Advisors Preferred LLC Purchases Shares of 35,832 Werner Enterprises, Inc. $WERN

Advisors Preferred LLC purchased a new position in Werner Enterprises, Inc. (NASDAQ:WERN - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 35,832 shares of the transportation company's stock, valued at approximately $1,548,000. Advisors Preferred LLC owned about 0.06% of Werner Enterprises at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Royal Bank of Canada grew its stake in Werner Enterprises by 33.8% during the 1st quarter. Royal Bank of Canada now owns 21,660 shares of the transportation company's stock valued at $635,000 after purchasing an additional 5,473 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Werner Enterprises by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 36,697 shares of the transportation company's stock valued at $1,075,000 after acquiring an additional 1,598 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in 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 valued at $3,717,000 after acquiring an additional 401 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Werner Enterprises by 24.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 76,767 shares of the transportation company's stock valued at $2,100,000 after acquiring an additional 15,109 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of Werner Enterprises by 159.6% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 226,085 shares of the transportation company's stock valued at $6,186,000 after acquiring an additional 138,995 shares during the last quarter. 89.32% of the stock is currently owned by institutional investors and hedge funds.

Werner Enterprises Price Performance

Shares of Werner Enterprises stock opened at $38.04 on Friday. The firm has a market cap of $2.28 billion, a PE ratio of -50.05, a P/E/G 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 50-day moving average price of $41.27 and a 200 day moving average price of $36.90.

Werner Enterprises (NASDAQ:WERN - Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The transportation company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.02). The business had revenue of $813.36 million during the quarter, compared to analyst estimates of $931.12 million. Werner Enterprises had a negative net margin of 1.42% and a positive return on equity of 1.18%. The firm's revenue for the quarter was up 24.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.11 earnings per share. Sell-side analysts predict that Werner Enterprises, Inc. will post 1.13 earnings per share for the current fiscal year.

Werner Enterprises Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 21st. Investors of record on Monday, October 5th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Monday, October 5th. This represents a $0.56 dividend on an annualized basis and a yield of 1.5%. Werner Enterprises's dividend payout ratio (DPR) is currently -73.68%.

Analysts Set New Price Targets

Several brokerages have weighed in on WERN. TD Cowen cut their price target on Werner Enterprises from $43.00 to $41.00 and set a "hold" rating on the stock in a research report on Wednesday, July 29th. Stifel Nicolaus boosted their price objective on Werner Enterprises from $36.00 to $40.00 and gave the company a "hold" rating in a report on Monday, July 13th. Robert W. Baird upgraded Werner Enterprises from a "neutral" rating to an "outperform" rating and set a $43.00 target price on the stock in a research note on Thursday, July 30th. Bank of America raised their target price on Werner Enterprises from $31.00 to $36.00 and gave the stock an "underperform" rating in a report on Thursday, July 23rd. Finally, Morgan Stanley lifted their price target on Werner Enterprises from $47.00 to $55.00 and gave the company an "overweight" rating in a research report on Monday, July 6th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $41.54.

Werner Enterprises 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.

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