Foundry Partners LLC Boosts Stake in Werner Enterprises, Inc. (NASDAQ:WERN)

Foundry Partners LLC grew its stake in shares of Werner Enterprises, Inc. (NASDAQ:WERN) by 35.2% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,665 shares of the transportation company’s stock after buying an additional 3,040 shares during the quarter. Foundry Partners LLC’s holdings in Werner Enterprises were worth $423,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. First Mercantile Trust Co. purchased a new stake in shares of Werner Enterprises during the 4th quarter valued at $25,000. Private Capital Group LLC purchased a new stake in shares of Werner Enterprises during the 1st quarter valued at $33,000. Simon Quick Advisors LLC purchased a new stake in shares of Werner Enterprises during the 1st quarter valued at $38,000. Advisors Asset Management Inc. raised its position in shares of Werner Enterprises by 50.6% during the 4th quarter. Advisors Asset Management Inc. now owns 1,690 shares of the transportation company’s stock valued at $61,000 after buying an additional 568 shares in the last quarter. Finally, Cullen Frost Bankers Inc. raised its position in shares of Werner Enterprises by 80.7% during the 4th quarter. Cullen Frost Bankers Inc. now owns 1,782 shares of the transportation company’s stock valued at $65,000 after buying an additional 796 shares in the last quarter. Hedge funds and other institutional investors own 62.48% of the company’s stock.

In other news, VP James Lynn Johnson sold 4,500 shares of Werner Enterprises stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $43.30, for a total transaction of $194,850.00. Following the sale, the vice president now owns 71,326 shares of the company’s stock, valued at approximately $3,088,415.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Jim S. Schelble sold 3,388 shares of Werner Enterprises stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $43.20, for a total transaction of $146,361.60. Following the sale, the vice president now directly owns 57,717 shares in the company, valued at approximately $2,493,374.40. The disclosure for this sale can be found here. Insiders have sold a total of 10,888 shares of company stock worth $472,072 in the last ninety days. Insiders own 36.40% of the company’s stock.

WERN stock opened at $44.29 on Friday. The firm’s 50-day moving average price is $39.70 and its two-hundred day moving average price is $37.19. Werner Enterprises, Inc. has a 12-month low of $27.27 and a 12-month high of $44.97. The stock has a market capitalization of $2.99 billion, a price-to-earnings ratio of 19.06, a PEG ratio of 7.90 and a beta of 0.80. The company has a current ratio of 1.51, a quick ratio of 1.48 and a debt-to-equity ratio of 0.16.

Werner Enterprises (NASDAQ:WERN) last announced its earnings results on Tuesday, April 28th. The transportation company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.05. The firm had revenue of $592.70 million for the quarter, compared to analyst estimates of $574.07 million. Werner Enterprises had a net margin of 6.26% and a return on equity of 14.67%. The company’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.52 EPS. Equities analysts predict that Werner Enterprises, Inc. will post 1.92 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 21st. Stockholders of record on Monday, July 6th will be paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date of this dividend is Thursday, July 2nd. Werner Enterprises’s payout ratio is 15.06%.

WERN has been the topic of several research reports. UBS Group raised their price objective on shares of Werner Enterprises from $32.00 to $42.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. Robert W. Baird upgraded shares of Werner Enterprises from a “neutral” rating to an “outperform” rating and set a $42.00 target price on the stock in a research report on Tuesday, March 17th. BidaskClub upgraded shares of Werner Enterprises from a “hold” rating to a “buy” rating in a research report on Thursday, March 19th. KeyCorp lifted their target price on shares of Werner Enterprises from $40.00 to $42.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 22nd. Finally, Morgan Stanley lifted their target price on shares of Werner Enterprises from $40.00 to $44.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $41.43.

About Werner Enterprises

Werner Enterprises, Inc, a transportation and logistics company, engages in transporting truckload shipments of general commodities in interstate and intrastate commerce in the United States, Mexico, Canada, and China. It operates in two segments, Truckload Transportation Services and Werner Logistics.

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

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