California Public Employees Retirement System lowered its holdings in Werner Enterprises (NASDAQ:WERN) by 10.5% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 150,065 shares of the transportation company’s stock after selling 17,632 shares during the period. California Public Employees Retirement System owned approximately 0.21% of Werner Enterprises worth $5,477,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in the business. Cavalier Investments LLC purchased a new stake in shares of Werner Enterprises in the 1st quarter valued at about $464,000. JPMorgan Chase & Co. increased its position in shares of Werner Enterprises by 41.8% during the 1st quarter. JPMorgan Chase & Co. now owns 71,203 shares of the transportation company’s stock valued at $2,600,000 after purchasing an additional 20,987 shares during the last quarter. Personal Capital Advisors Corp increased its position in shares of Werner Enterprises by 26.0% during the 1st quarter. Personal Capital Advisors Corp now owns 53,135 shares of the transportation company’s stock valued at $1,939,000 after purchasing an additional 10,969 shares during the last quarter. Optimum Investment Advisors increased its position in shares of Werner Enterprises by 42.6% during the 1st quarter. Optimum Investment Advisors now owns 16,400 shares of the transportation company’s stock valued at $599,000 after purchasing an additional 4,900 shares during the last quarter. Finally, BlackRock Inc. increased its position in shares of Werner Enterprises by 2.8% during the 1st quarter. BlackRock Inc. now owns 5,367,619 shares of the transportation company’s stock valued at $195,916,000 after purchasing an additional 145,256 shares during the last quarter. 68.38% of the stock is currently owned by hedge funds and other institutional investors.
In other Werner Enterprises news, Director Diane K. Duren acquired 7,000 shares of the company’s stock in a transaction on Tuesday, April 24th. The stock was acquired at an average price of $36.19 per share, for a total transaction of $253,330.00. Following the acquisition, the director now owns 8,934 shares in the company, valued at approximately $323,321.46. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 34.50% of the company’s stock.
Werner Enterprises opened at $38.00 on Tuesday, according to Marketbeat.com. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.89 and a current ratio of 1.94. Werner Enterprises has a 1 year low of $28.55 and a 1 year high of $43.95. The company has a market cap of $2.88 billion, a P/E ratio of 29.92, a P/E/G ratio of 1.36 and a beta of 1.01.
Werner Enterprises (NASDAQ:WERN) last released its quarterly earnings data on Thursday, April 19th. The transportation company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.02. Werner Enterprises had a return on equity of 9.30% and a net margin of 9.86%. The business had revenue of $562.68 million during the quarter, compared to analysts’ expectations of $553.72 million. During the same quarter last year, the business posted $0.22 EPS. The business’s revenue was up 12.3% on a year-over-year basis. research analysts forecast that Werner Enterprises will post 2.01 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 17th. Shareholders of record on Monday, July 2nd will be issued a $0.09 dividend. The ex-dividend date is Friday, June 29th. This represents a $0.36 annualized dividend and a yield of 0.95%. This is a boost from Werner Enterprises’s previous quarterly dividend of $0.07. Werner Enterprises’s dividend payout ratio (DPR) is 22.05%.
Several brokerages have recently commented on WERN. Robert W. Baird increased their price objective on Werner Enterprises from $43.00 to $46.00 and gave the company a “hold” rating in a research report on Monday, March 19th. Zacks Investment Research lowered Werner Enterprises from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 14th. Stifel Nicolaus began coverage on Werner Enterprises in a research report on Friday, April 6th. They set a “buy” rating and a $43.00 price objective on the stock. BidaskClub lowered Werner Enterprises from a “buy” rating to a “hold” rating in a research report on Tuesday, April 10th. Finally, ValuEngine lowered Werner Enterprises from a “buy” rating to a “hold” rating in a research report on Tuesday, June 5th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $41.43.
Werner Enterprises Company Profile
Werner Enterprises, Inc, a transportation and logistics company, engages in transporting truckload shipments of general commodities in interstate and intrastate commerce in the United States, Mexico, Canada, China, and Australia. It operates through two segments, Truckload Transportation Services and Werner Logistics.
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