Werner Enterprises, Inc. (WERN) Shares Sold by Vident Investment Advisory LLC

Vident Investment Advisory LLC cut its position in shares of Werner Enterprises, Inc. (NASDAQ:WERN) by 9.1% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 89,766 shares of the transportation company’s stock after selling 8,942 shares during the period. Vident Investment Advisory LLC owned about 0.12% of Werner Enterprises worth $2,352,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in WERN. American International Group Inc. boosted its stake in shares of Werner Enterprises by 4.7% in the first quarter. American International Group Inc. now owns 115,795 shares of the transportation company’s stock worth $3,034,000 after buying an additional 5,197 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of Werner Enterprises by 2.4% in the first quarter. Victory Capital Management Inc. now owns 1,976,570 shares of the transportation company’s stock worth $51,786,000 after buying an additional 45,801 shares in the last quarter. Prudential Financial Inc. boosted its stake in shares of Werner Enterprises by 6.5% in the first quarter. Prudential Financial Inc. now owns 30,005 shares of the transportation company’s stock worth $786,000 after buying an additional 1,820 shares in the last quarter. Mason Street Advisors LLC boosted its stake in shares of Werner Enterprises by 1.4% in the first quarter. Mason Street Advisors LLC now owns 21,145 shares of the transportation company’s stock worth $554,000 after buying an additional 293 shares in the last quarter. Finally, Great Lakes Advisors LLC boosted its stake in shares of Werner Enterprises by 1.3% in the first quarter. Great Lakes Advisors LLC now owns 176,418 shares of the transportation company’s stock worth $4,622,000 after buying an additional 2,255 shares in the last quarter. Institutional investors and hedge funds own 66.82% of the company’s stock.

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

Shares of Werner Enterprises, Inc. (NASDAQ WERN) traded down 1.53% on Friday, hitting $29.00. The stock had a trading volume of 858,164 shares. The stock has a market capitalization of $2.09 billion, a P/E ratio of 28.16 and a beta of 0.86. The firm has a 50-day moving average price of $27.34 and a 200-day moving average price of $27.18. Werner Enterprises, Inc. has a 52 week low of $21.35 and a 52 week high of $30.20.

Werner Enterprises (NASDAQ:WERN) last issued its earnings results on Thursday, April 20th. The transportation company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.02. The company had revenue of $501.22 million for the quarter, compared to the consensus estimate of $491.97 million. Werner Enterprises had a return on equity of 7.61% and a net margin of 3.70%. The firm’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter last year, the company earned $0.28 EPS. Equities analysts expect that Werner Enterprises, Inc. will post $1.14 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 18th. Investors of record on Wednesday, July 5th will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 0.97%. The ex-dividend date of this dividend is Friday, June 30th. This is an increase from Werner Enterprises’s previous quarterly dividend of $0.06. Werner Enterprises’s dividend payout ratio (DPR) is 23.30%.

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A number of equities research analysts recently issued reports on the company. TheStreet cut Werner Enterprises from a “b” rating to a “c+” rating in a research note on Friday, May 19th. Zacks Investment Research upgraded Werner Enterprises from a “sell” rating to a “hold” rating in a research note on Tuesday, April 25th. Deutsche Bank AG restated a “hold” rating and issued a $25.00 price objective (down from $31.00) on shares of Werner Enterprises in a research note on Sunday, April 23rd. Vertical Research began coverage on Werner Enterprises in a report on Thursday, April 13th. They set a “sell” rating and a $24.00 target price for the company. Finally, Barclays PLC reduced their target price on Werner Enterprises from $30.00 to $25.00 and set an “equal weight” rating for the company in a report on Monday, March 27th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the company. Werner Enterprises presently has an average rating of “Hold” and a consensus price target of $25.30.

Werner Enterprises Company 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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