Crossmark Global Holdings Inc. Takes Position in Werner Enterprises, Inc. (WERN)

Crossmark Global Holdings Inc. bought a new position in Werner Enterprises, Inc. (NASDAQ:WERN) in the third quarter, according to the company in its most recent filing with the SEC. The fund bought 5,560 shares of the transportation company’s stock, valued at approximately $203,000.

Other institutional investors also recently made changes to their positions in the company. Rehmann Capital Advisory Group purchased a new position in Werner Enterprises during the 3rd quarter valued at $233,000. Aperio Group LLC boosted its holdings in Werner Enterprises by 22.4% during the 3rd quarter. Aperio Group LLC now owns 257,838 shares of the transportation company’s stock valued at $9,424,000 after acquiring an additional 47,163 shares during the period. Personal Capital Advisors Corp boosted its holdings in Werner Enterprises by 60.7% during the 3rd quarter. Personal Capital Advisors Corp now owns 32,671 shares of the transportation company’s stock valued at $1,194,000 after acquiring an additional 12,343 shares during the period. Public Employees Retirement System of Ohio boosted its holdings in Werner Enterprises by 7.2% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 6,708 shares of the transportation company’s stock valued at $197,000 after acquiring an additional 451 shares during the period. Finally, Ameritas Investment Partners Inc. boosted its holdings in Werner Enterprises by 1.9% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 17,816 shares of the transportation company’s stock valued at $523,000 after acquiring an additional 328 shares during the period. Hedge funds and other institutional investors own 64.78% of the company’s stock.

Shares of Werner Enterprises, Inc. (WERN) opened at $37.35 on Tuesday. The company has a current ratio of 1.78, a quick ratio of 1.73 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $2,748.80, a price-to-earnings ratio of 33.04, a price-to-earnings-growth ratio of 2.13 and a beta of 0.97. Werner Enterprises, Inc. has a 1 year low of $24.20 and a 1 year high of $38.95.

Werner Enterprises (NASDAQ:WERN) last issued its earnings results on Thursday, October 19th. The transportation company reported $0.31 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.01). The firm had revenue of $528.64 million for the quarter, compared to the consensus estimate of $532.48 million. Werner Enterprises had a net margin of 4.04% and a return on equity of 8.18%. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period last year, the firm earned $0.26 earnings per share. equities research analysts predict that Werner Enterprises, Inc. will post 1.23 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Tuesday, January 2nd will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date of this dividend is Friday, December 29th. Werner Enterprises’s dividend payout ratio (DPR) is presently 24.35%.

WERN has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded Werner Enterprises from a “hold” rating to a “buy” rating and set a $35.00 price objective for the company in a report on Wednesday, August 23rd. Buckingham Research initiated coverage on Werner Enterprises in a report on Monday, August 21st. They set a “buy” rating and a $36.00 price objective for the company. Barclays boosted their price objective on Werner Enterprises from $25.00 to $32.00 and gave the company an “equal weight” rating in a report on Monday, October 2nd. Stifel Nicolaus restated a “hold” rating and set a $36.00 price objective on shares of Werner Enterprises in a report on Sunday, October 1st. Finally, Deutsche Bank restated a “hold” rating and set a $32.00 price objective (up previously from $25.00) on shares of Werner Enterprises in a report on Wednesday, August 9th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Werner Enterprises has a consensus rating of “Hold” and an average target price of $33.73.

In other Werner Enterprises news, CEO Derek J. Leathers sold 17,500 shares of Werner Enterprises stock in a transaction on Wednesday, September 20th. The stock was sold at an average price of $35.26, for a total transaction of $617,050.00. Following the completion of the sale, the chief executive officer now directly owns 211,280 shares of the company’s stock, valued at approximately $7,449,732.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 34.70% of the company’s stock.

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Werner Enterprises Profile

Werner Enterprises, Inc is a transportation and logistics company. The Company is engaged in transporting truckload shipments of general commodities in both interstate and intrastate commerce. It operates through two segments: Truckload and Werner Logistics. It provides logistics services through its Werner Logistics division.

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

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