Werner Enterprises, Inc. (NASDAQ:WERN) Shares Bought by Congress Asset Management Co.

Congress Asset Management Co. grew its stake in shares of Werner Enterprises, Inc. (NASDAQ:WERN - Free Report) by 5.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 434,772 shares of the transportation company's stock after buying an additional 21,586 shares during the quarter. Congress Asset Management Co. owned about 0.70% of Werner Enterprises worth $12,739,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WERN. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Werner Enterprises by 69.7% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,176 shares of the transportation company's stock valued at $34,000 after acquiring an additional 483 shares during the period. Headlands Technologies LLC bought a new stake in Werner Enterprises in the 4th quarter valued at $39,000. Blue Trust Inc. boosted its holdings in Werner Enterprises by 64.7% in the 4th quarter. Blue Trust Inc. now owns 1,308 shares of the transportation company's stock valued at $50,000 after purchasing an additional 514 shares during the period. Sterling Capital Management LLC boosted its holdings in Werner Enterprises by 796.3% in the 4th quarter. Sterling Capital Management LLC now owns 1,703 shares of the transportation company's stock valued at $61,000 after purchasing an additional 1,513 shares during the period. Finally, Quadrant Capital Group LLC raised its stake in shares of Werner Enterprises by 35.7% in the 4th quarter. Quadrant Capital Group LLC now owns 2,431 shares of the transportation company's stock valued at $87,000 after buying an additional 639 shares in the last quarter. 89.32% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Werner Enterprises in a research report on Friday, March 7th. They issued a "hold" rating and a $33.00 price objective for the company. Citigroup raised shares of Werner Enterprises from a "sell" rating to a "neutral" rating and cut their price target for the company from $32.00 to $29.00 in a research note on Tuesday, April 8th. Wells Fargo & Company cut their price objective on shares of Werner Enterprises from $27.00 to $24.00 and set an "underweight" rating on the stock in a research report on Wednesday, April 30th. The Goldman Sachs Group raised shares of Werner Enterprises from a "sell" rating to a "buy" rating and boosted their price objective for the stock from $25.00 to $39.00 in a research report on Monday, June 2nd. Finally, Stifel Nicolaus lowered their target price on shares of Werner Enterprises from $29.00 to $24.00 and set a "hold" rating on the stock in a report on Thursday, May 1st. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $30.77.

Werner Enterprises Stock Performance

NASDAQ WERN traded down $0.14 during trading hours on Friday, hitting $26.85. The company's stock had a trading volume of 732,179 shares, compared to its average volume of 841,177. Werner Enterprises, Inc. has a 12 month low of $23.02 and a 12 month high of $42.48. The company's 50 day simple moving average is $27.21 and its two-hundred day simple moving average is $32.40. The company has a market cap of $1.66 billion, a P/E ratio of 48.82 and a beta of 1.06. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.52 and a quick ratio of 1.48.

Werner Enterprises (NASDAQ:WERN - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The transportation company reported ($0.12) earnings per share for the quarter, missing analysts' consensus estimates of $0.12 by ($0.24). The company had revenue of $712.11 million for the quarter, compared to analysts' expectations of $738.41 million. Werner Enterprises had a net margin of 1.13% and a return on equity of 2.27%. The firm's quarterly revenue was down 7.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.14 earnings per share. As a group, sell-side analysts expect that Werner Enterprises, Inc. will post 1.27 EPS for the current fiscal year.

Werner Enterprises Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 23rd. Stockholders of record on Monday, July 7th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 2.09%. The ex-dividend date is Monday, July 7th. Werner Enterprises's dividend payout ratio is currently 193.10%.

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.