buying an additional 342,947 shares during the period. BlackRock Inc. increased its stake in shares of Werner Enterprises by 17,543.9% in the first quarter. BlackRock Inc. now owns 4,617,064 shares of the transportation company’s stock valued at $120,967,000 after buying an additional 4,590,896 shares during the period. Vanguard Group Inc. increased its stake in shares of Werner Enterprises by 7.1% in the first quarter. Vanguard Group Inc. now owns 3,644,333 shares of the transportation company’s stock valued at $95,481,000 after buying an additional 242,284 shares during the period. Alliancebernstein L.P. increased its stake in shares of Werner Enterprises by 3.1% in the first quarter. Alliancebernstein L.P. now owns 2,180,691 shares of the transportation company’s stock valued at $57,134,000 after buying an additional 66,406 shares during the period. Finally, Victory Capital Management Inc. increased its stake in shares of Werner Enterprises by 2.4% in the first quarter. Victory Capital Management Inc. now owns 1,976,570 shares of the transportation company’s stock valued at $51,786,000 after buying an additional 45,801 shares during the period. Institutional investors own 66.16% of the company’s stock.
Shares of Werner Enterprises, Inc. (NASDAQ WERN) traded up 1.50% during mid-day trading on Friday, hitting $30.45. The company had a trading volume of 649,209 shares. Werner Enterprises, Inc. has a 52-week low of $21.45 and a 52-week high of $32.45. The stock has a market cap of $2.20 billion, a price-to-earnings ratio of 27.68 and a beta of 0.88. The stock’s 50-day moving average is $29.65 and its 200-day moving average is $27.78.
Werner Enterprises (NASDAQ:WERN) last announced its quarterly earnings data on Monday, July 24th. The transportation company reported $0.32 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.05. The firm had revenue of $519.50 million during the quarter, compared to analyst estimates of $521.63 million. Werner Enterprises had a return on equity of 7.97% and a net margin of 3.90%. Werner Enterprises’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.25 earnings per share. Equities analysts forecast that Werner Enterprises, Inc. will post $1.23 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 18th. Investors of record on Wednesday, July 5th were issued a $0.07 dividend. This is a positive change from Werner Enterprises’s previous quarterly dividend of $0.06. This represents a $0.28 annualized dividend and a yield of 0.92%. The ex-dividend date of this dividend was Friday, June 30th. Werner Enterprises’s payout ratio is currently 25.45%.
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WERN has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded Werner Enterprises from a “sell” rating to a “hold” rating in a report on Tuesday, April 25th. Bank of America Corporation upgraded Werner Enterprises from an “underperform” rating to a “neutral” rating and increased their price objective for the company from $30.00 to $32.00 in a report on Tuesday, July 25th. TheStreet upgraded Werner Enterprises from a “c+” rating to a “b” rating in a report on Monday, June 19th. Cowen and Company increased their price objective on Werner Enterprises from $27.00 to $31.00 and gave the company a “market perform” rating in a report on Tuesday, July 25th. Finally, BidaskClub upgraded Werner Enterprises from a “buy” rating to a “strong-buy” rating in a report on Friday, June 30th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company. Werner Enterprises has an average rating of “Hold” and a consensus price target of $29.80.
In related news, CEO Derek J. Leathers sold 12,244 shares of the business’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $30.02, for a total value of $367,564.88. Following the completion of the sale, the chief executive officer now directly owns 228,780 shares of the company’s stock, valued at $6,867,975.60. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Jim S. Schelble sold 7,494 shares of the business’s stock in a transaction dated Monday, June 19th. The shares were 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 directly owns 55,300 shares of the company’s stock, valued at $1,631,350. The disclosure for this sale can be found here. Over the last three months, insiders sold 39,994 shares of company stock valued at $1,197,593. 34.80% of the stock is owned by corporate insiders.
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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