147,230 Shares in Werner Enterprises, Inc. $WERN Bought by Legal & General Group Plc

Legal & General Group Plc purchased a new stake in Werner Enterprises, Inc. (NASDAQ:WERN) in the second quarter, HoldingsChannel reports. The fund purchased 147,230 shares of the transportation company’s stock, valued at approximately $6,421,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Allworth Financial LP bought a new position in shares of Werner Enterprises during the 2nd quarter worth about $38,000. Global Retirement Partners LLC bought a new stake in shares of Werner Enterprises in the second quarter valued at about $45,000. PNC Financial Services Group Inc. grew its position in Werner Enterprises by 41.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,324 shares of the transportation company’s stock worth $70,000 after buying an additional 679 shares in the last quarter. Covestor Ltd grew its position in Werner Enterprises by 28.3% during the fourth quarter. Covestor Ltd now owns 3,261 shares of the transportation company’s stock worth $98,000 after buying an additional 719 shares in the last quarter. Finally, Bayforest Capital Ltd bought a new position in Werner Enterprises during the second quarter valued at about $128,000. 89.32% of the stock is currently owned by institutional investors and hedge funds.

Werner Enterprises Trading Up 0.1%

WERN stock opened at $37.88 on Thursday. The business has a fifty day moving average price of $40.70 and a 200 day moving average price of $37.06. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.45 and a quick ratio of 1.42. Werner Enterprises, Inc. has a fifty-two week low of $23.06 and a fifty-two week high of $47.49. The stock has a market capitalization of $2.27 billion, a price-to-earnings ratio of -49.84, a P/E/G ratio of 0.66 and a beta of 1.27.

Werner Enterprises (NASDAQ:WERN) last posted its quarterly earnings data on Tuesday, July 28th. The transportation company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.02). The business had revenue of $813.36 million during the quarter, compared to analyst estimates of $931.12 million. Werner Enterprises had a positive return on equity of 1.18% and a negative net margin of 1.42%.Werner Enterprises’s revenue for the quarter was up 24.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.11 EPS. Analysts expect that Werner Enterprises, Inc. will post 1.14 EPS for the current fiscal year.

Werner Enterprises Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 21st. Investors of record on Monday, October 5th will be given a dividend of $0.14 per share. The ex-dividend date is Monday, October 5th. This represents a $0.56 annualized dividend and a yield of 1.5%. Werner Enterprises’s dividend payout ratio is -73.68%.

Analysts Set New Price Targets

WERN has been the subject of a number of research reports. Robert W. Baird upgraded Werner Enterprises from a “neutral” rating to an “outperform” rating and set a $43.00 price objective for the company in a research report on Thursday, July 30th. Evercore upgraded Werner Enterprises from an “underperform” rating to an “in-line” rating in a research report on Wednesday, July 1st. Susquehanna upgraded Werner Enterprises from a “neutral” rating to a “positive” rating and cut their target price for the company from $48.00 to $44.00 in a research note on Thursday, July 30th. Stifel Nicolaus raised their target price on Werner Enterprises from $36.00 to $40.00 and gave the stock a “hold” rating in a research report on Monday, July 13th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Werner Enterprises from $37.00 to $39.00 and gave the stock an “underweight” rating in a research note on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $41.54.

Werner Enterprises Company Profile

Werner Enterprises, Inc, founded in 1956 by Clarence L. “Chris” Werner, is a leading transportation and logistics provider based in Omaha, Nebraska. The company began as a one?truck operation and has since grown into one of North America’s largest carriers, offering an array of services to support diverse supply chains.

Werner’s core business activities include full truckload dry van services, dedicated contract carriage, intermodal transport and brokerage solutions. The company also provides value-added services such as warehousing, freight management and fleet maintenance through its network of terminals and service centers.