Keybank National Association OH reduced its holdings in Werner Enterprises, Inc. (NASDAQ:WERN) by 17.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 43,700 shares of the transportation company’s stock after selling 9,500 shares during the period. Keybank National Association OH owned approximately 0.06% of Werner Enterprises worth $1,597,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Daiwa Securities Group Inc. bought a new position in Werner Enterprises in the 3rd quarter worth approximately $3,290,000. Hodges Capital Management Inc. bought a new stake in shares of Werner Enterprises during the third quarter valued at approximately $13,171,000. Prudential Financial Inc. increased its position in shares of Werner Enterprises by 29.4% during the third quarter. Prudential Financial Inc. now owns 39,595 shares of the transportation company’s stock valued at $1,447,000 after purchasing an additional 9,000 shares during the period. Stevens Capital Management LP bought a new stake in shares of Werner Enterprises during the third quarter valued at approximately $657,000. Finally, Chicago Equity Partners LLC bought a new stake in shares of Werner Enterprises during the third quarter valued at approximately $2,185,000. 64.52% of the stock is currently owned by institutional investors.
In other Werner Enterprises news, CEO Derek J. Leathers sold 17,500 shares of the business’s stock in a transaction 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 transaction, the chief executive officer now owns 211,280 shares of the company’s stock, valued at $7,449,732.80. The transaction was disclosed in a legal filing with the SEC, which is available 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. Werner Enterprises, Inc. has a 1 year low of $24.20 and a 1 year high of $37.20. The firm has a market capitalization of $2,484.78, a price-to-earnings ratio of 29.87, a price-to-earnings-growth ratio of 1.93 and a beta of 0.96. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.78 and a quick ratio of 1.73.
Werner Enterprises (NASDAQ:WERN) last announced its quarterly earnings results on Thursday, October 19th. The transportation company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.01). Werner Enterprises had a net margin of 4.04% and a return on equity of 8.18%. The company had revenue of $528.64 million during the quarter, compared to the consensus estimate of $532.48 million. During the same quarter last year, the company earned $0.26 earnings per share. The business’s revenue was up 3.9% on a year-over-year basis. equities research analysts anticipate that Werner Enterprises, Inc. will post 1.23 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 17th. Shareholders of record on Monday, October 2nd were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date was Friday, September 29th. Werner Enterprises’s dividend payout ratio is currently 24.35%.
A number of analysts have recently issued reports on the company. Barclays PLC boosted their price objective on Werner Enterprises from $25.00 to $32.00 and gave the company an “equal weight” rating in a research report on Monday, October 2nd. BidaskClub upgraded Werner Enterprises from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 16th. Buckingham Research assumed coverage on Werner Enterprises in a research report on Monday, August 21st. They set a “buy” rating and a $36.00 price objective on the stock. Zacks Investment Research upgraded Werner Enterprises from a “hold” rating to a “buy” rating and set a $39.00 price objective on the stock in a research report on Wednesday, September 27th. Finally, Stephens upgraded Werner Enterprises from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $30.00 to $36.00 in a research report on Monday, August 14th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $33.73.
About Werner Enterprises
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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