Teacher Retirement System of Texas Buys Shares of 9,035 Werner Enterprises, Inc. (NASDAQ:WERN)

Teacher Retirement System of Texas bought a new position in shares of Werner Enterprises, Inc. (NASDAQ:WERN - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 9,035 shares of the transportation company's stock, valued at approximately $265,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Maple Rock Capital Partners Inc. purchased a new stake in Werner Enterprises during the 4th quarter worth about $35,257,000. Wellington Management Group LLP acquired a new stake in shares of Werner Enterprises during the fourth quarter worth about $31,634,000. American Century Companies Inc. lifted its holdings in shares of Werner Enterprises by 13.4% in the 4th quarter. American Century Companies Inc. now owns 1,987,187 shares of the transportation company's stock valued at $71,380,000 after purchasing an additional 234,811 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Werner Enterprises by 10.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,835,187 shares of the transportation company's stock valued at $53,844,000 after purchasing an additional 174,341 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in shares of Werner Enterprises by 145.2% in the 4th quarter. JPMorgan Chase & Co. now owns 210,389 shares of the transportation company's stock valued at $7,557,000 after purchasing an additional 124,574 shares during the period. Institutional investors and hedge funds own 89.32% of the company's stock.

Werner Enterprises Stock Performance

Shares of Werner Enterprises stock traded up $0.19 during trading on Wednesday, hitting $28.63. 949,871 shares of the stock were exchanged, compared to its average volume of 797,322. The stock's fifty day moving average is $27.64 and its 200 day moving average is $30.14. The stock has a market cap of $1.77 billion, a PE ratio of 98.72, a P/E/G ratio of 1.68 and a beta of 1.07. 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, Inc. has a 12 month low of $23.02 and a 12 month high of $42.48.

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

Werner Enterprises Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 23rd. Stockholders of record on Monday, July 7th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Monday, July 7th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.96%. Werner Enterprises's payout ratio is currently 193.10%.

Analyst Ratings Changes

WERN has been the subject of a number of analyst reports. UBS Group cut their target price on Werner Enterprises from $30.00 to $27.00 and set a "neutral" rating for the company in a research note on Monday, May 5th. Barclays cut their price objective on Werner Enterprises from $32.00 to $28.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 30th. Wells Fargo & Company cut their price objective on Werner Enterprises from $27.00 to $24.00 and set an "underweight" rating for the company in a research report on Wednesday, April 30th. Citigroup increased their target price on Werner Enterprises from $29.00 to $31.00 and gave the company a "neutral" rating in a report on Wednesday, July 9th. Finally, Susquehanna increased their target price on Werner Enterprises from $23.00 to $25.00 and gave the company a "neutral" rating in a report on Tuesday, June 24th. Seven investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $30.40.

Werner Enterprises Company 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.