Silvercrest Asset Management Group LLC Acquires 33,633 Shares of Werner Enterprises, Inc. (NASDAQ:WERN)

Silvercrest Asset Management Group LLC increased its holdings in Werner Enterprises, Inc. (NASDAQ:WERN - Free Report) by 18.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 214,803 shares of the transportation company's stock after acquiring an additional 33,633 shares during the quarter. Silvercrest Asset Management Group LLC owned about 0.35% of Werner Enterprises worth $7,716,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in WERN. CIBC Asset Management Inc raised its holdings in Werner Enterprises by 4.6% in the fourth quarter. CIBC Asset Management Inc now owns 6,168 shares of the transportation company's stock worth $222,000 after purchasing an additional 274 shares in the last quarter. Keybank National Association OH raised its holdings in Werner Enterprises by 1.5% in the fourth 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 in the last quarter. State of New Jersey Common Pension Fund D raised its holdings in Werner Enterprises by 0.7% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 53,495 shares of the transportation company's stock worth $1,922,000 after purchasing an additional 359 shares in the last quarter. Bank of Montreal Can raised its holdings in Werner Enterprises by 7.7% in the fourth quarter. Bank of Montreal Can now owns 6,761 shares of the transportation company's stock worth $243,000 after purchasing an additional 485 shares in the last quarter. Finally, Blue Trust Inc. raised its holdings in Werner Enterprises by 64.7% in the fourth quarter. Blue Trust Inc. now owns 1,308 shares of the transportation company's stock worth $50,000 after purchasing an additional 514 shares in the last quarter. Hedge funds and other institutional investors own 89.32% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on WERN shares. Deutsche Bank Aktiengesellschaft started coverage on Werner Enterprises in a report on Friday, March 7th. They issued a "hold" rating and a $33.00 price objective for the company. Barclays reduced their price target on Werner Enterprises from $32.00 to $28.00 and set an "equal weight" rating for the company in a report on Wednesday, April 30th. UBS Group reduced their price target on Werner Enterprises from $30.00 to $27.00 and set a "neutral" rating for the company in a report on Monday, May 5th. The Goldman Sachs Group reduced their price target on Werner Enterprises from $28.00 to $25.00 and set a "sell" rating for the company in a report on Wednesday, April 30th. Finally, Citigroup upgraded Werner Enterprises from a "sell" rating to a "neutral" rating and reduced their price target for the company from $32.00 to $29.00 in a report on Tuesday, April 8th. Five research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $29.69.

Werner Enterprises Stock Performance

Shares of Werner Enterprises stock traded down $0.40 during trading on Friday, hitting $25.76. 696,856 shares of the company's stock traded hands, compared to its average volume of 829,811. 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 1 year low of $23.02 and a 1 year high of $42.48. The stock has a market capitalization of $1.59 billion, a P/E ratio of 46.84 and a beta of 1.09. The business has a 50-day simple moving average of $27.84 and a 200-day simple moving average of $33.41.

Werner Enterprises (NASDAQ:WERN - Get Free Report) last announced its earnings results on Tuesday, April 29th. The transportation company reported ($0.12) earnings per share (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 return on equity of 2.27% and a net margin of 1.13%. The company's revenue for the quarter was down 7.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.14 earnings per share. As a group, analysts forecast that Werner Enterprises, Inc. will post 1.27 EPS for the current 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 given a $0.14 dividend. The ex-dividend date of this dividend is Monday, July 7th. This represents a $0.56 annualized dividend and a yield of 2.17%. Werner Enterprises's payout ratio is 193.10%.

Werner Enterprises 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.