Holocene Advisors LP raised its position in shares of Werner Enterprises, Inc. (NASDAQ:WERN) by 53.5% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 42,991 shares of the transportation company’s stock after purchasing an additional 14,988 shares during the quarter. Holocene Advisors LP owned 0.06% of Werner Enterprises worth $1,336,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in WERN. NumerixS Investment Technologies Inc bought a new position in shares of Werner Enterprises during the 2nd quarter valued at approximately $71,000. Commonwealth Bank of Australia boosted its stake in Werner Enterprises by 41.3% in the 2nd quarter. Commonwealth Bank of Australia now owns 6,500 shares of the transportation company’s stock worth $202,000 after purchasing an additional 1,900 shares during the period. Northern Trust Corp boosted its stake in Werner Enterprises by 12.6% in the 2nd quarter. Northern Trust Corp now owns 900,396 shares of the transportation company’s stock worth $27,984,000 after purchasing an additional 100,501 shares during the period. GAM Holding AG boosted its stake in Werner Enterprises by 27.5% in the 2nd quarter. GAM Holding AG now owns 12,075 shares of the transportation company’s stock worth $375,000 after purchasing an additional 2,602 shares during the period. Finally, Pacer Advisors Inc. boosted its stake in Werner Enterprises by 958.7% in the 2nd quarter. Pacer Advisors Inc. now owns 19,204 shares of the transportation company’s stock worth $597,000 after purchasing an additional 17,390 shares during the period. Institutional investors and hedge funds own 68.25% of the company’s stock.

Several brokerages have recently issued reports on WERN. Stephens began coverage on Werner Enterprises in a report on Monday, July 1st. They set a “buy” rating on the stock. ValuEngine upgraded Werner Enterprises from a “sell” rating to a “hold” rating in a report on Wednesday, July 24th. Citigroup upgraded Werner Enterprises from a “neutral” rating to a “buy” rating and increased their price target for the company from $32.00 to $40.00 in a report on Tuesday, September 3rd. Morgan Stanley decreased their price target on Werner Enterprises from $42.00 to $41.00 and set an “overweight” rating on the stock in a report on Friday, July 26th. Finally, Deutsche Bank set a $39.00 price target on Werner Enterprises and gave the company a “buy” rating in a report on Thursday, July 11th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $38.67.

Shares of WERN opened at $34.79 on Wednesday. The company has a current ratio of 1.98, a quick ratio of 1.94 and a debt-to-equity ratio of 0.38. Werner Enterprises, Inc. has a 12 month low of $27.27 and a 12 month high of $37.15. The stock’s 50 day moving average is $32.43 and its two-hundred day moving average is $32.49. The firm has a market cap of $2.41 billion, a P/E ratio of 14.62, a PEG ratio of 1.69 and a beta of 1.23.

Werner Enterprises (NASDAQ:WERN) last issued its quarterly earnings results on Thursday, July 25th. The transportation company reported $0.63 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.64 by ($0.01). The firm had revenue of $627.53 million during the quarter, compared to analyst estimates of $634.67 million. Werner Enterprises had a return on equity of 15.11% and a net margin of 7.26%. The business’s revenue was up 1.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.61 earnings per share. Equities research analysts forecast that Werner Enterprises, Inc. will post 2.42 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 22nd. Shareholders of record on Monday, October 7th will be paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date is Friday, October 4th. Werner Enterprises’s dividend payout ratio (DPR) is currently 15.13%.

Werner Enterprises Company Profile

Werner Enterprises, Inc, a transportation and logistics company, engages in transporting truckload shipments of general commodities in interstate and intrastate commerce in the United States, Mexico, Canada, and China. It operates in two segments, Truckload Transportation Services and Werner Logistics.

Recommended Story: What is diluted earnings per share (Diluted EPS)?

Want to see what other hedge funds are holding WERN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Werner Enterprises, Inc. (NASDAQ:WERN).

Institutional Ownership by Quarter for Werner Enterprises (NASDAQ:WERN)

Receive News & Ratings for Werner Enterprises Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Werner Enterprises and related companies with MarketBeat.com's FREE daily email newsletter.