Werner Enterprises, Inc. Declares Quarterly Dividend of $0.14 (NASDAQ:WERN)

Werner Enterprises, Inc. (NASDAQ:WERN) declared a quarterly dividend on Tuesday, August 11th. Shareholders of record on Monday, October 5th will be paid a dividend of 0.14 per share by the transportation company on Wednesday, October 21st. This represents a c) dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Monday, October 5th.

Werner Enterprises has increased its dividend by an average of 0.0%annually over the last three years and has increased its dividend every year for the last 4 years. Werner Enterprises has a dividend payout ratio of 42.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Werner Enterprises to earn $2.17 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 25.8%.

Werner Enterprises Trading Up 3.5%

WERN traded up $1.26 during trading on Wednesday, reaching $37.69. 129,133 shares of the company’s stock were exchanged, compared to its average volume of 1,168,859. The company’s fifty day moving average price is $41.98 and its 200-day moving average price is $36.68. The firm has a market capitalization of $2.26 billion, a PE ratio of -49.59, a P/E/G ratio of 0.65 and a beta of 1.27. Werner Enterprises has a fifty-two week low of $23.06 and a fifty-two week high of $47.49. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.42 and a current ratio of 1.45.

Werner Enterprises (NASDAQ:WERN) last posted its quarterly earnings results on Tuesday, July 28th. The transportation company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $813.36 million during the quarter, compared to analyst estimates of $931.12 million. During the same period last year, the company earned $0.11 EPS. The business’s revenue for the quarter was up 24.0% compared to the same quarter last year. As a group, equities analysts forecast that Werner Enterprises will post 1.13 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WERN. State of Alaska Department of Revenue raised its holdings in Werner Enterprises by 1.1% in the 4th quarter. State of Alaska Department of Revenue now owns 30,464 shares of the transportation company’s stock valued at $914,000 after acquiring an additional 336 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Werner Enterprises by 0.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 126,854 shares of the transportation company’s stock worth $3,717,000 after purchasing an additional 401 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its position in shares of Werner Enterprises by 0.8% in the second quarter. CANADA LIFE ASSURANCE Co now owns 64,228 shares of the transportation company’s stock worth $1,758,000 after purchasing an additional 503 shares during the period. California State Teachers Retirement System increased its position in shares of Werner Enterprises by 1.1% in the second quarter. California State Teachers Retirement System now owns 57,011 shares of the transportation company’s stock worth $1,560,000 after purchasing an additional 601 shares during the period. Finally, GAMMA Investing LLC raised its stake in Werner Enterprises by 21.5% in the second quarter. GAMMA Investing LLC now owns 3,812 shares of the transportation company’s stock valued at $166,000 after purchasing an additional 675 shares in the last quarter. 89.32% of the stock is currently owned by institutional investors.

About Werner Enterprises

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.