Werner Enterprises, Inc. (NASDAQ:WERN) Stock Holdings Decreased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP cut its stake in shares of Werner Enterprises, Inc. (NASDAQ:WERN) by 0.3% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,872,785 shares of the transportation company’s stock after selling 12,888 shares during the period. Dimensional Fund Advisors LP owned about 6.11% of Werner Enterprises worth $138,762,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Jade Capital Advisors LLC acquired a new position in Werner Enterprises in the 4th quarter valued at approximately $2,118,000. First Eagle Investment Management LLC increased its stake in Werner Enterprises by 34.9% in the 1st quarter. First Eagle Investment Management LLC now owns 327,948 shares of the transportation company’s stock valued at $12,829,000 after buying an additional 84,800 shares during the period. Congress Asset Management Co. MA increased its stake in Werner Enterprises by 14.8% in the 1st quarter. Congress Asset Management Co. MA now owns 305,501 shares of the transportation company’s stock valued at $11,951,000 after buying an additional 39,445 shares during the period. Norden Group LLC increased its stake in Werner Enterprises by 1,048.4% in the 1st quarter. Norden Group LLC now owns 91,312 shares of the transportation company’s stock valued at $3,572,000 after buying an additional 83,361 shares during the period. Finally, Norges Bank acquired a new position in Werner Enterprises in the 4th quarter valued at approximately $8,855,000. Institutional investors and hedge funds own 89.32% of the company’s stock.

Werner Enterprises Price Performance

NASDAQ WERN opened at $37.15 on Friday. The company has a current ratio of 1.69, a quick ratio of 1.64 and a debt-to-equity ratio of 0.45. The company has a fifty day simple moving average of $37.23 and a 200 day simple moving average of $36.94. The company has a market cap of $2.36 billion, a P/E ratio of 28.36, a P/E/G ratio of 7.58 and a beta of 0.79. Werner Enterprises, Inc. has a 1 year low of $33.12 and a 1 year high of $43.26.

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

Werner Enterprises Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 23rd. Shareholders of record on Monday, October 7th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date of this dividend is Monday, October 7th. Werner Enterprises’s dividend payout ratio (DPR) is presently 42.75%.

Wall Street Analyst Weigh In

WERN has been the topic of several research reports. Stifel Nicolaus dropped their price objective on shares of Werner Enterprises from $39.00 to $33.00 and set a “hold” rating on the stock in a research note on Thursday, August 1st. JPMorgan Chase & Co. boosted their target price on shares of Werner Enterprises from $32.00 to $37.00 and gave the stock an “underweight” rating in a research report on Wednesday, July 31st. Evercore ISI decreased their target price on shares of Werner Enterprises from $35.00 to $33.00 and set an “in-line” rating for the company in a research report on Tuesday, June 25th. TD Cowen boosted their target price on shares of Werner Enterprises from $38.00 to $43.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Finally, Morgan Stanley decreased their target price on shares of Werner Enterprises from $57.00 to $56.00 and set an “overweight” rating for the company in a research report on Monday, July 8th. Five research analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target 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.