Stevens Capital Management LP Invests $657,000 in Werner Enterprises, Inc. (WERN) Stock

Stevens Capital Management LP acquired a new position in shares of Werner Enterprises, Inc. (NASDAQ:WERN) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 17,985 shares of the transportation company’s stock, valued at approximately $657,000.

Several other large investors also recently bought and sold shares of WERN. UBS Asset Management Americas Inc. lifted its stake in shares of Werner Enterprises by 18.6% during the first quarter. UBS Asset Management Americas Inc. now owns 20,403 shares of the transportation company’s stock worth $535,000 after buying an additional 3,200 shares during the period. Teachers Advisors LLC lifted its stake in shares of Werner Enterprises by 3.7% during the first quarter. Teachers Advisors LLC now owns 75,149 shares of the transportation company’s stock worth $1,969,000 after buying an additional 2,716 shares during the period. Legal & General Group Plc lifted its stake in shares of Werner Enterprises by 22.2% during the first quarter. Legal & General Group Plc now owns 30,693 shares of the transportation company’s stock worth $803,000 after buying an additional 5,569 shares during the period. Thrivent Financial For Lutherans lifted its stake in shares of Werner Enterprises by 11.5% during the first quarter. Thrivent Financial For Lutherans now owns 8,530 shares of the transportation company’s stock worth $223,000 after buying an additional 880 shares during the period. Finally, Vanguard Group Inc. lifted its stake in shares of Werner Enterprises by 7.1% during the first quarter. Vanguard Group Inc. now owns 3,644,333 shares of the transportation company’s stock worth $95,481,000 after buying an additional 242,284 shares during the period. Institutional investors and hedge funds own 64.17% of the company’s stock.

Werner Enterprises, Inc. (WERN) opened at $34.10 on Friday. The stock has a market cap of $2,434.14, a price-to-earnings ratio of 29.26, a P/E/G ratio of 1.88 and a beta of 0.96. Werner Enterprises, Inc. has a 1 year low of $24.20 and a 1 year high of $37.20. The company has a current ratio of 1.78, a quick ratio of 1.73 and a debt-to-equity ratio of 0.07.

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

The company 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. The ex-dividend date is Friday, December 29th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.82%. Werner Enterprises’s dividend payout ratio (DPR) is currently 24.35%.

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Several equities research analysts have recently commented on WERN shares. Bank of America Corporation upgraded shares of Werner Enterprises from an “underperform” rating to a “neutral” rating and lifted their price objective for the stock from $30.00 to $32.00 in a research note on Tuesday, July 25th. Cowen and Company lifted their price objective on shares of Werner Enterprises from $27.00 to $31.00 and gave the stock a “market perform” rating in a research note on Tuesday, July 25th. Stifel Nicolaus reiterated a “hold” rating and set a $29.00 price objective (up from $26.00) on shares of Werner Enterprises in a research note on Tuesday, July 25th. Morgan Stanley reiterated an “overweight” rating and set a $32.00 price objective (up from $30.00) on shares of Werner Enterprises in a research note on Tuesday, July 25th. Finally, Zacks Investment Research upgraded shares of Werner Enterprises from a “hold” rating to a “buy” rating and set a $35.00 price objective for the company in a research note on Friday, July 28th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Werner Enterprises currently has an average rating of “Hold” and a consensus price target of $33.73.

In other Werner Enterprises news, CEO Derek J. Leathers sold 17,500 shares of the company’s stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $35.26, for a total value of $617,050.00. Following the completion of the transaction, the chief executive officer now owns 211,280 shares in the company, valued at $7,449,732.80. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 34.70% of the company’s stock.

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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