Aperio Group LLC cut its stake in shares of Werner Enterprises, Inc. (NASDAQ:WERN) by 28.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 210,675 shares of the transportation company’s stock after selling 83,803 shares during the period. Aperio Group LLC owned approximately 0.29% of Werner Enterprises worth $6,183,000 as of its most recent filing with the SEC.
Several other large investors also recently added to or reduced their stakes in WERN. Virginia Retirement Systems ET AL raised its stake in Werner Enterprises by 0.5% in the first quarter. Virginia Retirement Systems ET AL now owns 21,100 shares of the transportation company’s stock valued at $553,000 after buying an additional 100 shares in the last quarter. Meeder Asset Management Inc. raised its stake in Werner Enterprises by 0.6% in the second quarter. Meeder Asset Management Inc. now owns 28,559 shares of the transportation company’s stock valued at $838,000 after buying an additional 160 shares in the last quarter. Public Employees Retirement System of Ohio raised its stake in Werner Enterprises by 2.7% in the first quarter. Public Employees Retirement System of Ohio now owns 6,257 shares of the transportation company’s stock valued at $164,000 after buying an additional 163 shares in the last quarter. Advantus Capital Management Inc raised its stake in Werner Enterprises by 3.2% in the first quarter. Advantus Capital Management Inc now owns 5,730 shares of the transportation company’s stock valued at $150,000 after buying an additional 178 shares in the last quarter. Finally, State Treasurer State of Michigan raised its stake in Werner Enterprises by 1.1% in the first quarter. State Treasurer State of Michigan now owns 18,175 shares of the transportation company’s stock valued at $476,000 after buying an additional 200 shares in the last quarter. Institutional investors own 64.34% of the company’s stock.
Werner Enterprises, Inc. (NASDAQ WERN) opened at 30.70 on Friday. The firm has a market cap of $2.22 billion, a P/E ratio of 27.91 and a beta of 0.88. Werner Enterprises, Inc. has a 12-month low of $21.45 and a 12-month high of $32.45. The firm’s 50-day moving average price is $29.85 and its 200 day moving average price is $27.89.
Werner Enterprises (NASDAQ:WERN) last posted its earnings results on Monday, July 24th. The transportation company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.05. The firm had revenue of $519.50 million for 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 company’s revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.25 earnings per share. Analysts forecast that Werner Enterprises, Inc. will post $1.23 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 17th. Shareholders of record on Monday, October 2nd will be paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.91%. Werner Enterprises’s payout ratio is presently 25.45%.
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Several equities research analysts have recently weighed in on the company. Zacks Investment Research lowered Werner Enterprises from a “hold” rating to a “sell” rating in a research note on Thursday, June 22nd. Stephens upgraded Werner Enterprises from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $30.00 to $36.00 in a research note on Monday. BidaskClub upgraded Werner Enterprises from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. Bank of America Corporation reiterated an “underperform” rating and issued a $30.00 price objective (up from $25.00) on shares of Werner Enterprises in a research note on Monday, July 10th. Finally, TheStreet upgraded Werner Enterprises from a “c+” rating to a “b” rating in a research report on Monday, June 19th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $30.36.
In related news, CEO Derek J. Leathers sold 12,756 shares of the business’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $30.00, for a total value of $382,680.00. Following the sale, the chief executive officer now owns 241,536 shares of the company’s stock, valued at $7,246,080. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Derek J. Leathers sold 12,244 shares of the business’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $30.02, for a total transaction of $367,564.88. Following the completion of the sale, the chief executive officer now directly owns 228,780 shares in the company, valued at approximately $6,867,975.60. 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. Insiders own 34.80% of the company’s stock.
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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