Virginia Retirement Systems ET AL bought a new position in Werner Enterprises Inc. (NASDAQ:WERN) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 8,800 shares of the company’s stock, valued at approximately $202,000.
A number of other institutional investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its position in shares of Werner Enterprises by 15.7% in the second quarter. Dimensional Fund Advisors LP now owns 4,786,079 shares of the company’s stock valued at $109,935,000 after buying an additional 647,890 shares during the period. Vanguard Group Inc. raised its stake in Werner Enterprises by 3.6% in the second quarter. Vanguard Group Inc. now owns 3,141,200 shares of the company’s stock valued at $72,154,000 after buying an additional 109,578 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Werner Enterprises by 102.1% in the second quarter. Bank of New York Mellon Corp now owns 2,165,829 shares of the company’s stock valued at $49,749,000 after buying an additional 1,094,336 shares in the last quarter. State Street Corp raised its stake in Werner Enterprises by 1.8% in the first quarter. State Street Corp now owns 1,627,683 shares of the company’s stock valued at $44,204,000 after buying an additional 29,248 shares in the last quarter. Finally, American Century Companies Inc. bought a new stake in Werner Enterprises during the second quarter valued at approximately $20,376,000. Institutional investors and hedge funds own 64.80% of the company’s stock.
Shares of Werner Enterprises Inc. (NASDAQ:WERN) opened at 23.88 on Wednesday. The company’s 50 day moving average price is $23.44 and its 200-day moving average price is $24.40. Werner Enterprises Inc. has a 12 month low of $20.91 and a 12 month high of $28.80. The firm has a market capitalization of $1.72 billion, a P/E ratio of 16.12 and a beta of 0.81.
Werner Enterprises (NASDAQ:WERN) last announced its quarterly earnings data on Thursday, July 21st. The company reported $0.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.02. Werner Enterprises had a return on equity of 11.42% and a net margin of 5.24%. The firm had revenue of $498.68 million for the quarter, compared to analyst estimates of $499.50 million. During the same quarter in the prior year, the company posted $0.44 earnings per share. On average, equities analysts predict that Werner Enterprises Inc. will post $1.12 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 18th. Investors of record on Monday, October 3rd will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date is Thursday, September 29th. Werner Enterprises’s dividend payout ratio is presently 16.22%.
WERN has been the topic of several recent research reports. Deutsche Bank AG set a $23.00 price objective on Werner Enterprises and gave the stock a “hold” rating in a research report on Monday, July 25th. Zacks Investment Research upgraded Werner Enterprises from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 24th. Cowen and Company decreased their price objective on Werner Enterprises from $28.00 to $23.00 and set a “market perform” rating on the stock in a report on Tuesday, June 21st. Citigroup Inc. decreased their price objective on Werner Enterprises from $25.00 to $24.00 and set a “neutral” rating on the stock in a report on Monday, July 11th. Finally, Barclays PLC restated a “hold” rating and issued a $23.00 price objective (down previously from $28.00) on shares of Werner Enterprises in a report on Tuesday, June 21st. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $27.06.
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. The Company operates through two segments: Truckload Transportation Services (Truckload) and Value Added Services (VAS).
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