Werner Enterprises, Inc. (NASDAQ:WERN) Shares Sold by Prudential Financial Inc.

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Prudential Financial Inc. decreased its holdings in shares of Werner Enterprises, Inc. (NASDAQ:WERN) by 84.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 29,901 shares of the transportation company’s stock after selling 163,650 shares during the period. Prudential Financial Inc.’s holdings in Werner Enterprises were worth $929,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Oakworth Capital Inc. acquired a new position in Werner Enterprises during the 2nd quarter worth approximately $26,000. Zions Bancorporation N.A. acquired a new stake in shares of Werner Enterprises in the 1st quarter worth approximately $58,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Werner Enterprises by 19.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,649 shares of the transportation company’s stock worth $82,000 after acquiring an additional 436 shares during the period. Signaturefd LLC grew its holdings in shares of Werner Enterprises by 55.6% in the 2nd quarter. Signaturefd LLC now owns 2,678 shares of the transportation company’s stock worth $83,000 after acquiring an additional 957 shares during the period. Finally, Parallel Advisors LLC grew its holdings in shares of Werner Enterprises by 40.5% in the 2nd quarter. Parallel Advisors LLC now owns 2,954 shares of the transportation company’s stock worth $92,000 after acquiring an additional 851 shares during the period. Institutional investors own 68.25% of the company’s stock.

WERN stock traded up $0.18 on Friday, reaching $34.36. The company had a trading volume of 390,213 shares, compared to its average volume of 563,159. Werner Enterprises, Inc. has a 1 year low of $27.27 and a 1 year high of $36.75. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.94 and a current ratio of 1.98. The company’s fifty day moving average is $32.48 and its 200 day moving average is $32.48. The company has a market cap of $2.38 billion, a P/E ratio of 14.44, a PEG ratio of 1.64 and a beta of 1.23.

Werner Enterprises (NASDAQ:WERN) last posted its earnings results on Thursday, July 25th. The transportation company reported $0.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.01). Werner Enterprises had a net margin of 7.26% and a return on equity of 15.11%. The company had revenue of $627.53 million during the quarter, compared to analysts’ expectations of $634.67 million. During the same period in the previous year, the company posted $0.61 EPS. Werner Enterprises’s quarterly revenue was up 1.4% compared to the same quarter last year. On average, sell-side analysts predict that Werner Enterprises, Inc. will post 2.42 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 22nd. Investors of record on Monday, October 7th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date of this dividend is Friday, October 4th. Werner Enterprises’s payout ratio is currently 15.13%.

WERN has been the topic of a number of research reports. BidaskClub upgraded Werner Enterprises from a “hold” rating to a “buy” rating in a report on Thursday, September 12th. Stephens initiated coverage on Werner Enterprises in a report on Monday, July 1st. They issued a “buy” rating on the stock. ValuEngine upgraded Werner Enterprises from a “sell” rating to a “hold” rating in a report on Wednesday, July 24th. Citigroup upgraded Werner Enterprises from a “neutral” rating to a “buy” rating and upped their price target for the stock from $32.00 to $40.00 in a report on Tuesday, September 3rd. Finally, Credit Suisse Group lowered their price target on Werner Enterprises from $29.00 to $28.00 and set an “underperform” rating on the stock in a report on Friday, July 26th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company. Werner Enterprises has an average rating of “Hold” and a consensus price target of $38.67.

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, and China. It operates in two segments, Truckload Transportation Services and Werner Logistics.

Read More: Certificate of Deposit (CD)

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

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