Allspring Global Investments Holdings LLC Has $53.84 Million Position in Werner Enterprises, Inc. (NASDAQ:WERN)

Allspring Global Investments Holdings LLC boosted its holdings in shares of Werner Enterprises, Inc. (NASDAQ:WERN - Free Report) by 10.5% during the 1st 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 purchasing an additional 174,341 shares during the period. Allspring Global Investments Holdings LLC owned approximately 2.97% of Werner Enterprises worth $53,844,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of WERN. Norden Group LLC grew its position in Werner Enterprises by 20.6% during the 4th quarter. Norden Group LLC now owns 14,959 shares of the transportation company's stock worth $537,000 after purchasing an additional 2,555 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Werner Enterprises by 3.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 704,171 shares of the transportation company's stock worth $25,294,000 after purchasing an additional 23,498 shares during the last quarter. Keybank National Association OH grew its position in Werner Enterprises by 1.5% during the 4th quarter. Keybank National Association OH now owns 20,216 shares of the transportation company's stock worth $726,000 after purchasing an additional 305 shares during the last quarter. Atria Investments Inc grew its position in Werner Enterprises by 16.3% during the 4th quarter. Atria Investments Inc now owns 9,479 shares of the transportation company's stock worth $340,000 after purchasing an additional 1,329 shares during the last quarter. Finally, Arizona State Retirement System grew its position in Werner Enterprises by 3.4% during the 4th quarter. Arizona State Retirement System now owns 17,937 shares of the transportation company's stock worth $644,000 after purchasing an additional 590 shares during the last quarter. 89.32% of the stock is owned by hedge funds and other institutional investors.

Werner Enterprises Stock Up 4.2%

Shares of NASDAQ WERN traded up $1.15 during mid-day trading on Tuesday, reaching $28.51. The company had a trading volume of 1,186,124 shares, compared to its average volume of 795,616. The company has a market capitalization of $1.76 billion, a price-to-earnings ratio of 98.31, a PEG ratio of 1.27 and a beta of 1.07. The stock has a fifty day moving average of $27.06 and a two-hundred day moving average of $30.97. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.62 and a current ratio of 1.66. Werner Enterprises, Inc. has a 12-month low of $23.02 and a 12-month high of $42.48.

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

Werner Enterprises Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 23rd. Shareholders of record on Monday, July 7th will be issued a dividend of $0.14 per share. The ex-dividend date is Monday, July 7th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.96%. Werner Enterprises's payout ratio is presently 193.10%.

Wall Street Analyst Weigh In

WERN has been the subject of several recent analyst reports. Citigroup upgraded shares of Werner Enterprises from a "sell" rating to a "neutral" rating and reduced their target price for the stock from $32.00 to $29.00 in a research note on Tuesday, April 8th. TD Cowen reduced their target price on shares of Werner Enterprises from $33.00 to $30.00 and set a "buy" rating for the company in a research note on Wednesday, April 30th. Susquehanna raised their target price on shares of Werner Enterprises from $23.00 to $25.00 and gave the stock a "neutral" rating in a research note on Tuesday, June 24th. Robert W. Baird initiated coverage on shares of Werner Enterprises in a research note on Tuesday. They issued an "underperform" rating and a $25.00 target price for the company. Finally, Bank of America raised their price objective on shares of Werner Enterprises from $26.00 to $27.00 and gave the company an "underperform" rating in a research note on Friday, June 13th. Six investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $30.27.

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.