The Manufacturers Life Insurance Company Purchases Shares of 29,726 Werner Enterprises, Inc. $WERN

The Manufacturers Life Insurance Company acquired a new position in shares of Werner Enterprises, Inc. (NASDAQ:WERN) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 29,726 shares of the transportation company’s stock, valued at approximately $1,296,000.

Other institutional investors also recently modified their holdings of the company. Allworth Financial LP acquired a new position in shares of Werner Enterprises in the 2nd quarter worth approximately $38,000. Global Retirement Partners LLC acquired a new stake in Werner Enterprises during the 2nd quarter valued at $45,000. PNC Financial Services Group Inc. increased its holdings in Werner Enterprises by 41.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,324 shares of the transportation company’s stock valued at $70,000 after purchasing an additional 679 shares in the last quarter. Covestor Ltd raised its position in Werner Enterprises by 28.3% in the 4th quarter. Covestor Ltd now owns 3,261 shares of the transportation company’s stock valued at $98,000 after purchasing an additional 719 shares during the last quarter. Finally, Bayforest Capital Ltd bought a new position in Werner Enterprises in the 2nd quarter valued at $128,000. Institutional investors own 89.32% of the company’s stock.

Werner Enterprises Trading Up 4.0%

WERN stock opened at $40.04 on Friday. The company has a market cap of $2.40 billion, a P/E ratio of -52.68, a PEG ratio of 0.67 and a beta of 1.27. Werner Enterprises, Inc. has a twelve month low of $23.06 and a twelve month high of $47.49. The company has a quick ratio of 1.42, a current ratio of 1.45 and a debt-to-equity ratio of 0.60. The business has a fifty day moving average of $40.57 and a 200-day moving average of $37.12.

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

Werner Enterprises Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 21st. Investors of record on Monday, October 5th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 1.4%. The ex-dividend date is Monday, October 5th. Werner Enterprises’s dividend payout ratio is currently -73.68%.

Wall Street Analyst Weigh In

Several analysts have recently commented on WERN shares. The Goldman Sachs Group increased their target price on Werner Enterprises from $43.00 to $48.00 and gave the stock a “buy” rating in a report on Tuesday, June 23rd. Evercore raised Werner Enterprises from an “underperform” rating to an “in-line” rating in a report on Wednesday, July 1st. Bank of America upped their price target on shares of Werner Enterprises from $31.00 to $36.00 and gave the stock an “underperform” rating in a research report on Thursday, July 23rd. Wells Fargo & Company increased their price objective on shares of Werner Enterprises from $39.00 to $46.00 and gave the stock an “equal weight” rating in a report on Friday, June 5th. Finally, Stephens raised shares of Werner Enterprises to a “strong-buy” rating in a research note on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $41.54.

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.