Campbell & CO Investment Adviser LLC purchased a new position in shares of Werner Enterprises, Inc. (NASDAQ:WERN) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 8,050 shares of the transportation company’s stock, valued at approximately $338,000.
A number of other hedge funds also recently bought and sold shares of WERN. Nelson Van Denburg & Campbell Wealth Management Group LLC acquired a new position in shares of Werner Enterprises during the second quarter worth about $27,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of Werner Enterprises in the 2nd quarter valued at $34,000. Advisors Asset Management Inc. lifted its position in shares of Werner Enterprises by 11.7% during the 2nd quarter. Advisors Asset Management Inc. now owns 2,560 shares of the transportation company’s stock worth $111,000 after purchasing an additional 269 shares during the last quarter. Cullen Frost Bankers Inc. grew its stake in shares of Werner Enterprises by 200.2% during the second quarter. Cullen Frost Bankers Inc. now owns 2,669 shares of the transportation company’s stock worth $116,000 after purchasing an additional 1,780 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in Werner Enterprises by 25.1% in the second quarter. PNC Financial Services Group Inc. now owns 2,730 shares of the transportation company’s stock valued at $120,000 after buying an additional 547 shares during the last quarter. 81.20% of the stock is currently owned by institutional investors.
WERN has been the subject of several analyst reports. Cowen upped their price objective on Werner Enterprises from $39.00 to $48.00 and gave the stock a “market perform” rating in a research report on Thursday, July 30th. Stifel Nicolaus upgraded shares of Werner Enterprises from a “hold” rating to a “buy” rating and increased their price target for the company from $46.00 to $51.00 in a research note on Thursday. Credit Suisse Group reissued a “sell” rating and set a $39.00 price objective on shares of Werner Enterprises in a report on Friday, July 24th. Barclays upgraded shares of Werner Enterprises from an “equal weight” rating to an “overweight” rating and set a $54.00 target price for the company in a report on Friday. Finally, Citigroup lifted their price target on shares of Werner Enterprises from $48.00 to $52.00 and gave the stock a “buy” rating in a research note on Wednesday, July 8th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and twelve have issued a buy rating to the stock. Werner Enterprises has an average rating of “Buy” and a consensus price target of $47.06.
WERN opened at $42.97 on Friday. Werner Enterprises, Inc. has a 52 week low of $28.99 and a 52 week high of $47.43. The business has a 50 day moving average price of $44.20 and a two-hundred day moving average price of $42.54. The company has a quick ratio of 1.69, a current ratio of 1.73 and a debt-to-equity ratio of 0.15. The company has a market cap of $2.97 billion, a PE ratio of 19.99, a P/E/G ratio of 2.28 and a beta of 0.78.
Werner Enterprises (NASDAQ:WERN) last released its earnings results on Wednesday, July 29th. The transportation company reported $0.62 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.22. Werner Enterprises had a return on equity of 14.22% and a net margin of 6.23%. The business had revenue of $568.96 million for the quarter, compared to analyst estimates of $561.70 million. During the same quarter in the previous year, the company posted $0.63 earnings per share. The company’s revenue for the quarter was down 9.3% compared to the same quarter last year. As a group, sell-side analysts expect that Werner Enterprises, Inc. will post 2.35 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 20th. Shareholders of record on Monday, October 5th will be given a dividend of $0.09 per share. The ex-dividend date is Friday, October 2nd. This represents a $0.36 dividend on an annualized basis and a yield of 0.84%. Werner Enterprises’s payout ratio is currently 15.06%.
About Werner Enterprises
Werner Enterprises, Inc, a transportation and logistics company, engages in transporting truckload shipments of general commodities in interstate and intrastate commerce in the United States, Mexico, Canada, and China. It operates in two segments, Truckload Transportation Services and Werner Logistics.
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