Municipal Employees Retirement System of Michigan lessened its position in Werner Enterprises, Inc. (NASDAQ:WERN) by 19.8% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 13,550 shares of the transportation company’s stock after selling 3,350 shares during the period. Municipal Employees Retirement System of Michigan’s holdings in Werner Enterprises were worth $495,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in the company. Teachers Advisors LLC lifted its stake in shares of Werner Enterprises by 3.7% in the first quarter. Teachers Advisors LLC now owns 75,149 shares of the transportation company’s stock valued at $1,969,000 after purchasing an additional 2,716 shares during the period. Renaissance Technologies LLC acquired a new stake in shares of Werner Enterprises in the first quarter valued at about $1,037,000. Public Employees Retirement System of Ohio lifted its stake in shares of 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 purchasing an additional 163 shares during the period. Oregon Public Employees Retirement Fund lifted its stake in shares of Werner Enterprises by 8.0% in the second quarter. Oregon Public Employees Retirement Fund now owns 16,469 shares of the transportation company’s stock valued at $483,000 after purchasing an additional 1,226 shares during the period. Finally, LS Investment Advisors LLC lifted its stake in shares of Werner Enterprises by 17.2% in the second quarter. LS Investment Advisors LLC now owns 3,636 shares of the transportation company’s stock valued at $107,000 after purchasing an additional 533 shares during the period. Institutional investors own 64.78% of the company’s stock.
Several analysts recently commented on WERN shares. Robert W. Baird reiterated a “hold” rating and issued a $38.00 price objective on shares of Werner Enterprises in a research note on Friday, October 6th. Morgan Stanley raised their price objective on shares of Werner Enterprises from $32.00 to $35.00 and gave the company an “overweight” rating in a research note on Friday, October 20th. Zacks Investment Research upgraded shares of Werner Enterprises from a “hold” rating to a “buy” rating and set a $35.00 target price for the company in a research report on Wednesday, August 23rd. Cowen cut shares of Werner Enterprises from a “market perform” rating to an “underperform” rating in a research report on Monday, October 16th. Finally, Buckingham Research initiated coverage on shares of Werner Enterprises in a research report on Monday, August 21st. They set a “buy” rating and a $36.00 target price for the company. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $33.73.
Werner Enterprises, Inc. (NASDAQ:WERN) opened at $37.95 on Friday. The stock has a market cap of $2,799.44, a PE ratio of 33.65, a price-to-earnings-growth ratio of 2.17 and a beta of 0.97. Werner Enterprises, Inc. has a 52-week low of $24.20 and a 52-week high of $39.15. 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 results on Thursday, October 19th. The transportation company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.01). The firm had revenue of $528.64 million for the quarter, compared to analysts’ expectations of $532.48 million. Werner Enterprises had a return on equity of 8.18% and a net margin of 4.04%. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.26 earnings per share. equities analysts expect that Werner Enterprises, Inc. will post 1.23 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Tuesday, January 2nd will be issued a dividend of $0.07 per share. The ex-dividend date is Friday, December 29th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.74%. Werner Enterprises’s dividend payout ratio (DPR) is presently 24.35%.
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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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