UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 16,366 Shares of Werner Enterprises, Inc. (NASDAQ:WERN)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Werner Enterprises, Inc. (NASDAQ:WERN - Free Report) by 14.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 126,453 shares of the transportation company's stock after purchasing an additional 16,366 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.20% of Werner Enterprises worth $4,542,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of WERN. Maple Rock Capital Partners Inc. bought a new stake in shares of Werner Enterprises in the fourth quarter valued at $35,257,000. Wellington Management Group LLP bought a new stake in shares of Werner Enterprises during the 4th quarter valued at $31,634,000. American Century Companies Inc. raised its stake in shares of Werner Enterprises by 13.4% during the 4th quarter. American Century Companies Inc. now owns 1,987,187 shares of the transportation company's stock valued at $71,380,000 after purchasing an additional 234,811 shares during the period. Allspring Global Investments Holdings LLC raised its stake in shares of Werner Enterprises by 9.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,660,846 shares of the transportation company's stock valued at $59,010,000 after purchasing an additional 143,953 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in shares of Werner Enterprises by 145.2% during the 4th quarter. JPMorgan Chase & Co. now owns 210,389 shares of the transportation company's stock valued at $7,557,000 after purchasing an additional 124,574 shares during the period. Hedge funds and other institutional investors own 89.32% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on WERN. Susquehanna decreased their price objective on Werner Enterprises from $32.00 to $23.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 30th. Deutsche Bank Aktiengesellschaft assumed coverage on Werner Enterprises in a research note on Friday, March 7th. They set a "hold" rating and a $33.00 price objective on the stock. TD Cowen decreased their target price on Werner Enterprises from $33.00 to $30.00 and set a "buy" rating on the stock in a research note on Wednesday, April 30th. Barclays cut their price objective 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. Finally, The Goldman Sachs Group upgraded Werner Enterprises from a "sell" rating to a "buy" rating and raised their price target for the stock from $25.00 to $39.00 in a research report on Monday. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, Werner Enterprises has an average rating of "Hold" and a consensus target price of $30.77.

Werner Enterprises Trading Down 0.1%

NASDAQ WERN traded down $0.04 on Thursday, hitting $26.99. The company's stock had a trading volume of 1,246,271 shares, compared to its average volume of 838,709. Werner Enterprises, Inc. has a 52-week low of $23.02 and a 52-week high of $42.48. The company has a current ratio of 1.52, a quick ratio of 1.48 and a debt-to-equity ratio of 0.43. The company's 50-day simple moving average is $27.31 and its 200 day simple moving average is $32.62. The firm has a market cap of $1.67 billion, a P/E ratio of 49.07 and a beta of 1.09.

Werner Enterprises (NASDAQ:WERN - Get Free Report) last released its earnings results on Tuesday, April 29th. The transportation company reported ($0.12) EPS for the quarter, missing analysts' consensus estimates 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 company's revenue for the quarter was down 7.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.14 EPS. Research analysts predict that Werner Enterprises, Inc. will post 1.27 EPS for the current fiscal year.

Werner Enterprises Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 23rd. Stockholders of record on Monday, July 7th will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date is Monday, July 7th. Werner Enterprises's payout ratio is presently 193.10%.

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.