Capital Fund Management S.A. acquired a new position in shares of Werner Enterprises Inc. (NASDAQ:WERN) during the second quarter, Holdings Channel reports. The fund acquired 104,000 shares of the company’s stock, valued at approximately $2,389,000.
Other large investors have also recently made changes to their positions in the company. M&T Bank Corp bought a new stake in shares of Werner Enterprises during the first quarter valued at $200,000. Stoneridge Investment Partners LLC bought a new stake in shares of Werner Enterprises during the second quarter valued at $260,000. Pacad Investment Ltd. bought a new stake in shares of Werner Enterprises during the first quarter valued at $295,000. Creative Planning boosted its stake in shares of Werner Enterprises by 1.2% in the second quarter. Creative Planning now owns 16,500 shares of the company’s stock valued at $379,000 after buying an additional 200 shares in the last quarter. Finally, BlackRock Inc. boosted its stake in shares of Werner Enterprises by 10.4% in the first quarter. BlackRock Inc. now owns 17,520 shares of the company’s stock valued at $476,000 after buying an additional 1,652 shares in the last quarter. Institutional investors and hedge funds own 64.80% of the company’s stock.
Shares of Werner Enterprises Inc. (NASDAQ:WERN) traded up 0.76% during trading on Wednesday, hitting $23.76. The company had a trading volume of 814,550 shares. The company has a market capitalization of $1.71 billion, a P/E ratio of 16.04 and a beta of 0.81. Werner Enterprises Inc. has a 52 week low of $20.91 and a 52 week high of $28.80. The stock’s 50-day moving average price is $23.41 and its 200 day moving average price is $24.50.
Werner Enterprises (NASDAQ:WERN) last released its quarterly earnings data on Thursday, July 21st. The company reported $0.25 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.02. Werner Enterprises had a return on equity of 11.42% and a net margin of 5.24%. The business had revenue of $498.68 million for the quarter, compared to the consensus estimate of $499.50 million. During the same quarter in the previous year, the company posted $0.44 EPS. On average, equities research analysts forecast that Werner Enterprises Inc. will post $1.13 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 18th. Shareholders of record on Monday, October 3rd will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date is Thursday, September 29th. Werner Enterprises’s payout ratio is 16.22%.
Several equities research analysts have recently weighed in on the company. Susquehanna reiterated a “neutral” rating on shares of Werner Enterprises in a research report on Wednesday, June 22nd. TheStreet cut Werner Enterprises from a “buy” rating to a “hold” rating in a research report on Wednesday, June 29th. Zacks Investment Research cut Werner Enterprises from a “hold” rating to a “sell” rating in a research report on Tuesday, September 27th. Royal Bank Of Canada decreased their price objective on shares of Werner Enterprises from $32.00 to $28.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 21st. Finally, Cowen and Company upped their price objective on shares of Werner Enterprises from $23.00 to $24.00 and gave the stock a “market perform” rating in a research report on Friday, July 22nd. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. Werner Enterprises has a consensus rating of “Hold” and an average target price of $27.06.
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. The Company operates through two segments: Truckload Transportation Services (Truckload) and Value Added Services (VAS).
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