Werner Enterprises, Inc. (WERN) Position Boosted by Voya Investment Management LLC

Voya Investment Management LLC increased its holdings in Werner Enterprises, Inc. (NASDAQ:WERN) by 33.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,632 shares of the transportation company’s stock after buying an additional 5,448 shares during the quarter. Voya Investment Management LLC’s holdings in Werner Enterprises were worth $635,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. LS Investment Advisors LLC grew its holdings in Werner Enterprises by 17.2% in the 2nd quarter. LS Investment Advisors LLC now owns 3,636 shares of the transportation company’s stock worth $107,000 after buying an additional 533 shares in the last quarter. Public Employees Retirement System of Ohio grew its holdings in Werner Enterprises by 2.7% in the 1st quarter. Public Employees Retirement System of Ohio now owns 6,257 shares of the transportation company’s stock worth $164,000 after buying an additional 163 shares in the last quarter. Thrivent Financial For Lutherans grew its holdings in Werner Enterprises by 11.5% in the 1st quarter. Thrivent Financial For Lutherans now owns 8,530 shares of the transportation company’s stock worth $223,000 after buying an additional 880 shares in the last quarter. Citigroup Inc. grew its holdings in Werner Enterprises by 251.8% in the 2nd quarter. Citigroup Inc. now owns 10,145 shares of the transportation company’s stock worth $298,000 after buying an additional 7,261 shares in the last quarter. Finally, Louisiana State Employees Retirement System grew its holdings in Werner Enterprises by 3.5% in the 2nd quarter. Louisiana State Employees Retirement System now owns 11,700 shares of the transportation company’s stock worth $343,000 after buying an additional 400 shares in the last quarter. 64.64% of the stock is owned by institutional investors and hedge funds.

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

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 17th. Shareholders of record on Monday, October 2nd were issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date of this dividend was Friday, September 29th. Werner Enterprises’s dividend payout ratio is presently 24.35%.

In other Werner Enterprises news, CEO Derek J. Leathers sold 17,500 shares of Werner Enterprises stock in a transaction 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 completion of the sale, the chief executive officer now owns 211,280 shares of the company’s stock, valued at approximately $7,449,732.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 34.70% of the stock is currently owned by insiders.

A number of brokerages recently issued reports on WERN. Stifel Nicolaus reissued a “hold” rating and issued a $36.00 price objective on shares of Werner Enterprises in a report on Sunday, October 1st. Barclays PLC increased their price objective on Werner Enterprises from $25.00 to $32.00 and gave the stock an “equal weight” rating in a report on Monday, October 2nd. Robert W. Baird reissued a “hold” rating and issued a $38.00 price objective on shares of Werner Enterprises in a report on Friday, October 6th. J P Morgan Chase & Co increased their price objective on Werner Enterprises from $26.00 to $35.00 and gave the stock a “neutral” rating in a report on Thursday, October 12th. Finally, Wells Fargo & Company increased their price objective on Werner Enterprises from $29.00 to $35.00 and gave the stock a “market perform” rating in a report on Friday, October 20th. Three analysts have rated the stock with a sell rating, eleven have issued 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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Werner Enterprises Profile

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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