Werner Enterprises, Inc. $WERN Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP trimmed its stake in Werner Enterprises, Inc. (NASDAQ:WERN) by 57.9% during the second quarter, HoldingsChannel reports. The institutional investor owned 821,046 shares of the transportation company’s stock after selling 1,131,093 shares during the period. Wellington Management Group LLP’s holdings in Werner Enterprises were worth $35,806,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WERN. Royal Bank of Canada lifted its position in Werner Enterprises by 33.8% in the first quarter. Royal Bank of Canada now owns 21,660 shares of the transportation company’s stock valued at $635,000 after acquiring an additional 5,473 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Werner Enterprises by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 36,697 shares of the transportation company’s stock worth $1,075,000 after purchasing an additional 1,598 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Werner Enterprises by 0.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 126,854 shares of the transportation company’s stock worth $3,717,000 after purchasing an additional 401 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Werner Enterprises by 24.5% during the second quarter. JPMorgan Chase & Co. now owns 76,767 shares of the transportation company’s stock worth $2,100,000 after purchasing an additional 15,109 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in shares of Werner Enterprises by 159.6% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 226,085 shares of the transportation company’s stock valued at $6,186,000 after purchasing an additional 138,995 shares during the last quarter. 89.32% of the stock is currently owned by institutional investors and hedge funds.

Werner Enterprises Price Performance

Shares of WERN opened at $40.04 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.42 and a current ratio of 1.45. Werner Enterprises, Inc. has a fifty-two week low of $23.06 and a fifty-two week high of $47.49. The firm has a 50-day simple moving average of $40.57 and a 200-day simple moving average of $37.12. The company has a market capitalization of $2.40 billion, a price-to-earnings ratio of -52.68, a price-to-earnings-growth ratio of 0.67 and a beta of 1.27.

Werner Enterprises (NASDAQ:WERN) last issued its quarterly earnings results on Tuesday, July 28th. The transportation company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.02). The company had revenue of $813.36 million during the quarter, compared to analyst estimates of $931.12 million. Werner Enterprises had a negative net margin of 1.42% and a positive return on equity of 1.18%. The business’s revenue was up 24.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.11 EPS. On average, equities research analysts anticipate that Werner Enterprises, Inc. will post 1.14 earnings per share for the current year.

Werner Enterprises Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 21st. Stockholders of record on Monday, October 5th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Monday, October 5th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.4%. Werner Enterprises’s payout ratio is presently -73.68%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on WERN shares. Zacks Research cut Werner Enterprises from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 4th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Werner Enterprises in a research report on Friday, July 24th. Stifel Nicolaus boosted their price objective on Werner Enterprises from $36.00 to $40.00 and gave the company a “hold” rating in a research note on Monday, July 13th. Wells Fargo & Company increased their price objective on Werner Enterprises from $39.00 to $46.00 and gave the company an “equal weight” rating in a report on Friday, June 5th. Finally, TD Cowen lowered their target price on shares of Werner Enterprises from $43.00 to $41.00 and set a “hold” rating on the stock in a research report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $41.54.

About Werner Enterprises

Werner Enterprises, Inc, founded in 1956 by Clarence L. “Chris” Werner, is a leading transportation and logistics provider based in Omaha, Nebraska. The company began as a one‐truck operation and has since grown into one of North America’s largest carriers, offering an array of services to support diverse supply chains.

Werner’s core business activities include full truckload dry van services, dedicated contract carriage, intermodal transport and brokerage solutions. The company also provides value-added services such as warehousing, freight management and fleet maintenance through its network of terminals and service centers.