Schwab Charles Investment Management Inc. increased its stake in Werner Enterprises, Inc. (NASDAQ:WERN) by 11.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 350,250 shares of the transportation company’s stock after buying an additional 36,398 shares during the period. Schwab Charles Investment Management Inc. owned approximately 0.48% of Werner Enterprises worth $9,177,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of WERN. Oregon Public Employees Retirement Fund increased its stake in Werner Enterprises by 1.3% in the first quarter. Oregon Public Employees Retirement Fund now owns 15,243 shares of the transportation company’s stock worth $399,000 after buying an additional 200 shares in the last quarter. Alliancebernstein L.P. increased its stake in Werner Enterprises by 3.1% in the first quarter. Alliancebernstein L.P. now owns 2,180,691 shares of the transportation company’s stock worth $57,134,000 after buying an additional 66,406 shares in the last quarter. Louisiana State Employees Retirement System increased its stake in Werner Enterprises by 2.7% in the first quarter. Louisiana State Employees Retirement System now owns 11,300 shares of the transportation company’s stock worth $296,000 after buying an additional 300 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Werner Enterprises by 4.6% in the first quarter. Geode Capital Management LLC now owns 368,735 shares of the transportation company’s stock valued at $9,660,000 after buying an additional 16,281 shares during the period. Finally, US Bancorp DE increased its stake in shares of Werner Enterprises by 15.9% in the first quarter. US Bancorp DE now owns 13,599 shares of the transportation company’s stock valued at $356,000 after buying an additional 1,867 shares during the period. Institutional investors and hedge funds own 64.34% of the company’s stock.
Werner Enterprises, Inc. (NASDAQ:WERN) traded up 1.97% during midday trading on Monday, reaching $31.05. 77,038 shares of the company’s stock were exchanged. Werner Enterprises, Inc. has a 52 week low of $21.45 and a 52 week high of $32.45. The firm has a market capitalization of $2.24 billion, a price-to-earnings ratio of 28.23 and a beta of 0.88. The firm’s 50 day moving average is $29.65 and its 200 day moving average is $27.78.
Werner Enterprises (NASDAQ:WERN) last released its quarterly earnings results on Monday, July 24th. The transportation company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.27 by $0.05. The company had revenue of $519.50 million for 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%. The firm’s revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.25 earnings per share. On average, equities analysts anticipate that Werner Enterprises, Inc. will post $1.23 earnings per share for the current year.
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Several brokerages recently commented on WERN. Zacks Investment Research downgraded shares of Werner Enterprises from a “hold” rating to a “sell” rating in a research report on Thursday, June 22nd. Stephens raised shares of Werner Enterprises from an “equal weight” rating to an “overweight” rating in a report on Monday. Bank of America Corporation raised shares of Werner Enterprises from an “underperform” rating to a “neutral” rating and raised their price target for the company from $30.00 to $32.00 in a report on Tuesday, July 25th. TheStreet raised shares of Werner Enterprises from a “c+” rating to a “b” rating in a report on Monday, June 19th. Finally, BidaskClub downgraded shares of Werner Enterprises from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 19th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the stock. Werner Enterprises currently has a consensus rating of “Hold” and an average price target of $29.80.
In other Werner Enterprises news, 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 value 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Jim S. Schelble sold 7,500 shares of Werner Enterprises stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $30.17, for a total value of $226,275.00. Following the completion of the transaction, the vice president now owns 55,306 shares in the company, valued at $1,668,582.02. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 39,994 shares of company stock worth $1,197,593. 34.80% of the stock is currently 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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