Corient Private Wealth LP Makes New $3.14 Million Investment in Werner Enterprises, Inc. $WERN

Key Points

• Corient Private Wealth LP acquired 72,091 Werner Enterprises shares worth approximately $3.14 million, giving it a 0.12% stake. Institutional investors collectively own 89.32% of the company.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $41.54. Recent targets range from $40 to $48, while the stock opened at $37.84.
• Werner missed quarterly expectations, reporting $0.22 in EPS versus $0.24 expected and revenue of $813.36 million versus $931.12 million expected. The company declared a quarterly dividend of $0.14 per share, equivalent to a 1.5% annual yield.

Corient Private Wealth LP acquired a new stake in shares of Werner Enterprises, Inc. (NASDAQ:WERN - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 72,091 shares of the transportation company's stock, valued at approximately $3,144,000. Corient Private Wealth LP owned 0.12% of Werner Enterprises as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Allworth Financial LP bought a new position in Werner Enterprises during the 2nd quarter valued at about $38,000. Global Retirement Partners LLC acquired a new stake in shares of Werner Enterprises during the second quarter worth approximately $45,000. PNC Financial Services Group Inc. raised its stake in shares of Werner Enterprises by 41.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,324 shares of the transportation company's stock valued at $70,000 after acquiring an additional 679 shares during the last quarter. Covestor Ltd raised its stake in shares of Werner Enterprises by 28.3% in the fourth quarter. Covestor Ltd now owns 3,261 shares of the transportation company's stock valued at $98,000 after acquiring an additional 719 shares during the last quarter. Finally, Bayforest Capital Ltd acquired a new position in shares of Werner Enterprises in the 2nd quarter worth approximately $128,000. Institutional investors own 89.32% of the company's stock.

Wall Street Analyst Weigh In

WERN has been the topic of several research analyst reports. Stifel Nicolaus increased their price target on shares of Werner Enterprises from $36.00 to $40.00 and gave the company a "hold" rating in a research note on Monday, July 13th. Robert W. Baird upgraded shares of Werner Enterprises from a "neutral" rating to an "outperform" rating and set a $43.00 price objective for the company in a research report on Thursday, July 30th. Citigroup boosted their price objective on shares of Werner Enterprises from $37.00 to $47.00 and gave the stock a "neutral" rating in a research report on Thursday, July 9th. The Goldman Sachs Group upped their price objective on Werner Enterprises from $43.00 to $48.00 and gave the stock a "buy" rating in a report on Tuesday, June 23rd. Finally, TD Cowen lowered their target price on Werner Enterprises from $43.00 to $41.00 and set a "hold" rating for the company in a research note on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $41.54.

Werner Enterprises Trading Down 3.4%

WERN opened at $37.84 on Wednesday. The firm's fifty day moving average is $40.76 and its two-hundred day moving average is $37.02. The firm has a market cap of $2.27 billion, a PE ratio of -49.79, a price-to-earnings-growth ratio of 0.68 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 debt-to-equity ratio of 0.60, a quick ratio of 1.42 and a current ratio of 1.45.

Werner Enterprises (NASDAQ:WERN - Get Free Report) last posted its earnings results on Tuesday, July 28th. The transportation company reported $0.22 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 was up 24.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.11 earnings per share. Equities research analysts anticipate that Werner Enterprises, Inc. will post 1.14 EPS for the current year.

Werner Enterprises Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 21st. Shareholders of record on Monday, October 5th will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Monday, October 5th. Werner Enterprises's dividend payout ratio is -73.68%.

About Werner Enterprises

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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