Werner Enterprises, Inc. (WERN) Shares Sold by Municipal Employees Retirement System of Michigan

Municipal Employees Retirement System of Michigan lowered its stake in shares of Werner Enterprises, Inc. (NASDAQ:WERN) by 19.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,550 shares of the transportation company’s stock after selling 3,350 shares during the quarter. Municipal Employees Retirement System of Michigan’s holdings in Werner Enterprises were worth $495,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Public Employees Retirement System of Ohio grew its holdings 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 worth $164,000 after purchasing an additional 163 shares during the period. Texas Permanent School Fund grew its holdings in Werner Enterprises by 0.9% in the second quarter. Texas Permanent School Fund now owns 32,691 shares of the transportation company’s stock worth $959,000 after purchasing an additional 285 shares during the period. Arizona State Retirement System grew its holdings in Werner Enterprises by 1.6% in the second quarter. Arizona State Retirement System now owns 18,900 shares of the transportation company’s stock worth $555,000 after purchasing an additional 300 shares during the period. State Treasurer State of Michigan grew its holdings in Werner Enterprises by 1.7% in the second quarter. State Treasurer State of Michigan now owns 18,475 shares of the transportation company’s stock worth $542,000 after purchasing an additional 300 shares during the period. Finally, Ameritas Investment Partners Inc. grew its holdings in Werner Enterprises by 1.9% in the second quarter. Ameritas Investment Partners Inc. now owns 17,816 shares of the transportation company’s stock worth $523,000 after purchasing an additional 328 shares during the period. Institutional investors own 64.78% of the company’s stock.

Werner Enterprises, Inc. (NASDAQ:WERN) opened at $37.05 on Wednesday. The firm has a market cap of $2,701.79, a P/E ratio of 32.48, a P/E/G ratio of 2.09 and a beta of 0.97. Werner Enterprises, Inc. has a 52-week low of $24.20 and a 52-week high of $38.95. The company has a current ratio of 1.78, a quick ratio of 1.73 and a debt-to-equity ratio of 0.07.

Werner Enterprises (NASDAQ:WERN) last issued its quarterly earnings data on Thursday, October 19th. The transportation company reported $0.31 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.01). The company had revenue of $528.64 million for the quarter, compared to the consensus estimate of $532.48 million. Werner Enterprises had a net margin of 4.04% and a return on equity of 8.18%. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter last year, the company earned $0.26 EPS. equities analysts expect that Werner Enterprises, Inc. will post 1.23 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Tuesday, January 2nd will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, December 29th. This represents a $0.28 dividend on an annualized basis and a yield of 0.76%. Werner Enterprises’s dividend payout ratio (DPR) is 24.35%.

In related news, CEO Derek J. Leathers sold 17,500 shares of the stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $35.26, for a total transaction of $617,050.00. Following the transaction, the chief executive officer now owns 211,280 shares in the company, valued at $7,449,732.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 34.70% of the stock is owned by corporate insiders.

WERN has been the topic of a number of recent analyst reports. Buckingham Research initiated coverage on shares of Werner Enterprises in a report on Monday, August 21st. They set a “buy” rating and a $36.00 price target on the stock. Wells Fargo & Company increased their price target on shares of Werner Enterprises from $29.00 to $35.00 and gave the company a “market perform” rating in a report on Friday, October 20th. Credit Suisse Group cut their price target on shares of Werner Enterprises from $35.00 to $34.00 and set a “neutral” rating on the stock in a report on Friday, October 20th. Deutsche Bank reiterated a “hold” rating and set a $32.00 price target (up previously from $25.00) on shares of Werner Enterprises in a report on Wednesday, August 9th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $36.00 price target on shares of Werner Enterprises in a report on Sunday, October 1st. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $33.73.

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

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