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

Allspring Global Investments Holdings LLC raised its stake in shares of Werner Enterprises, Inc. (NASDAQ:WERN - Free Report) by 10.5% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 1,835,187 shares of the transportation company's stock after buying an additional 174,341 shares during the period. Allspring Global Investments Holdings LLC owned about 2.97% of Werner Enterprises worth $53,844,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in shares of Werner Enterprises by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 6,730,457 shares of the transportation company's stock worth $241,758,000 after acquiring an additional 32,228 shares in the last quarter. Deprince Race & Zollo Inc. raised its holdings in Werner Enterprises by 0.9% in the 4th quarter. Deprince Race & Zollo Inc. now owns 2,121,696 shares of the transportation company's stock worth $76,211,000 after purchasing an additional 19,370 shares during the period. American Century Companies Inc. boosted 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 worth $71,380,000 after purchasing an additional 234,811 shares in the last quarter. Maple Rock Capital Partners Inc. acquired a new position in shares of Werner Enterprises during the 4th quarter worth approximately $35,257,000. Finally, Wellington Management Group LLP purchased a new position in shares of Werner Enterprises during the 4th quarter valued at approximately $31,634,000. 89.32% of the stock is owned by institutional investors and hedge funds.

Werner Enterprises Trading Down 0.6%

Werner Enterprises stock traded down $0.18 during trading on Thursday, reaching $29.08. 439,505 shares of the company were exchanged, compared to its average volume of 793,278. The stock's 50 day simple moving average is $27.08 and its two-hundred day simple moving average is $30.94. The company has a market capitalization of $1.80 billion, a P/E ratio of 100.26, a PEG ratio of 1.33 and a beta of 1.07. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.66 and a quick ratio of 1.62. Werner Enterprises, Inc. has a 52-week low of $23.02 and a 52-week high of $42.48.

Werner Enterprises (NASDAQ:WERN - Get Free Report) last issued its earnings results on Tuesday, April 29th. The transportation company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.12 by ($0.24). Werner Enterprises had a return on equity of 1.20% and a net margin of 0.60%. The company had revenue of $712.11 million during the quarter, compared to analyst estimates of $738.41 million. During the same period last year, the business earned $0.14 earnings per share. The firm's revenue was down 7.4% compared to the same quarter last year. On average, equities research analysts expect that Werner Enterprises, Inc. will post 1.27 earnings per share for the current fiscal year.

Werner Enterprises Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 23rd. Shareholders of record on Monday, July 7th will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date of this dividend is Monday, July 7th. Werner Enterprises's dividend payout ratio (DPR) is presently 193.10%.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Stifel Nicolaus cut their price target on shares of Werner Enterprises from $29.00 to $24.00 and set a "hold" rating for the company in a report on Thursday, May 1st. Bank of America boosted their target price on shares of Werner Enterprises from $26.00 to $27.00 and gave the stock an "underperform" rating in a research note on Friday, June 13th. TD Cowen reduced their price target on shares of Werner Enterprises from $33.00 to $30.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. Wall Street Zen cut Werner Enterprises from a "hold" rating to a "sell" rating in a report on Thursday, May 8th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Werner Enterprises in a research note on Friday, March 7th. They set a "hold" rating and a $33.00 price objective for the company. Seven analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Werner Enterprises currently has an average rating of "Hold" and an average target price of $30.27.

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.