SG Americas Securities LLC Acquires 7,655 Shares of Werner Enterprises, Inc. (WERN)

SG Americas Securities LLC boosted its holdings in shares of Werner Enterprises, Inc. (NASDAQ:WERN) by 79.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,309 shares of the transportation company’s stock after purchasing an additional 7,655 shares during the period. SG Americas Securities LLC’s holdings in Werner Enterprises were worth $508,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Dimensional Fund Advisors LP lifted its stake in Werner Enterprises by 7.0% during 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 purchasing an additional 342,947 shares during the last quarter. BlackRock Inc. lifted its stake in Werner Enterprises by 17,543.9% during the first quarter. BlackRock Inc. now owns 4,617,064 shares of the transportation company’s stock valued at $120,967,000 after purchasing an additional 4,590,896 shares during the last quarter. Vanguard Group Inc. lifted its stake in Werner Enterprises by 7.1% during the first quarter. Vanguard Group Inc. now owns 3,644,333 shares of the transportation company’s stock valued at $95,481,000 after purchasing an additional 242,284 shares during the last quarter. Alliancebernstein L.P. lifted its stake in Werner Enterprises by 3.1% during the first quarter. Alliancebernstein L.P. now owns 2,180,691 shares of the transportation company’s stock valued at $57,134,000 after purchasing an additional 66,406 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its stake in Werner Enterprises by 2.4% during 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 purchasing an additional 45,801 shares during the last quarter. 64.10% of the stock is owned by institutional investors and hedge funds.

In related news, CEO Derek J. Leathers sold 12,244 shares of Werner Enterprises stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $30.02, for a total transaction of $367,564.88. Following the transaction, the chief executive officer now owns 228,780 shares of the company’s stock, valued at approximately $6,867,975.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Jim S. Schelble sold 7,494 shares of Werner Enterprises stock in a transaction that occurred on Monday, June 19th. The stock was sold at an average price of $29.50, for a total transaction of $221,073.00. Following the transaction, the vice president now directly owns 55,300 shares in the company, valued at approximately $1,631,350. The disclosure for this sale can be found here. Insiders have sold a total of 39,994 shares of company stock worth $1,197,593 in the last three months. 34.70% of the stock is owned by insiders.

Several analysts recently commented on the stock. Zacks Investment Research raised shares of Werner Enterprises from a “hold” rating to a “buy” rating and set a $35.00 target price for the company in a research note on Wednesday, August 23rd. Morgan Stanley reissued an “overweight” rating and set a $32.00 target price (up from $30.00) on shares of Werner Enterprises in a research note on Tuesday, July 25th. BidaskClub raised shares of Werner Enterprises from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 16th. Buckingham Research assumed coverage on shares of Werner Enterprises in a research note on Monday, August 21st. They set a “buy” rating and a $36.00 target price for the company. Finally, Stephens raised shares of Werner Enterprises from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $30.00 to $36.00 in a research note on Monday, August 14th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Werner Enterprises currently has an average rating of “Hold” and an average price target of $30.83.

Shares of Werner Enterprises, Inc. (NASDAQ WERN) opened at 34.75 on Monday. Werner Enterprises, Inc. has a 12 month low of $21.45 and a 12 month high of $35.00. The stock has a market cap of $2.51 billion, a P/E ratio of 31.59 and a beta of 0.87. The company has a 50 day moving average of $31.21 and a 200 day moving average of $28.40.

Werner Enterprises (NASDAQ:WERN) last released its quarterly earnings data on Monday, July 24th. The transportation company reported $0.32 earnings per share for the quarter, topping the 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 business had revenue of $519.50 million for the quarter, compared to analyst estimates of $521.63 million. During the same quarter last year, the firm earned $0.25 EPS. Werner Enterprises’s quarterly revenue was up 4.2% compared to the same quarter last year. Equities research analysts expect that Werner Enterprises, Inc. will post $1.23 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 17th. Investors of record on Monday, October 2nd will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 0.81%. The ex-dividend date of this dividend is Friday, September 29th. Werner Enterprises’s payout ratio is 25.45%.

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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.

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

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