Allspring Global Investments Holdings LLC Increases Stock Holdings in Werner Enterprises, Inc. (NASDAQ:WERN)

Allspring Global Investments Holdings LLC raised its stake in Werner Enterprises, Inc. (NASDAQ:WERN - Free Report) by 3.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,516,893 shares of the transportation company's stock after purchasing an additional 56,551 shares during the period. Allspring Global Investments Holdings LLC owned 2.45% of Werner Enterprises worth $58,537,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in Werner Enterprises by 9.7% in the 4th quarter. Vanguard Group Inc. now owns 6,420,141 shares of the transportation company's stock valued at $272,021,000 after buying an additional 565,193 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in Werner Enterprises by 16.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 8,892 shares of the transportation company's stock worth $377,000 after acquiring an additional 1,245 shares during the period. Norden Group LLC grew its holdings in shares of Werner Enterprises by 1,048.4% during the 1st quarter. Norden Group LLC now owns 91,312 shares of the transportation company's stock valued at $3,572,000 after purchasing an additional 83,361 shares during the last quarter. Diversify Advisory Services LLC bought a new position in Werner Enterprises in the 1st quarter valued at approximately $267,000. Finally, BNP Paribas Financial Markets grew its stake in shares of Werner Enterprises by 59.3% during the first quarter. BNP Paribas Financial Markets now owns 33,188 shares of the transportation company's stock worth $1,298,000 after buying an additional 12,355 shares during the last quarter. 89.32% of the stock is currently owned by institutional investors and hedge funds.

Werner Enterprises Stock Up 0.9 %

Werner Enterprises stock traded up $0.34 during mid-day trading on Tuesday, reaching $37.70. The stock had a trading volume of 671,159 shares, compared to its average volume of 746,827. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.64 and a current ratio of 1.69. Werner Enterprises, Inc. has a fifty-two week low of $33.12 and a fifty-two week high of $43.26. The stock's 50-day simple moving average is $37.04 and its 200-day simple moving average is $36.74. The firm has a market capitalization of $2.33 billion, a PE ratio of 37.76, a price-to-earnings-growth ratio of 11.84 and a beta of 0.79.

Werner Enterprises (NASDAQ:WERN - Get Free Report) last released its quarterly earnings data on Tuesday, July 30th. The transportation company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.03). Werner Enterprises had a return on equity of 4.70% and a net margin of 1.99%. The business had revenue of $760.80 million for the quarter, compared to analyst estimates of $769.81 million. During the same quarter in the previous year, the company posted $0.52 EPS. The business's quarterly revenue was down 6.2% on a year-over-year basis. On average, sell-side analysts forecast that Werner Enterprises, Inc. will post 0.87 EPS for the current fiscal year.

Werner Enterprises Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 23rd. Shareholders of record on Monday, October 7th will be paid a dividend of $0.14 per share. The ex-dividend date is Monday, October 7th. This represents a $0.56 dividend on an annualized basis and a yield of 1.49%. Werner Enterprises's dividend payout ratio (DPR) is currently 56.57%.

Analysts Set New Price Targets

Several analysts have recently weighed in on WERN shares. Evercore ISI reduced their price target on Werner Enterprises from $37.00 to $35.00 and set an "in-line" rating on the stock in a report on Thursday, October 3rd. UBS Group downgraded shares of Werner Enterprises from a "buy" rating to a "neutral" rating and set a $39.00 price target for the company. in a research note on Tuesday, July 9th. TD Cowen increased their price objective on Werner Enterprises from $38.00 to $43.00 and gave the company a "buy" rating in a report on Wednesday, July 31st. StockNews.com downgraded Werner Enterprises from a "hold" rating to a "sell" rating in a report on Tuesday, July 16th. Finally, Citigroup assumed coverage on Werner Enterprises in a research report on Wednesday, October 9th. They set a "sell" rating and a $34.00 price objective for the company. Seven research analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $37.57.

About Werner Enterprises

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.