Empower Advisory Group LLC Raises Stock Holdings in Werner Enterprises, Inc. (NASDAQ:WERN)

Empower Advisory Group LLC increased its position in shares of Werner Enterprises, Inc. (NASDAQ:WERN - Free Report) by 4.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 379,236 shares of the transportation company's stock after buying an additional 16,450 shares during the period. Empower Advisory Group LLC owned 0.61% of Werner Enterprises worth $13,622,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Blue Trust Inc. grew its holdings in Werner Enterprises by 64.7% in the fourth quarter. Blue Trust Inc. now owns 1,308 shares of the transportation company's stock valued at $50,000 after purchasing an additional 514 shares during the period. International Assets Investment Management LLC grew its stake in Werner Enterprises by 2,390.3% in the 3rd quarter. International Assets Investment Management LLC now owns 1,544 shares of the transportation company's stock valued at $60,000 after acquiring an additional 1,482 shares during the period. KBC Group NV increased its holdings in Werner Enterprises by 43.1% in the 3rd quarter. KBC Group NV now owns 2,071 shares of the transportation company's stock worth $80,000 after acquiring an additional 624 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Werner Enterprises in the 3rd quarter worth $96,000. Finally, SG Americas Securities LLC acquired a new position in Werner Enterprises during the third quarter worth $102,000. Institutional investors and hedge funds own 89.32% of the company's stock.

Analyst Ratings Changes

Several analysts have recently issued reports on WERN shares. Evercore ISI dropped their target price on shares of Werner Enterprises from $35.00 to $32.00 and set an "in-line" rating on the stock in a research report on Wednesday, October 30th. Wells Fargo & Company lowered their price objective on Werner Enterprises from $36.00 to $34.00 and set an "underweight" rating on the stock in a report on Friday, February 7th. TD Cowen increased their target price on Werner Enterprises from $40.00 to $41.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. StockNews.com raised Werner Enterprises from a "sell" rating to a "hold" rating in a research note on Thursday. Finally, 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 research report on Wednesday, October 30th. Five research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $37.29.

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Werner Enterprises Trading Down 1.1 %

Shares of WERN traded down $0.37 during midday trading on Friday, reaching $33.70. The company had a trading volume of 918,317 shares, compared to its average volume of 715,598. Werner Enterprises, Inc. has a 1-year low of $32.39 and a 1-year high of $42.48. The company has a quick ratio of 1.48, a current ratio of 1.52 and a debt-to-equity ratio of 0.43. The firm has a 50 day simple moving average of $35.91 and a 200-day simple moving average of $37.27. The stock has a market cap of $2.08 billion, a PE ratio of 61.27 and a beta of 0.84.

Werner Enterprises (NASDAQ:WERN - Get Free Report) last announced 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 2.27%. Research analysts forecast that Werner Enterprises, Inc. will post 1.27 EPS for the current fiscal year.

Werner Enterprises Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Monday, April 14th will be issued a dividend of $0.14 per share. The ex-dividend date of this dividend is Monday, April 14th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.66%. Werner Enterprises's dividend payout ratio is currently 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.