Legato Capital Management LLC Has $830,000 Stock Holdings in Werner Enterprises, Inc. $WERN

Legato Capital Management LLC trimmed its holdings in shares of Werner Enterprises, Inc. (NASDAQ:WERN) by 52.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,524 shares of the transportation company’s stock after selling 34,895 shares during the quarter. Legato Capital Management LLC owned 0.05% of Werner Enterprises worth $830,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Balyasny Asset Management L.P. acquired a new position in shares of Werner Enterprises during the second quarter worth $12,972,000. First Trust Advisors LP lifted its holdings in Werner Enterprises by 17.2% during the 2nd quarter. First Trust Advisors LP now owns 2,893,705 shares of the transportation company’s stock worth $79,172,000 after buying an additional 424,935 shares during the period. Russell Investments Group Ltd. lifted its holdings in Werner Enterprises by 49.1% during the 2nd quarter. Russell Investments Group Ltd. now owns 704,775 shares of the transportation company’s stock worth $19,283,000 after buying an additional 232,149 shares during the period. Allianz Asset Management GmbH grew its position in shares of Werner Enterprises by 52.3% in the 3rd quarter. Allianz Asset Management GmbH now owns 573,891 shares of the transportation company’s stock valued at $15,105,000 after buying an additional 197,155 shares during the last quarter. Finally, Bank of America Corp DE increased its stake in shares of Werner Enterprises by 33.2% in the second quarter. Bank of America Corp DE now owns 722,269 shares of the transportation company’s stock valued at $19,761,000 after buying an additional 180,178 shares during the period. Institutional investors own 89.32% of the company’s stock.

Insider Transactions at Werner Enterprises

In other Werner Enterprises news, COO Eric J. Downing sold 1,428 shares of the firm’s stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $35.00, for a total value of $49,980.00. Following the completion of the sale, the chief operating officer owned 57,364 shares of the company’s stock, valued at approximately $2,007,740. This trade represents a 2.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.30% of the company’s stock.

Werner Enterprises Stock Down 0.2%

Shares of NASDAQ WERN opened at $34.53 on Wednesday. The company has a quick ratio of 1.91, a current ratio of 1.95 and a debt-to-equity ratio of 0.55. The firm has a market cap of $2.07 billion, a PE ratio of -143.88, a P/E/G ratio of 0.81 and a beta of 1.06. The company’s fifty day simple moving average is $33.46 and its 200 day simple moving average is $29.57. Werner Enterprises, Inc. has a 12-month low of $23.02 and a 12-month high of $38.45.

Werner Enterprises (NASDAQ:WERN) last posted its quarterly earnings results on Thursday, February 5th. The transportation company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.04). The company had revenue of $737.64 million during the quarter, compared to the consensus estimate of $767.51 million. Werner Enterprises had a negative net margin of 0.48% and a positive return on equity of 0.04%. The company’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same period last year, the firm posted $0.08 earnings per share. As a group, sell-side analysts forecast that Werner Enterprises, Inc. will post 1.27 earnings per share for the current fiscal year.

Werner Enterprises Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 6th. Investors of record on Monday, April 13th will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Monday, April 13th. Werner Enterprises’s dividend payout ratio is -233.33%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on WERN shares. Robert W. Baird upgraded Werner Enterprises from an “underperform” rating to a “neutral” rating and set a $34.00 target price on the stock in a report on Thursday, January 29th. TD Cowen upped their price objective on shares of Werner Enterprises from $31.00 to $39.00 and gave the company a “hold” rating in a research note on Friday, February 6th. Wells Fargo & Company increased their price objective on shares of Werner Enterprises from $34.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Friday, February 6th. Barclays boosted their target price on shares of Werner Enterprises from $28.00 to $33.00 and gave the company an “equal weight” rating in a report on Thursday, January 15th. Finally, Morgan Stanley increased their price target on Werner Enterprises from $36.00 to $37.00 and gave the stock an “overweight” rating in a report on Monday, December 8th. Two equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Reduce” and an average price target of $33.14.

Werner Enterprises Company 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.