Teacher Retirement System of Texas Acquires New Shares in Werner Enterprises, Inc. (NASDAQ:WERN)

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

Several other large investors also recently bought and sold shares of the business. Vanguard Group Inc. increased its position in Werner Enterprises by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 6,730,457 shares of the transportation company's stock valued at $241,758,000 after acquiring an additional 32,228 shares during the last quarter. Deprince Race & Zollo Inc. boosted its stake in shares of Werner Enterprises by 0.9% during the fourth quarter. Deprince Race & Zollo Inc. now owns 2,121,696 shares of the transportation company's stock valued at $76,211,000 after purchasing an additional 19,370 shares during the period. American Century Companies Inc. boosted its stake in shares of Werner Enterprises by 13.4% during the fourth 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 period. Allspring Global Investments Holdings LLC boosted its stake in shares of Werner Enterprises by 10.5% during the first 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, Maple Rock Capital Partners Inc. purchased a new stake in shares of Werner Enterprises during the fourth quarter valued at $35,257,000. Institutional investors own 89.32% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on WERN shares. Stifel Nicolaus lowered their target price on shares of Werner Enterprises from $29.00 to $24.00 and set a "hold" rating for the company in a research note on Thursday, May 1st. Barclays lowered their target price on shares of Werner Enterprises from $32.00 to $28.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 30th. Citigroup upped their price objective on shares of Werner Enterprises from $29.00 to $31.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 9th. Evercore ISI lowered shares of Werner Enterprises from an "in-line" rating to an "underperform" rating and lowered their price objective for the stock from $27.00 to $21.00 in a research note on Wednesday, April 30th. Finally, Wall Street Zen lowered shares of Werner Enterprises from a "hold" rating to a "sell" rating in a research note on Thursday, May 8th. Seven equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $30.40.

Werner Enterprises Stock Up 2.8%

Shares of WERN traded up $0.77 during mid-day trading on Tuesday, hitting $28.60. 327,560 shares of the company traded hands, compared to its average volume of 795,332. Werner Enterprises, Inc. has a 1-year low of $23.02 and a 1-year high of $42.48. The company has a quick ratio of 1.62, a current ratio of 1.66 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $1.77 billion, a PE ratio of 98.43, a price-to-earnings-growth ratio of 1.64 and a beta of 1.07. The business has a 50 day moving average of $27.64 and a 200 day moving average of $30.22.

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

Werner Enterprises Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 23rd. Investors of record on Monday, July 7th will be issued a $0.14 dividend. The ex-dividend date is Monday, July 7th. This represents a $0.56 annualized dividend and a yield of 1.96%. Werner Enterprises's dividend payout ratio (DPR) is presently 193.10%.

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.