Bank of New York Mellon Corp Has $17.39 Million Stock Position in Werner Enterprises, Inc. (NASDAQ:WERN)

Bank of New York Mellon Corp lessened its holdings in Werner Enterprises, Inc. (NASDAQ:WERN - Free Report) by 6.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 593,371 shares of the transportation company's stock after selling 38,294 shares during the period. Bank of New York Mellon Corp owned approximately 0.96% of Werner Enterprises worth $17,386,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. SummerHaven Investment Management LLC grew its stake in Werner Enterprises by 1.8% during the 1st quarter. SummerHaven Investment Management LLC now owns 22,516 shares of the transportation company's stock worth $660,000 after buying an additional 398 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its position in shares of Werner Enterprises by 69.7% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,176 shares of the transportation company's stock valued at $34,000 after purchasing an additional 483 shares during the period. Bank of Montreal Can grew its position in shares of Werner Enterprises by 7.7% in the fourth quarter. Bank of Montreal Can now owns 6,761 shares of the transportation company's stock valued at $243,000 after purchasing an additional 485 shares during the period. Illinois Municipal Retirement Fund grew its position in Werner Enterprises by 1.6% during the first quarter. Illinois Municipal Retirement Fund now owns 33,848 shares of the transportation company's stock valued at $992,000 after acquiring an additional 523 shares during the period. Finally, Quadrant Capital Group LLC grew its position in Werner Enterprises by 35.7% during the fourth quarter. Quadrant Capital Group LLC now owns 2,431 shares of the transportation company's stock valued at $87,000 after acquiring an additional 639 shares during the period. Institutional investors and hedge funds own 89.32% of the company's stock.

Werner Enterprises Stock Performance

Shares of NASDAQ:WERN traded down $0.50 during midday trading on Friday, hitting $27.73. The company's stock had a trading volume of 1,034,614 shares, compared to its average volume of 797,840. The stock has a market capitalization of $1.71 billion, a price-to-earnings ratio of 95.62, a PEG ratio of 1.64 and a beta of 1.07. The stock's 50 day simple moving average is $27.64 and its 200 day simple moving average is $30.29. Werner Enterprises, Inc. has a fifty-two week low of $23.02 and a fifty-two week high of $42.48. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.62 and a current ratio of 1.66.

Werner Enterprises (NASDAQ:WERN - Get Free Report) last released its earnings results on Tuesday, April 29th. The transportation company reported ($0.12) earnings per share for the quarter, missing analysts' consensus estimates of $0.12 by ($0.24). The firm had revenue of $712.11 million for the quarter, compared to analyst estimates of $738.41 million. Werner Enterprises had a return on equity of 1.20% and a net margin of 0.60%. The firm's quarterly revenue was down 7.4% compared to the same quarter last year. During the same period last year, the business earned $0.14 earnings per share. As a group, research analysts anticipate that Werner Enterprises, Inc. will post 1.27 earnings per share for the current year.

Werner Enterprises Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 23rd. Investors of record on Monday, July 7th will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 2.02%. The ex-dividend date is Monday, July 7th. Werner Enterprises's dividend payout ratio (DPR) is presently 193.10%.

Wall Street Analyst Weigh In

WERN has been the topic of several research reports. Wall Street Zen cut Werner Enterprises from a "hold" rating to a "sell" rating in a research note on Thursday, May 8th. Citigroup increased their price target on Werner Enterprises from $29.00 to $31.00 and gave the company a "neutral" rating in a research note on Wednesday, July 9th. Bank of America increased their price target on Werner Enterprises from $26.00 to $27.00 and gave the company an "underperform" rating in a research note on Friday, June 13th. Stifel Nicolaus decreased their price target on Werner Enterprises from $29.00 to $24.00 and set a "hold" rating for the company in a research note on Thursday, May 1st. Finally, TD Cowen decreased their price target on Werner Enterprises from $33.00 to $30.00 and set a "buy" rating for the company in a research note on Wednesday, April 30th. Seven research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $30.40.

About Werner Enterprises

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.