Werner Enterprises, Inc. (WERN) Holdings Reduced by California Public Employees Retirement System

California Public Employees Retirement System trimmed its holdings in shares of Werner Enterprises, Inc. (NASDAQ:WERN) by 5.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 158,700 shares of the transportation company’s stock after selling 9,100 shares during the period. California Public Employees Retirement System owned approximately 0.22% of Werner Enterprises worth $4,658,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of WERN. LS Investment Advisors LLC boosted its stake in Werner Enterprises by 17.2% during 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 during the last quarter. Advantus Capital Management Inc boosted its stake in Werner Enterprises by 3.2% during the 1st quarter. Advantus Capital Management Inc now owns 5,730 shares of the transportation company’s stock valued at $150,000 after purchasing an additional 178 shares during the last quarter. Public Employees Retirement System of Ohio boosted its stake in Werner Enterprises by 2.7% during the 1st quarter. Public Employees Retirement System of Ohio now owns 6,257 shares of the transportation company’s stock valued at $164,000 after purchasing an additional 163 shares during the last quarter. Thrivent Financial For Lutherans boosted its stake in Werner Enterprises by 11.5% during the 1st quarter. Thrivent Financial For Lutherans now owns 8,530 shares of the transportation company’s stock valued at $223,000 after purchasing an additional 880 shares during the last quarter. Finally, Citigroup Inc. boosted its stake in Werner Enterprises by 251.8% during the 2nd quarter. Citigroup Inc. now owns 10,145 shares of the transportation company’s stock valued at $298,000 after purchasing an additional 7,261 shares during the last quarter. Institutional investors and hedge funds own 64.10% of the company’s stock.

WERN has been the topic of several recent analyst reports. Buckingham Research initiated coverage on Werner Enterprises in a research note on Monday, August 21st. They set a “buy” rating and a $36.00 target price on the stock. Cowen and Company increased their target price on Werner Enterprises from $27.00 to $31.00 and gave the company a “market perform” rating in a research note on Tuesday, July 25th. Deutsche Bank AG reiterated a “hold” rating and set a $32.00 target price (up from $25.00) on shares of Werner Enterprises in a research note on Wednesday, August 9th. BidaskClub upgraded Werner Enterprises from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 30th. Finally, Robert W. Baird reiterated a “hold” rating and set a $38.00 target price on shares of Werner Enterprises in a research note on Friday, October 6th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Werner Enterprises currently has an average rating of “Hold” and an average price target of $33.73.

In other Werner Enterprises news, CEO Derek J. Leathers sold 12,756 shares of the company’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $30.00, for a total value of $382,680.00. Following the sale, the chief executive officer now directly owns 241,536 shares of the company’s stock, valued at $7,246,080. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Jim S. Schelble sold 7,500 shares of the company’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $30.17, for a total transaction of $226,275.00. Following the completion of the sale, the vice president now directly owns 55,306 shares in the company, valued at $1,668,582.02. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 50,000 shares of company stock worth $1,593,570. 34.70% of the stock is owned by corporate insiders.

COPYRIGHT VIOLATION WARNING: “Werner Enterprises, Inc. (WERN) Holdings Reduced by California Public Employees Retirement System” was reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this story on another site, it was copied illegally and reposted in violation of U.S. and international trademark & copyright laws. The legal version of this story can be read at https://ledgergazette.com/2017/10/21/werner-enterprises-inc-wern-holdings-reduced-by-california-public-employees-retirement-system.html.

Werner Enterprises, Inc. (NASDAQ:WERN) opened at 35.65 on Friday. The company has a 50-day moving average price of $35.06 and a 200-day moving average price of $30.16. The company has a market capitalization of $2.58 billion, a PE ratio of 32.41 and a beta of 0.90. Werner Enterprises, Inc. has a one year low of $23.20 and a one year high of $37.20.

Werner Enterprises (NASDAQ:WERN) last posted its quarterly earnings results on Thursday, October 19th. The transportation company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.01). Werner Enterprises had a net margin of 4.04% and a return on equity of 8.26%. The business had revenue of $528.64 million during the quarter, compared to analysts’ expectations of

A number of other institutional investors and hedge funds have also modified their holdings of WERN. LS Investment Advisors LLC boosted its stake in Werner Enterprises by 17.2% during 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 during the last quarter. Advantus Capital Management Inc boosted its stake in Werner Enterprises by 3.2% during the 1st quarter. Advantus Capital Management Inc now owns 5,730 shares of the transportation company’s stock valued at $150,000 after purchasing an additional 178 shares during the last quarter. Public Employees Retirement System of Ohio boosted its stake in Werner Enterprises by 2.7% during the 1st quarter. Public Employees Retirement System of Ohio now owns 6,257 shares of the transportation company’s stock valued at $164,000 after purchasing an additional 163 shares during the last quarter. Thrivent Financial For Lutherans boosted its stake in Werner Enterprises by 11.5% during the 1st quarter. Thrivent Financial For Lutherans now owns 8,530 shares of the transportation company’s stock valued at $223,000 after purchasing an additional 880 shares during the last quarter. Finally, Citigroup Inc. boosted its stake in Werner Enterprises by 251.8% during the 2nd quarter. Citigroup Inc. now owns 10,145 shares of the transportation company’s stock valued at $298,000 after purchasing an additional 7,261 shares during the last quarter. Institutional investors and hedge funds own 64.10% of the company’s stock.

WERN has been the topic of several recent analyst reports. Buckingham Research initiated coverage on Werner Enterprises in a research note on Monday, August 21st. They set a “buy” rating and a $36.00 target price on the stock. Cowen and Company increased their target price on Werner Enterprises from $27.00 to $31.00 and gave the company a “market perform” rating in a research note on Tuesday, July 25th. Deutsche Bank AG reiterated a “hold” rating and set a $32.00 target price (up from $25.00) on shares of Werner Enterprises in a research note on Wednesday, August 9th. BidaskClub upgraded Werner Enterprises from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 30th. Finally, Robert W. Baird reiterated a “hold” rating and set a $38.00 target price on shares of Werner Enterprises in a research note on Friday, October 6th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Werner Enterprises currently has an average rating of “Hold” and an average price target of $33.73.

In other Werner Enterprises news, CEO Derek J. Leathers sold 12,756 shares of the company’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $30.00, for a total value of $382,680.00. Following the sale, the chief executive officer now directly owns 241,536 shares of the company’s stock, valued at $7,246,080. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Jim S. Schelble sold 7,500 shares of the company’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $30.17, for a total transaction of $226,275.00. Following the completion of the sale, the vice president now directly owns 55,306 shares in the company, valued at $1,668,582.02. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 50,000 shares of company stock worth $1,593,570. 34.70% of the stock is owned by corporate insiders.

COPYRIGHT VIOLATION WARNING: “Werner Enterprises, Inc. (WERN) Holdings Reduced by California Public Employees Retirement System” was reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this story on another site, it was copied illegally and reposted in violation of U.S. and international trademark & copyright laws. The legal version of this story can be read at https://ledgergazette.com/2017/10/21/werner-enterprises-inc-wern-holdings-reduced-by-california-public-employees-retirement-system.html.

Werner Enterprises, Inc. (NASDAQ:WERN) opened at 35.65 on Friday. The company has a 50-day moving average price of $35.06 and a 200-day moving average price of $30.16. The company has a market capitalization of $2.58 billion, a PE ratio of 32.41 and a beta of 0.90. Werner Enterprises, Inc. has a one year low of $23.20 and a one year high of $37.20.

Werner Enterprises (NASDAQ:WERN) last posted its quarterly earnings results on Thursday, October 19th. The transportation company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.01). Werner Enterprises had a net margin of 4.04% and a return on equity of 8.26%. The business 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 company posted $0.26 earnings per share. Werner Enterprises’s revenue for the quarter was up 3.9% compared to the same quarter last year. Analysts expect that Werner Enterprises, Inc. will post $1.24 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 17th. Shareholders of record on Monday, October 2nd were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 0.79%. The ex-dividend date of this dividend was Friday, September 29th. Werner Enterprises’s payout ratio is 24.35%.

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.

Institutional Ownership by Quarter for Werner Enterprises (NASDAQ:WERN)

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