Silvercrest Asset Management Group LLC Boosts Holdings in Werner Enterprises, Inc. (NASDAQ:WERN)

Silvercrest Asset Management Group LLC lifted its holdings in Werner Enterprises, Inc. (NASDAQ:WERN - Free Report) by 18.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 214,803 shares of the transportation company's stock after acquiring an additional 33,633 shares during the period. Silvercrest Asset Management Group LLC owned approximately 0.35% of Werner Enterprises worth $7,716,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Headlands Technologies LLC acquired a new position in Werner Enterprises during the 4th quarter worth approximately $39,000. Blue Trust Inc. boosted its stake in shares of 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 last quarter. Sterling Capital Management LLC boosted its stake in shares of 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 last quarter. Quadrant Capital Group LLC boosted its stake in Werner Enterprises by 35.7% during the fourth quarter. Quadrant Capital Group LLC now owns 2,431 shares of the transportation company's stock worth $87,000 after acquiring an additional 639 shares in the last quarter. Finally, KBC Group NV boosted its stake in Werner Enterprises by 43.7% during the fourth quarter. KBC Group NV now owns 2,976 shares of the transportation company's stock worth $107,000 after acquiring an additional 905 shares in the last quarter. Institutional investors and hedge funds own 89.32% of the company's stock.

Werner Enterprises Stock Down 1.5%

Shares of WERN stock traded down $0.40 on Friday, hitting $25.76. The stock had a trading volume of 696,856 shares, compared to its average volume of 830,571. The business has a 50 day moving average of $27.84 and a 200 day moving average of $33.36. The stock has a market cap of $1.59 billion, a price-to-earnings ratio of 46.84 and a beta of 1.09. 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, 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 announced its earnings results on Tuesday, April 29th. The transportation company reported ($0.12) EPS for the quarter, missing the consensus estimate of $0.12 by ($0.24). The firm had revenue of $712.11 million during 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 business's revenue for the quarter was down 7.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.14 EPS. As a group, 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. Investors 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 yield of 2.17%. Werner Enterprises's dividend payout ratio (DPR) is presently 193.10%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Wall Street Zen lowered shares of Werner Enterprises from a "hold" rating to a "sell" rating in a research note on Thursday, May 8th. The Goldman Sachs Group lowered their price objective on shares of Werner Enterprises from $28.00 to $25.00 and set a "sell" rating on the stock in a report on Wednesday, April 30th. Stifel Nicolaus lowered their price objective 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. Susquehanna lowered their price objective on shares of Werner Enterprises from $32.00 to $23.00 and set a "neutral" rating on the stock in a report on Wednesday, April 30th. Finally, UBS Group lowered their price objective on shares of Werner Enterprises from $30.00 to $27.00 and set a "neutral" rating on the stock in a report on Monday, May 5th. Five research analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $29.69.

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.