Werner Enterprises, Inc. (NASDAQ:WERN) Shares Sold by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp decreased its stake in Werner Enterprises, Inc. (NASDAQ:WERN) by 10.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 49,523 shares of the transportation company’s stock after selling 6,003 shares during the period. Texas Permanent School Fund Corp owned approximately 0.08% of Werner Enterprises worth $1,774,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in WERN. Massmutual Trust Co. FSB ADV lifted its stake in shares of Werner Enterprises by 390.1% in the second quarter. Massmutual Trust Co. FSB ADV now owns 740 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 589 shares during the period. 1620 Investment Advisors Inc. purchased a new position in Werner Enterprises during the 2nd quarter valued at about $29,000. Quest Partners LLC purchased a new position in Werner Enterprises during the 2nd quarter valued at about $30,000. EntryPoint Capital LLC purchased a new position in Werner Enterprises during the 1st quarter valued at about $43,000. Finally, Blue Trust Inc. increased its holdings in Werner Enterprises by 209.6% during the 2nd quarter. Blue Trust Inc. now owns 1,158 shares of the transportation company’s stock valued at $45,000 after acquiring an additional 784 shares in the last quarter. Institutional investors and hedge funds own 89.32% of the company’s stock.

Werner Enterprises Price Performance

Werner Enterprises stock opened at $37.52 on Thursday. Werner Enterprises, Inc. has a 1 year low of $33.12 and a 1 year high of $43.26. The firm has a 50 day moving average price of $37.12 and a 200 day moving average price of $36.94. The company has a market cap of $2.32 billion, a price-to-earnings ratio of 28.64, a PEG ratio of 7.58 and a beta of 0.79. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.64 and a current ratio of 1.69.

Werner Enterprises (NASDAQ:WERN) last released its earnings results on Tuesday, July 30th. The transportation company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.03). The company had revenue of $760.80 million during the quarter, compared to analysts’ expectations of $769.81 million. Werner Enterprises had a net margin of 1.99% and a return on equity of 4.70%. Werner Enterprises’s revenue for the quarter was down 6.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.52 earnings per share. Sell-side analysts predict that Werner Enterprises, Inc. will post 0.94 earnings per share for the current year.

Werner Enterprises Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 23rd. Shareholders of record on Monday, October 7th will be given a dividend of $0.14 per share. The ex-dividend date is Monday, October 7th. This represents a $0.56 dividend on an annualized basis and a yield of 1.49%. Werner Enterprises’s dividend payout ratio (DPR) is 42.75%.

Analyst Ratings Changes

Several equities analysts have weighed in on WERN shares. Stifel Nicolaus dropped their target price on shares of Werner Enterprises from $39.00 to $33.00 and set a “hold” rating for the company in a report on Thursday, August 1st. JPMorgan Chase & Co. raised their target price on shares of Werner Enterprises from $32.00 to $37.00 and gave the company an “underweight” rating in a report on Wednesday, July 31st. UBS Group downgraded shares of Werner Enterprises from a “buy” rating to a “neutral” rating and set a $39.00 target price for the company. in a report on Tuesday, July 9th. Evercore ISI lowered their price target on shares of Werner Enterprises from $35.00 to $33.00 and set an “in-line” rating for the company in a report on Tuesday, June 25th. Finally, Wells Fargo & Company assumed coverage on shares of Werner Enterprises in a report on Friday, June 7th. They set an “underweight” rating and a $38.00 price target for the company. Five investment analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Werner Enterprises currently has an average rating of “Hold” and an average target price of $37.75.

About Werner Enterprises

Werner Enterprises, Inc, together with its subsidiaries, engages in transporting truckload shipments of general commodities in interstate and intrastate commerce in the United States, Mexico, and internationally. The company operates through two segments, Truckload Transportation Services and Werner Logistics.