Werner Enterprises, Inc. (WERN) Holdings Cut by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. trimmed its holdings in shares of Werner Enterprises, Inc. (NASDAQ:WERN) by 2.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 59,264 shares of the transportation company’s stock after selling 1,637 shares during the period. Envestnet Asset Management Inc. owned 0.08% of Werner Enterprises worth $2,166,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Public Employees Retirement System of Ohio lifted its holdings in Werner Enterprises by 7.2% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 6,708 shares of the transportation company’s stock worth $197,000 after buying an additional 451 shares during the last quarter. ING Groep NV purchased a new stake in Werner Enterprises during the 3rd quarter worth about $201,000. Crossmark Global Holdings Inc. purchased a new stake in Werner Enterprises during the 3rd quarter worth about $203,000. Royal Bank of Canada lifted its holdings in Werner Enterprises by 190.5% during 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. Finally, Rehmann Capital Advisory Group purchased a new stake in Werner Enterprises during the 3rd quarter worth about $233,000. 64.78% of the stock is owned by institutional investors.

Shares of Werner Enterprises, Inc. (NASDAQ WERN) opened at $38.35 on Friday. Werner Enterprises, Inc. has a fifty-two week low of $24.20 and a fifty-two week high of $39.15. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.78 and a quick ratio of 1.73. The firm has a market capitalization of $2,799.44, a PE ratio of 33.65, a PEG ratio of 2.17 and a beta of 0.97.

Werner Enterprises (NASDAQ:WERN) last posted its earnings results on Thursday, October 19th. The transportation company reported $0.31 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.01). Werner Enterprises had a net margin of 4.04% and a return on equity of 8.18%. The firm had revenue of $528.64 million during the quarter, compared to analysts’ expectations of $532.48 million. During the same period in the previous year, the firm posted $0.26 earnings per share. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. analysts anticipate that Werner Enterprises, Inc. will post 1.23 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Tuesday, January 2nd will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend is Friday, December 29th. Werner Enterprises’s dividend payout ratio is presently 24.35%.

WERN has been the subject of a number of recent analyst reports. Buckingham Research initiated coverage on Werner Enterprises in a report on Monday, August 21st. They set a “buy” rating and a $36.00 price target for the company. Wells Fargo & Company lifted their price target on Werner Enterprises from $29.00 to $35.00 and gave the stock a “market perform” rating in a report on Friday, October 20th. Credit Suisse Group decreased their price target on Werner Enterprises from $35.00 to $34.00 and set a “neutral” rating for the company in a report on Friday, October 20th. Stifel Nicolaus reaffirmed a “hold” rating and set a $36.00 price target on shares of Werner Enterprises in a report on Sunday, October 1st. Finally, Cowen downgraded Werner Enterprises from a “market perform” rating to an “underperform” rating in a report on Monday, October 16th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Werner Enterprises currently has a consensus rating of “Hold” and an average target price of $33.73.

In other Werner Enterprises news, CEO Derek J. Leathers sold 17,500 shares of the company’s stock in a transaction that occurred on Wednesday, September 20th. The stock was 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 directly 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 SEC, which can be accessed through this hyperlink. 34.70% of the stock is owned by corporate insiders.

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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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