Green Square Capital LLC Acquires New Position in Werner Enterprises, Inc. (WERN)

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Green Square Capital LLC acquired a new position in shares of Werner Enterprises, Inc. (NASDAQ:WERN) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 8,078 shares of the transportation company’s stock, valued at approximately $304,000.

Other large investors also recently modified their holdings of the company. Wells Fargo & Company MN lifted its stake in Werner Enterprises by 2.5% in the first quarter. Wells Fargo & Company MN now owns 154,694 shares of the transportation company’s stock valued at $5,646,000 after purchasing an additional 3,769 shares during the last quarter. Swiss National Bank lifted its stake in Werner Enterprises by 3.3% in the first quarter. Swiss National Bank now owns 81,700 shares of the transportation company’s stock valued at $2,982,000 after purchasing an additional 2,600 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its stake in Werner Enterprises by 0.6% in the first quarter. Schwab Charles Investment Management Inc. now owns 415,613 shares of the transportation company’s stock valued at $15,170,000 after purchasing an additional 2,458 shares during the last quarter. BlackRock Inc. lifted its stake in Werner Enterprises by 2.8% in the first quarter. BlackRock Inc. now owns 5,367,619 shares of the transportation company’s stock valued at $195,916,000 after purchasing an additional 145,256 shares during the last quarter. Finally, Personal Capital Advisors Corp lifted its stake in Werner Enterprises by 26.0% in the first quarter. Personal Capital Advisors Corp now owns 53,135 shares of the transportation company’s stock valued at $1,939,000 after purchasing an additional 10,969 shares during the last quarter. Institutional investors and hedge funds own 68.40% of the company’s stock.

Several equities analysts recently commented on the company. Robert W. Baird upped their price objective on Werner Enterprises from $41.00 to $43.00 and gave the company a “neutral” rating in a research note on Tuesday, July 24th. ValuEngine upgraded Werner Enterprises from a “hold” rating to a “buy” rating in a research note on Monday, July 2nd. BidaskClub upgraded Werner Enterprises from a “hold” rating to a “buy” rating in a research note on Wednesday, August 15th. Zacks Investment Research reiterated a “buy” rating and issued a $45.00 price objective on shares of Werner Enterprises in a research note on Saturday, June 30th. Finally, Bank of America upgraded Werner Enterprises from an “underperform” rating to a “neutral” rating and upped their price objective for the company from $41.00 to $44.00 in a research note on Tuesday, July 24th. Five investment analysts have rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $43.60.

Shares of NASDAQ:WERN traded down $0.23 during trading on Friday, hitting $32.22. 1,185,781 shares of the company were exchanged, compared to its average volume of 982,065. The company has a market cap of $2.53 billion, a P/E ratio of 25.37, a P/E/G ratio of 1.09 and a beta of 1.01. Werner Enterprises, Inc. has a 52-week low of $32.04 and a 52-week high of $43.95. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.81 and a quick ratio of 1.76.

Werner Enterprises (NASDAQ:WERN) last posted its earnings results on Monday, July 23rd. The transportation company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.11. The firm had revenue of $619.13 million for the quarter, compared to the consensus estimate of $599.20 million. Werner Enterprises had a return on equity of 10.71% and a net margin of 10.09%. The business’s quarterly revenue was up 19.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.32 earnings per share. On average, analysts expect that Werner Enterprises, Inc. will post 2.24 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 16th. Shareholders of record on Monday, October 1st will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Friday, September 28th. This represents a $0.36 annualized dividend and a dividend yield of 1.12%. Werner Enterprises’s dividend payout ratio is currently 28.35%.

Werner Enterprises Company Profile

Werner Enterprises, Inc, a transportation and logistics company, engages in transporting truckload shipments of general commodities in interstate and intrastate commerce in the United States, Mexico, Canada, China, and Australia. It operates through two segments, Truckload Transportation Services and Werner Logistics.

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

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