American International Group Inc. grew its holdings in Werner Enterprises, Inc. (NASDAQ:WERN) by 2.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 123,648 shares of the transportation company’s stock after purchasing an additional 3,472 shares during the quarter. American International Group Inc. owned approximately 0.17% of Werner Enterprises worth $4,519,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of WERN. LS Investment Advisors LLC raised its holdings in shares of Werner Enterprises by 17.2% in the 2nd 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 in the last quarter. Public Employees Retirement System of Ohio grew its position in shares of 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 during the last quarter. ING Groep NV purchased a new position in shares of Werner Enterprises in the 3rd quarter worth approximately $201,000. Crossmark Global Holdings Inc. purchased a new position in shares of Werner Enterprises in the 3rd quarter worth approximately $203,000. Finally, Royal Bank of Canada grew its position in shares of Werner Enterprises by 190.5% in the 2nd quarter. Royal Bank of Canada now owns 7,430 shares of the transportation company’s stock worth $218,000 after buying an additional 4,872 shares during the last quarter. Institutional investors and hedge funds own 64.78% of the company’s stock.
WERN has been the topic of a number of analyst reports. Deutsche Bank reaffirmed a “hold” rating and issued a $32.00 price objective (up previously from $25.00) on shares of Werner Enterprises in a research report on Wednesday, August 9th. Stephens raised shares of Werner Enterprises from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $30.00 to $36.00 in a research report on Monday, August 14th. BidaskClub raised shares of Werner Enterprises from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 16th. Buckingham Research initiated coverage on shares of Werner Enterprises in a research report on Monday, August 21st. They issued a “buy” rating and a $36.00 price objective on the stock. Finally, Zacks Investment Research raised shares of Werner Enterprises from a “hold” rating to a “buy” rating and set a $35.00 price objective on the stock in a research report on Wednesday, August 23rd. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Werner Enterprises has a consensus rating of “Hold” and an average price target of $33.73.
Werner Enterprises (NASDAQ:WERN) last released its earnings results 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). The company 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 firm’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.26 EPS. equities analysts expect that Werner Enterprises, Inc. will post 1.23 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Tuesday, January 2nd will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.76%. The ex-dividend date of this dividend is Friday, December 29th. Werner Enterprises’s dividend payout ratio (DPR) is currently 24.35%.
In other news, CEO Derek J. Leathers sold 17,500 shares of the company’s stock in a transaction on Wednesday, September 20th. The shares were sold at an average price of $35.26, for a total value of $617,050.00. Following the sale, the chief executive officer now directly owns 211,280 shares of the company’s stock, valued at approximately $7,449,732.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 34.70% of the stock is owned by corporate insiders.
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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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