Werner Enterprises, Inc. (NASDAQ:WERN) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. trimmed its stake in Werner Enterprises, Inc. (NASDAQ:WERN - Free Report) by 1.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,467,974 shares of the transportation company's stock after selling 46,092 shares during the period. Victory Capital Management Inc. owned 5.61% of Werner Enterprises worth $124,570,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of WERN. International Assets Investment Management LLC increased its stake in shares of 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 worth $60,000 after purchasing an additional 1,482 shares in the last quarter. US Bancorp DE boosted its holdings in Werner Enterprises by 271.1% in the 3rd quarter. US Bancorp DE now owns 4,776 shares of the transportation company's stock worth $184,000 after buying an additional 3,489 shares during the period. Atria Investments Inc boosted its holdings in Werner Enterprises by 34.2% in the 3rd quarter. Atria Investments Inc now owns 8,150 shares of the transportation company's stock worth $315,000 after buying an additional 2,079 shares during the period. State of New Jersey Common Pension Fund D boosted its holdings in Werner Enterprises by 3.6% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 53,136 shares of the transportation company's stock worth $2,051,000 after buying an additional 1,858 shares during the period. Finally, Empower Advisory Group LLC boosted its holdings in Werner Enterprises by 4.8% in the 3rd quarter. Empower Advisory Group LLC now owns 362,786 shares of the transportation company's stock worth $14,000,000 after buying an additional 16,637 shares during the period. 89.32% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

Several research analysts recently weighed in on WERN shares. Barclays dropped their target price on shares of Werner Enterprises from $40.00 to $38.00 and set an "equal weight" rating for the company in a report on Friday, February 7th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Werner Enterprises in a report on Friday. They issued a "hold" rating and a $33.00 target price for the company. Stifel Nicolaus increased their price objective 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. StockNews.com raised shares of Werner Enterprises from a "sell" rating to a "hold" rating in a report on Thursday, February 20th. Finally, Wells Fargo & Company lowered their price target on shares of Werner Enterprises from $36.00 to $34.00 and set an "underweight" rating for the company in a report on Friday, February 7th. Five investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, Werner Enterprises presently has an average rating of "Hold" and a consensus target price of $37.00.

Werner Enterprises Trading Down 0.2 %

Shares of Werner Enterprises stock traded down $0.08 during mid-day trading on Friday, hitting $32.20. The stock had a trading volume of 1,377,271 shares, compared to its average volume of 742,049. The firm has a 50-day moving average of $35.02 and a two-hundred day moving average of $36.94. Werner Enterprises, Inc. has a 12-month low of $30.90 and a 12-month 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 market cap of $1.99 billion, a P/E ratio of 58.55 and a beta of 0.85.

Werner Enterprises (NASDAQ:WERN - Get Free Report) last posted its quarterly 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 net margin of 1.13% and a return on equity of 2.27%. Sell-side analysts forecast that Werner Enterprises, Inc. will post 1.27 earnings per share for the current year.

Werner Enterprises Announces Dividend

The firm 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 of this dividend is Monday, April 14th. This represents a $0.56 dividend on an annualized basis and a yield of 1.74%. Werner Enterprises's dividend payout ratio (DPR) is presently 101.82%.

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.