Congress Asset Management Co. Purchases 33,891 Shares of Werner Enterprises, Inc. (NASDAQ:WERN)

Congress Asset Management Co. grew its position in Werner Enterprises, Inc. (NASDAQ:WERN - Free Report) by 10.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 369,658 shares of the transportation company's stock after buying an additional 33,891 shares during the quarter. Congress Asset Management Co. owned 0.60% of Werner Enterprises worth $14,265,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in WERN. Nuance Investments LLC grew its position in Werner Enterprises by 7.4% in the second quarter. Nuance Investments LLC now owns 3,167,616 shares of the transportation company's stock valued at $113,496,000 after acquiring an additional 219,074 shares during the last quarter. Deprince Race & Zollo Inc. grew its holdings in shares of Werner Enterprises by 37.1% during the 2nd quarter. Deprince Race & Zollo Inc. now owns 1,665,309 shares of the transportation company's stock valued at $59,668,000 after purchasing an additional 450,522 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in Werner Enterprises by 3.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,516,893 shares of the transportation company's stock worth $58,537,000 after purchasing an additional 56,551 shares in the last quarter. American Century Companies Inc. increased its position in Werner Enterprises by 15.5% during the 2nd quarter. American Century Companies Inc. now owns 1,506,663 shares of the transportation company's stock worth $53,984,000 after purchasing an additional 201,843 shares in the last quarter. Finally, AQR Capital Management LLC lifted its stake in Werner Enterprises by 65.5% in the 2nd quarter. AQR Capital Management LLC now owns 879,371 shares of the transportation company's stock valued at $31,455,000 after purchasing an additional 348,154 shares during the last quarter. Institutional investors own 89.32% of the company's stock.

Werner Enterprises Trading Up 1.8 %

Werner Enterprises stock traded up $0.65 during trading hours on Friday, reaching $37.54. 634,081 shares of the company's stock were exchanged, compared to its average volume of 754,724. The firm has a market capitalization of $2.32 billion, a PE ratio of 51.42, a PEG ratio of 12.04 and a beta of 0.79. The company has a quick ratio of 1.64, a current ratio of 1.53 and a debt-to-equity ratio of 0.48. The firm's 50 day simple moving average is $37.10 and its 200 day simple moving average is $36.76. Werner Enterprises, Inc. has a twelve month low of $33.12 and a twelve month high of $43.26.

Werner Enterprises (NASDAQ:WERN - Get Free Report) last issued its earnings results on Tuesday, October 29th. The transportation company reported $0.15 earnings per share for the quarter, missing analysts' consensus estimates of $0.21 by ($0.06). The business had revenue of $745.70 million during the quarter, compared to the consensus estimate of $765.24 million. Werner Enterprises had a return on equity of 3.58% and a net margin of 1.48%. The company's revenue for the quarter was down 8.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.42 earnings per share. Research analysts predict that Werner Enterprises, Inc. will post 0.85 earnings per share for the current year.

Werner Enterprises Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 23rd. Investors of record on Monday, October 7th were paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 1.49%. The ex-dividend date was Monday, October 7th. Werner Enterprises's dividend payout ratio is presently 76.71%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on WERN. Evercore ISI lowered their price target on shares of Werner Enterprises from $35.00 to $32.00 and set an "in-line" rating for the company in a report on Wednesday. Stephens lowered their target price on Werner Enterprises from $40.00 to $36.00 and set an "equal weight" rating for the company in a report on Monday, August 5th. Wells Fargo & Company cut their price target on Werner Enterprises from $38.00 to $35.00 and set an "underweight" rating on the stock in a research note on Wednesday. The Goldman Sachs Group lowered their price objective on Werner Enterprises from $37.00 to $33.00 and set a "sell" rating for the company in a research note on Wednesday, October 9th. Finally, Susquehanna cut their target price on shares of Werner Enterprises from $30.00 to $28.00 and set a "negative" rating on the stock in a research report on Friday. Seven investment analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Werner Enterprises has a consensus rating of "Hold" and an average target price of $36.36.

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.