Werner Enterprises, Inc. (NASDAQ:WERN) Shares Sold by Invesco Ltd.

Invesco Ltd. lowered its stake in shares of Werner Enterprises, Inc. (NASDAQ:WERN - Free Report) by 4.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 314,210 shares of the transportation company's stock after selling 14,478 shares during the quarter. Invesco Ltd. owned about 0.51% of Werner Enterprises worth $11,286,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Vanguard Group Inc. lifted its stake in shares of Werner Enterprises by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 6,730,457 shares of the transportation company's stock valued at $241,758,000 after purchasing an additional 32,228 shares in the last quarter. American Century Companies Inc. lifted its position in Werner Enterprises by 13.4% during the fourth quarter. American Century Companies Inc. now owns 1,987,187 shares of the transportation company's stock valued at $71,380,000 after buying an additional 234,811 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 period. Wellington Management Group LLP acquired a new stake in shares of Werner Enterprises in the fourth quarter worth $31,634,000. Finally, William Blair Investment Management LLC raised its stake in shares of Werner Enterprises by 2.2% in the 4th quarter. William Blair Investment Management LLC now owns 735,695 shares of the transportation company's stock valued at $26,426,000 after acquiring an additional 15,800 shares during the period. 89.32% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. StockNews.com downgraded Werner Enterprises from a "hold" rating to a "sell" rating in a report on Thursday, April 3rd. Deutsche Bank Aktiengesellschaft began coverage on Werner Enterprises in a report on Friday, March 7th. They set a "hold" rating and a $33.00 target price on the stock. Stifel Nicolaus decreased their price target on Werner Enterprises from $35.00 to $29.00 and set a "hold" rating for the company in a report on Monday, April 14th. Barclays dropped their price objective on shares of Werner Enterprises from $38.00 to $32.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 2nd. Finally, UBS Group dropped their price target on shares of Werner Enterprises from $36.00 to $30.00 and set a "neutral" rating on the stock in a research note on Tuesday. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $34.07.

Werner Enterprises Price Performance

Shares of NASDAQ WERN opened at $28.50 on Wednesday. The company has a current ratio of 1.52, a quick ratio of 1.48 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $1.76 billion, a price-to-earnings ratio of 51.82 and a beta of 1.06. Werner Enterprises, Inc. has a twelve month low of $26.50 and a twelve month high of $42.48. The business has a 50 day simple moving average of $30.30 and a 200-day simple moving average of $35.04.

Werner Enterprises (NASDAQ:WERN - Get Free Report) last released 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 net margin of 1.13% and a return on equity of 2.27%. As a group, equities research analysts expect 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 $0.14 dividend. The ex-dividend date is Monday, April 14th. This represents a $0.56 dividend on an annualized basis and a yield of 1.96%. Werner Enterprises's dividend payout ratio is currently 101.82%.

Werner Enterprises Company 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.

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