Corient Private Wealth LP Purchases Shares of 72,091 Werner Enterprises, Inc. $WERN

Corient Private Wealth LP purchased a new position in shares of Werner Enterprises, Inc. (NASDAQ:WERN) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 72,091 shares of the transportation company’s stock, valued at approximately $3,144,000.

Several other large investors also recently made changes to their positions in WERN. Thrivent Financial for Lutherans increased its holdings in Werner Enterprises by 17.6% during the fourth quarter. Thrivent Financial for Lutherans now owns 205,654 shares of the transportation company’s stock worth $6,172,000 after buying an additional 30,812 shares during the last quarter. Renaissance Technologies LLC bought a new stake in Werner Enterprises during the first quarter worth $1,119,000. Empowered Funds LLC lifted its stake in Werner Enterprises by 30.0% in the first quarter. Empowered Funds LLC now owns 284,197 shares of the transportation company’s stock valued at $8,358,000 after acquiring an additional 65,534 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Werner Enterprises by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 6,514,200 shares of the transportation company’s stock valued at $195,491,000 after acquiring an additional 90,480 shares during the period. Finally, UBS Group AG grew its position in shares of Werner Enterprises by 180.8% in the 4th quarter. UBS Group AG now owns 578,761 shares of the transportation company’s stock valued at $17,369,000 after acquiring an additional 372,629 shares during the period. Institutional investors and hedge funds own 89.32% of the company’s stock.

Wall Street Analyst Weigh In

WERN has been the topic of a number of research analyst reports. Citigroup upped their target price on shares of Werner Enterprises from $37.00 to $47.00 and gave the company a “neutral” rating in a report on Thursday, July 9th. Robert W. Baird upgraded Werner Enterprises from a “neutral” rating to an “outperform” rating and set a $43.00 price target for the company in a report on Thursday, July 30th. Morgan Stanley boosted their price target on Werner Enterprises from $47.00 to $55.00 and gave the stock an “overweight” rating in a research report on Monday, July 6th. Susquehanna upgraded Werner Enterprises from a “neutral” rating to a “positive” rating and dropped their price objective for the company from $48.00 to $44.00 in a research note on Thursday, July 30th. Finally, Bank of America raised their price objective on Werner Enterprises from $31.00 to $36.00 and gave the company an “underperform” rating in a research report on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, eight have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $41.54.

Werner Enterprises Price Performance

Werner Enterprises stock opened at $37.84 on Wednesday. The company has a market capitalization of $2.27 billion, a price-to-earnings ratio of -49.79, a PEG ratio of 0.68 and a beta of 1.27. The company has a current ratio of 1.45, a quick ratio of 1.42 and a debt-to-equity ratio of 0.60. Werner Enterprises, Inc. has a 12 month low of $23.06 and a 12 month high of $47.49. The stock’s 50 day moving average is $40.76 and its 200-day moving average is $37.02.

Werner Enterprises (NASDAQ:WERN) last released 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). Werner Enterprises had a negative net margin of 1.42% and a positive return on equity of 1.18%. The firm had revenue of $813.36 million during the quarter, compared to the consensus estimate of $931.12 million. During the same quarter last year, the firm earned $0.11 earnings per share. The business’s revenue for the quarter was up 24.0% compared to the same quarter last year. Equities research analysts expect that Werner Enterprises, Inc. will post 1.14 EPS for the current year.

Werner Enterprises Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 21st. Investors of record on Monday, October 5th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Monday, October 5th. This represents a $0.56 dividend on an annualized basis and a yield of 1.5%. Werner Enterprises’s dividend payout ratio is currently -73.68%.

Werner Enterprises Profile

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.