Congress Asset Management Co. Has $14.84 Million Stake in Werner Enterprises, Inc. (NASDAQ:WERN)

Congress Asset Management Co. raised its stake in Werner Enterprises, Inc. (NASDAQ:WERN - Free Report) by 11.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 413,186 shares of the transportation company's stock after acquiring an additional 43,528 shares during the period. Congress Asset Management Co. owned about 0.67% of Werner Enterprises worth $14,842,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Legato Capital Management LLC increased its position in shares of Werner Enterprises by 1.9% during the 4th quarter. Legato Capital Management LLC now owns 51,065 shares of the transportation company's stock worth $1,834,000 after purchasing an additional 941 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in Werner Enterprises by 9.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,660,846 shares of the transportation company's stock worth $59,010,000 after buying an additional 143,953 shares during the last quarter. Alliance Wealth Advisors LLC UT increased its holdings in shares of Werner Enterprises by 6.2% during the fourth quarter. Alliance Wealth Advisors LLC UT now owns 14,107 shares of the transportation company's stock worth $507,000 after buying an additional 829 shares in the last quarter. KBC Group NV raised its stake in shares of Werner Enterprises by 43.7% in the fourth 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. Finally, Blue Trust Inc. boosted its holdings in shares of Werner Enterprises by 64.7% in the 4th quarter. Blue Trust Inc. now owns 1,308 shares of the transportation company's stock worth $50,000 after acquiring an additional 514 shares in the last quarter. 89.32% of the stock is owned by institutional investors.

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Werner Enterprises Trading Down 0.3 %

Shares of WERN stock traded down $0.09 during trading hours on Thursday, reaching $34.07. The company had a trading volume of 380,097 shares, compared to its average volume of 709,457. The firm has a market cap of $2.11 billion, a price-to-earnings ratio of 61.95 and a beta of 0.84. Werner Enterprises, Inc. has a 1-year low of $33.12 and a 1-year high of $42.48. The company has a 50 day moving average of $36.13 and a 200 day moving average of $37.32. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.52 and a quick ratio of 1.48.

Werner Enterprises (NASDAQ:WERN - Get Free Report) last posted its earnings results on Thursday, February 6th. The transportation company reported $0.08 earnings per share for the quarter, missing the consensus estimate 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, equities research analysts anticipate that Werner Enterprises, Inc. will post 1.27 EPS for the current year.

Werner Enterprises Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Monday, April 14th will be issued a dividend of $0.14 per share. The ex-dividend date is Monday, April 14th. This represents a $0.56 annualized dividend and a yield of 1.64%. Werner Enterprises's dividend payout ratio (DPR) is currently 101.82%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Morgan Stanley dropped their price target on Werner Enterprises from $55.00 to $52.00 and set an "overweight" rating for the company in a report on Wednesday, October 30th. JPMorgan Chase & Co. lowered their target price on Werner Enterprises from $37.00 to $34.00 and set an "underweight" rating for the company in a research note on Wednesday, October 30th. Barclays reduced their price target on shares of Werner Enterprises from $40.00 to $38.00 and set an "equal weight" rating on the stock in a research report on Friday, February 7th. Susquehanna upgraded shares of Werner Enterprises from a "negative" rating to a "neutral" rating and set a $38.00 price objective for the company in a research report on Friday, January 3rd. Finally, Wells Fargo & Company dropped their target price on shares of Werner Enterprises from $36.00 to $34.00 and set an "underweight" rating for the company in a research note on Friday, February 7th. Five equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Werner Enterprises has an average rating of "Hold" and an average price target of $37.29.

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.