12th Street Asset Management Company LLC Cuts Position in Werner Enterprises, Inc. (WERN)

12th Street Asset Management Company LLC decreased its holdings in Werner Enterprises, Inc. (NASDAQ:WERN) by 2.9% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 251,332 shares of the transportation company’s stock after selling 7,474 shares during the quarter. Werner Enterprises accounts for approximately 2.1% of 12th Street Asset Management Company LLC’s investment portfolio, making the stock its 17th largest holding. 12th Street Asset Management Company LLC’s holdings in Werner Enterprises were worth $8,883,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Xact Kapitalforvaltning AB purchased a new position in Werner Enterprises in the second quarter valued at approximately $230,000. Atria Investments LLC acquired a new stake in Werner Enterprises in the third quarter valued at approximately $224,000. First Citizens Bank & Trust Co. acquired a new stake in Werner Enterprises in the third quarter valued at approximately $249,000. Green Square Capital LLC acquired a new stake in Werner Enterprises in the second quarter valued at approximately $304,000. Finally, Ramsey Quantitative Systems acquired a new stake in Werner Enterprises in the second quarter valued at approximately $375,000. Hedge funds and other institutional investors own 68.73% of the company’s stock.

Several analysts have issued reports on the stock. ValuEngine raised shares of Werner Enterprises from a “hold” rating to a “buy” rating in a research report on Tuesday, September 11th. BidaskClub raised shares of Werner Enterprises from a “hold” rating to a “buy” rating in a research report on Tuesday, September 11th. Morgan Stanley increased their price objective on shares of Werner Enterprises from $48.00 to $50.00 and gave the company an “overweight” rating in a research report on Tuesday, July 24th. Robert W. Baird increased their price objective on shares of Werner Enterprises from $41.00 to $43.00 and gave the company a “neutral” rating in a research report on Tuesday, July 24th. Finally, Citigroup increased their price objective on shares of Werner Enterprises from $39.00 to $42.00 and gave the company a “neutral” rating in a research report on Tuesday, July 24th. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $42.67.

Werner Enterprises stock opened at $33.36 on Friday. The firm has a market capitalization of $2.36 billion, a price-to-earnings ratio of 26.27, a price-to-earnings-growth ratio of 0.99 and a beta of 1.08. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.41 and a quick ratio of 1.37. Werner Enterprises, Inc. has a 12 month low of $31.08 and a 12 month high of $43.95.

Werner Enterprises (NASDAQ:WERN) last released its quarterly earnings data on Thursday, October 18th. The transportation company reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.06. The firm had revenue of $629.70 million during the quarter, compared to the consensus estimate of $628.71 million. Werner Enterprises had a net margin of 10.71% and a return on equity of 12.34%. The firm’s revenue was up 19.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.31 earnings per share. On average, analysts anticipate that Werner Enterprises, Inc. will post 2.31 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 16th. Shareholders of record on Monday, October 1st were issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date of this dividend was Friday, September 28th. Werner Enterprises’s dividend payout ratio is presently 28.35%.

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Werner Enterprises Company Profile

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, China, and Australia. It operates through two segments, Truckload Transportation Services and Werner Logistics.

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

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