Werner Enterprises, Inc. $WERN Stock Holdings Increased by Caitong International Asset Management Co. Ltd

Caitong International Asset Management Co. Ltd increased its holdings in Werner Enterprises, Inc. (NASDAQ:WERN) by 57.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,018 shares of the transportation company’s stock after purchasing an additional 373 shares during the quarter. Caitong International Asset Management Co. Ltd’s holdings in Werner Enterprises were worth $28,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Werner Enterprises by 1.2% during the first quarter. Vanguard Group Inc. now owns 6,813,038 shares of the transportation company’s stock valued at $199,622,000 after acquiring an additional 82,581 shares during the period. Victory Capital Management Inc. raised its holdings in shares of Werner Enterprises by 5.0% during the first quarter. Victory Capital Management Inc. now owns 3,641,546 shares of the transportation company’s stock valued at $106,697,000 after acquiring an additional 173,572 shares during the period. American Century Companies Inc. raised its holdings in shares of Werner Enterprises by 9.2% during the first quarter. American Century Companies Inc. now owns 2,170,527 shares of the transportation company’s stock valued at $63,596,000 after acquiring an additional 183,340 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in shares of Werner Enterprises by 7.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,965,037 shares of the transportation company’s stock valued at $56,023,000 after acquiring an additional 129,850 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Werner Enterprises by 21.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 853,258 shares of the transportation company’s stock valued at $25,000,000 after acquiring an additional 149,087 shares during the period. Institutional investors and hedge funds own 89.32% of the company’s stock.

Werner Enterprises Stock Performance

Shares of WERN opened at $27.68 on Monday. The company’s 50 day moving average price is $27.80 and its 200 day moving average price is $27.66. Werner Enterprises, Inc. has a 52 week low of $23.02 and a 52 week high of $42.48. The company has a market capitalization of $1.66 billion, a PE ratio of 32.19, a PEG ratio of 1.64 and a beta of 1.06. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.63 and a current ratio of 1.67.

Werner Enterprises (NASDAQ:WERN) last posted its earnings results on Tuesday, July 29th. The transportation company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.06. The firm had revenue of $753.15 million during the quarter, compared to analysts’ expectations of $736.09 million. Werner Enterprises had a net margin of 1.77% and a return on equity of 0.92%. The company’s revenue was down 1.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.17 earnings per share. Research analysts expect that Werner Enterprises, Inc. will post 1.27 EPS for the current fiscal year.

Werner Enterprises Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 22nd. Shareholders of record on Monday, October 6th were paid a $0.14 dividend. The ex-dividend date was Monday, October 6th. This represents a $0.56 dividend on an annualized basis and a yield of 2.0%. Werner Enterprises’s payout ratio is 65.12%.

Werner Enterprises announced that its board has initiated a share buyback plan on Monday, August 11th that allows the company to repurchase 5,000,000 shares. This repurchase authorization allows the transportation company to purchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on WERN shares. Citigroup cut their price target on shares of Werner Enterprises from $30.00 to $29.00 and set a “neutral” rating on the stock in a report on Monday, October 13th. Susquehanna cut their price target on shares of Werner Enterprises from $27.00 to $23.00 and set a “neutral” rating on the stock in a report on Wednesday, September 24th. Baird R W upgraded shares of Werner Enterprises to a “strong sell” rating in a report on Tuesday, July 1st. Bank of America lowered their price objective on shares of Werner Enterprises from $27.00 to $26.00 and set an “underperform” rating on the stock in a research report on Wednesday, September 10th. Finally, Stifel Nicolaus lowered their price objective on shares of Werner Enterprises from $25.00 to $23.00 and set a “hold” rating on the stock in a research report on Friday, October 3rd. Two investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and six have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $27.57.

Werner Enterprises Profile

Werner Enterprises, Inc, together with its subsidiaries, engages in transporting truckload shipments of general commodities in interstate and intrastate commerce in the United States, Mexico, and internationally. The company operates through two segments, Truckload Transportation Services and Werner Logistics.