Thrivent Financial For Lutherans increased its position in Werner Enterprises, Inc. (NASDAQ:WERN) by 11.5% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 8,530 shares of the transportation company’s stock after buying an additional 880 shares during the period. Thrivent Financial For Lutherans’ holdings in Werner Enterprises were worth $223,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently made changes to their positions in WERN. Advantus Capital Management Inc boosted its position in shares of Werner Enterprises by 3.2% in the first quarter. Advantus Capital Management Inc now owns 5,730 shares of the transportation company’s stock worth $150,000 after buying an additional 178 shares in the last quarter. Oxford Asset Management acquired a new stake in Werner Enterprises during the first quarter worth approximately $276,000. Princeton Alpha Management LP acquired a new stake in Werner Enterprises during the first quarter worth approximately $291,000. Louisiana State Employees Retirement System boosted 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. Finally, US Bancorp DE boosted its stake in Werner Enterprises by 15.9% in the first quarter. US Bancorp DE now owns 13,599 shares of the transportation company’s stock worth $356,000 after buying an additional 1,867 shares in the last quarter. 64.34% of the stock is currently owned by institutional investors.
Werner Enterprises, Inc. (NASDAQ:WERN) traded down 0.16% during mid-day trading on Thursday, hitting $30.90. 261,047 shares of the stock traded hands. Werner Enterprises, Inc. has a 12 month low of $21.45 and a 12 month high of $32.45. The stock has a market cap of $2.23 billion, a P/E ratio of 28.09 and a beta of 0.88. The stock has a 50-day moving average price of $29.82 and a 200-day moving average price of $27.87.
Werner Enterprises (NASDAQ:WERN) last announced its earnings results on Monday, July 24th. The transportation company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.05. The company had revenue of $519.50 million during the quarter, compared to analysts’ expectations of $521.63 million. Werner Enterprises had a net margin of 3.90% and a return on equity of 7.97%. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.25 earnings per share. On average, equities analysts forecast that Werner Enterprises, Inc. will post $1.23 earnings per share for the current year.
Several equities research analysts have recently issued reports on the company. BidaskClub raised Werner Enterprises from a “buy” rating to a “strong-buy” rating in a report on Wednesday. Stephens raised Werner Enterprises from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $30.00 to $36.00 in a report on Monday. Deutsche Bank AG reiterated a “hold” rating and issued a $32.00 price target (up previously from $25.00) on shares of Werner Enterprises in a research report on Wednesday, August 9th. Zacks Investment Research lowered Werner Enterprises from a “buy” rating to a “hold” rating in a research report on Saturday, August 5th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $32.00 price target (up previously from $30.00) on shares of Werner Enterprises in a research report on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $30.36.
In other Werner Enterprises news, VP Jim S. Schelble sold 7,494 shares of Werner Enterprises stock in a transaction dated Monday, June 19th. The shares were sold at an average price of $29.50, for a total transaction of $221,073.00. Following the completion of the transaction, the vice president now owns 55,300 shares in the company, valued at $1,631,350. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Jim S. Schelble sold 7,500 shares of the business’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $30.17, for a total transaction of $226,275.00. Following the completion of the transaction, the vice president now directly owns 55,306 shares of the company’s stock, valued at approximately $1,668,582.02. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 39,994 shares of company stock valued at $1,197,593. 34.80% of the stock is currently owned by company 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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