American Century Companies Inc. Buys 234,811 Shares of Werner Enterprises, Inc. (NASDAQ:WERN)

American Century Companies Inc. raised its stake in Werner Enterprises, Inc. (NASDAQ:WERN - Free Report) by 13.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,987,187 shares of the transportation company's stock after purchasing an additional 234,811 shares during the quarter. American Century Companies Inc. owned about 3.21% of Werner Enterprises worth $71,380,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of WERN. Blue Trust Inc. boosted its stake in shares of Werner Enterprises by 64.7% during the 4th quarter. Blue Trust Inc. now owns 1,308 shares of the transportation company's stock valued at $50,000 after buying an additional 514 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in Werner Enterprises during the 3rd quarter valued at $96,000. KBC Group NV boosted its stake in Werner Enterprises by 43.7% during the 4th quarter. KBC Group NV now owns 2,976 shares of the transportation company's stock valued at $107,000 after acquiring an additional 905 shares during the last quarter. SG Americas Securities LLC grew its holdings in Werner Enterprises by 59.1% during the 4th quarter. SG Americas Securities LLC now owns 4,187 shares of the transportation company's stock worth $150,000 after acquiring an additional 1,555 shares in the last quarter. Finally, Cim Investment Management Inc. bought a new stake in shares of Werner Enterprises in the 3rd quarter worth about $203,000. Institutional investors and hedge funds own 89.32% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on WERN shares. Barclays reduced their target price on Werner Enterprises from $40.00 to $38.00 and set an "equal weight" rating on the stock in a report on Friday, February 7th. Susquehanna reduced their price objective on Werner Enterprises from $39.00 to $32.00 and set a "neutral" rating on the stock in a research note on Wednesday. StockNews.com upgraded shares of Werner Enterprises from a "sell" rating to a "hold" rating in a research note on Wednesday, March 19th. Wells Fargo & Company reduced their price target on shares of Werner Enterprises from $34.00 to $27.00 and set an "underweight" rating on the stock in a research report on Thursday. Finally, Stifel Nicolaus lifted their price target on shares of Werner Enterprises from $30.00 to $35.00 and gave the company a "hold" rating in a report on Thursday, January 23rd. Five equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $36.13.

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Werner Enterprises Stock Down 1.6 %

NASDAQ WERN traded down $0.47 during trading on Friday, reaching $29.33. The company's stock had a trading volume of 527,598 shares, compared to its average volume of 764,177. The company has a current ratio of 1.52, a quick ratio of 1.48 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $1.81 billion, a PE ratio of 53.33 and a beta of 0.85. Werner Enterprises, Inc. has a 1-year low of $28.77 and a 1-year high of $42.48. The business has a 50-day moving average price of $33.23 and a 200-day moving average price of $36.22.

Werner Enterprises (NASDAQ:WERN - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.08 earnings per share for the quarter, missing analysts' consensus estimates of $0.23 by ($0.15). Werner Enterprises had a return on equity of 2.27% and a net margin of 1.13%. On average, research analysts forecast that Werner Enterprises, Inc. will post 1.27 earnings per share for the current fiscal year.

Werner Enterprises Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Monday, April 14th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date of this dividend is Monday, April 14th. Werner Enterprises's dividend payout ratio is 101.82%.

Werner Enterprises 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.