Werner Enterprises, Inc. $WERN Position Trimmed by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC trimmed its holdings in shares of Werner Enterprises, Inc. (NASDAQ:WERN) by 8.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 13,518 shares of the transportation company’s stock after selling 1,264 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Werner Enterprises were worth $370,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Brooklyn Investment Group grew its position in shares of Werner Enterprises by 163.5% during the 1st quarter. Brooklyn Investment Group now owns 959 shares of the transportation company’s stock valued at $28,000 after buying an additional 595 shares during the last quarter. Fifth Third Bancorp boosted its stake in Werner Enterprises by 306.9% in the second quarter. Fifth Third Bancorp now owns 1,294 shares of the transportation company’s stock valued at $35,000 after acquiring an additional 976 shares during the period. GAMMA Investing LLC grew its holdings in shares of Werner Enterprises by 413.1% during the second quarter. GAMMA Investing LLC now owns 2,191 shares of the transportation company’s stock valued at $60,000 after purchasing an additional 1,764 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of Werner Enterprises by 15.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,937 shares of the transportation company’s stock worth $86,000 after purchasing an additional 402 shares during the period. Finally, QRG Capital Management Inc. acquired a new stake in shares of Werner Enterprises during the 2nd quarter worth approximately $225,000. 89.32% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

WERN has been the subject of a number of analyst reports. Weiss Ratings lowered Werner Enterprises from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, October 8th. Citigroup reduced their price target on shares of Werner Enterprises from $30.00 to $29.00 and set a “neutral” rating for the company in a report on Monday, October 13th. Bank of America dropped their price objective on shares of Werner Enterprises from $27.00 to $26.00 and set an “underperform” rating on the stock in a report on Wednesday, September 10th. Robert W. Baird assumed coverage on shares of Werner Enterprises in a research report on Tuesday, July 1st. They issued an “underperform” rating and a $25.00 price objective on the stock. Finally, JPMorgan Chase & Co. decreased their target price on shares of Werner Enterprises from $29.00 to $24.00 and set an “underweight” rating for the company in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating, seven have issued a Hold rating and seven have assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $27.57.

Werner Enterprises Stock Performance

WERN stock opened at $27.36 on Friday. The company has a 50-day simple moving average of $27.81 and a 200 day simple moving average of $27.66. The company has a market capitalization of $1.64 billion, a P/E ratio of 31.81, a PEG ratio of 1.68 and a beta of 1.06. The company has a quick ratio of 1.63, a current ratio of 1.67 and a debt-to-equity ratio of 0.51. Werner Enterprises, Inc. has a fifty-two week low of $23.02 and a fifty-two week high of $42.48.

Werner Enterprises (NASDAQ:WERN) last released its quarterly earnings results on Tuesday, July 29th. The transportation company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.06. The company had revenue of $753.15 million for the quarter, compared to the consensus estimate of $736.09 million. Werner Enterprises had a net margin of 1.77% and a return on equity of 0.92%. Werner Enterprises’s revenue was down 1.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.17 EPS. Sell-side analysts predict that Werner Enterprises, Inc. will post 1.27 earnings per share for the current fiscal year.

Werner Enterprises announced that its Board of Directors has authorized a stock buyback plan on Monday, August 11th that permits the company to repurchase 5,000,000 shares. This repurchase authorization permits the transportation company to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

Werner Enterprises Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 22nd. Shareholders of record on Monday, October 6th were given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date was Monday, October 6th. Werner Enterprises’s dividend payout ratio is 65.12%.

Werner Enterprises Company Profile

Werner Enterprises, Inc, together with its subsidiaries, engages in transporting truckload shipments of general commodities in interstate and intrastate commerce in the United States, Mexico, and internationally. The company operates through two segments, Truckload Transportation Services and Werner Logistics.