Allspring Global Investments Holdings LLC Buys 143,953 Shares of Werner Enterprises, Inc. (NASDAQ:WERN)

Allspring Global Investments Holdings LLC boosted its stake in Werner Enterprises, Inc. (NASDAQ:WERN - Free Report) by 9.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,660,846 shares of the transportation company's stock after buying an additional 143,953 shares during the period. Allspring Global Investments Holdings LLC owned approximately 2.69% of Werner Enterprises worth $59,010,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Nuance Investments LLC grew its position in shares of Werner Enterprises by 24.5% during the 3rd quarter. Nuance Investments LLC now owns 3,943,893 shares of the transportation company's stock worth $152,195,000 after purchasing an additional 776,277 shares in the last quarter. abrdn plc grew its position in Werner Enterprises by 26.9% during the third quarter. abrdn plc now owns 497,430 shares of the transportation company's stock worth $19,196,000 after buying an additional 105,488 shares in the last quarter. Moody Aldrich Partners LLC acquired a new stake in Werner Enterprises during the third quarter worth approximately $2,316,000. Barclays PLC increased its stake in Werner Enterprises by 12.8% during the 3rd quarter. Barclays PLC now owns 435,447 shares of the transportation company's stock worth $16,804,000 after acquiring an additional 49,568 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in Werner Enterprises by 6.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 680,673 shares of the transportation company's stock valued at $26,267,000 after acquiring an additional 43,074 shares in the last quarter. 89.32% of the stock is owned by institutional investors.

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Werner Enterprises Price Performance

WERN traded up $0.40 on Monday, reaching $34.81. The stock had a trading volume of 540,262 shares, compared to its average volume of 727,006. The firm has a 50-day moving average of $36.34 and a 200-day moving average of $37.36. Werner Enterprises, Inc. has a fifty-two week low of $33.12 and a fifty-two week high of $42.48. The company has a market capitalization of $2.15 billion, a price-to-earnings ratio of 63.29, a price-to-earnings-growth ratio of 15.58 and a beta of 0.84. The company has a current ratio of 1.53, a quick ratio of 1.49 and a debt-to-equity ratio of 0.48.

Werner Enterprises (NASDAQ:WERN - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.08 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.23 by ($0.15). Werner Enterprises had a net margin of 1.13% and a return on equity of 2.26%. As a group, sell-side analysts anticipate that Werner Enterprises, Inc. will post 1.31 EPS for the current year.

Analysts Set New Price Targets

WERN has been the topic of several analyst reports. JPMorgan Chase & Co. reduced their target price on Werner Enterprises from $37.00 to $34.00 and set an "underweight" rating on the stock in a report on Wednesday, October 30th. Evercore ISI cut their price objective on shares of Werner Enterprises from $35.00 to $32.00 and set an "in-line" rating for the company in a research report on Wednesday, October 30th. Morgan Stanley dropped their target price on shares of Werner Enterprises from $55.00 to $52.00 and set an "overweight" rating for the company in a research report on Wednesday, October 30th. Wells Fargo & Company reduced their price target on shares of Werner Enterprises from $36.00 to $34.00 and set an "underweight" rating on the stock in a research report on Friday, February 7th. Finally, Susquehanna raised shares of Werner Enterprises from a "negative" rating to a "neutral" rating and set a $38.00 price objective on the stock in a research note on Friday, January 3rd. Five equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $37.29.

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.