SG Americas Securities LLC Trims Holdings in Werner Enterprises, Inc. (WERN)

SG Americas Securities LLC trimmed its stake in Werner Enterprises, Inc. (NASDAQ:WERN) by 69.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,253 shares of the transportation company’s stock after selling 12,056 shares during the quarter. SG Americas Securities LLC’s holdings in Werner Enterprises were worth $192,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Crossmark Global Holdings Inc. acquired a new position in shares of Werner Enterprises during the third quarter valued at about $203,000. Rehmann Capital Advisory Group acquired a new position in shares of Werner Enterprises during the third quarter valued at about $233,000. Public Employees Retirement System of Ohio grew its holdings in shares of Werner Enterprises by 7.2% during the second quarter. Public Employees Retirement System of Ohio now owns 6,708 shares of the transportation company’s stock valued at $197,000 after buying an additional 451 shares during the last quarter. Royal Bank of Canada grew its holdings in shares of Werner Enterprises by 190.5% during the second quarter. Royal Bank of Canada now owns 7,430 shares of the transportation company’s stock valued at $218,000 after buying an additional 4,872 shares during the last quarter. Finally, Capstone Investment Advisors Netherlands B.V. acquired a new position in shares of Werner Enterprises during the second quarter valued at about $242,000. Institutional investors and hedge funds own 64.71% of the company’s stock.

A number of research analysts have recently issued reports on WERN shares. Zacks Investment Research cut shares of Werner Enterprises from a “buy” rating to a “hold” rating in a report on Wednesday, October 25th. Credit Suisse Group dropped their price target on shares of Werner Enterprises from $35.00 to $34.00 and set a “neutral” rating on the stock in a research report on Friday, October 20th. J P Morgan Chase & Co raised their price target on shares of Werner Enterprises from $26.00 to $35.00 and gave the company a “neutral” rating in a research report on Thursday, October 12th. Morgan Stanley raised their price target on shares of Werner Enterprises from $32.00 to $35.00 and gave the company an “overweight” rating in a research report on Friday, October 20th. Finally, Cowen lowered shares of Werner Enterprises from a “market perform” rating to an “underperform” rating in a research report on Monday, October 16th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $33.73.

Shares of Werner Enterprises, Inc. (WERN) opened at $39.65 on Friday. The company has a market cap of $2,821.14, a PE ratio of 33.91, a price-to-earnings-growth ratio of 2.18 and a beta of 0.97. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.78 and a quick ratio of 1.73. Werner Enterprises, Inc. has a 12-month low of $24.20 and a 12-month high of $39.85.

Werner Enterprises (NASDAQ:WERN) last announced its quarterly earnings data on Thursday, October 19th. The transportation company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.01). The company had revenue of $528.64 million during the quarter, compared to the consensus estimate of $532.48 million. Werner Enterprises had a return on equity of 8.18% and a net margin of 4.04%. The business’s revenue 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 forecast that Werner Enterprises, Inc. will post 1.23 EPS for the current 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 given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 0.71%. The ex-dividend date is Friday, December 29th. Werner Enterprises’s dividend payout ratio is 24.35%.

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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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