Werner Enterprises, Inc. (NASDAQ:WERN) Stock Holdings Lifted by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC raised its holdings in shares of Werner Enterprises, Inc. (NASDAQ:WERN - Free Report) by 8.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,373,458 shares of the transportation company's stock after acquiring an additional 103,818 shares during the period. Allspring Global Investments Holdings LLC owned approximately 2.17% of Werner Enterprises worth $58,193,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Dark Forest Capital Management LP purchased a new stake in Werner Enterprises in the first quarter valued at $26,000. Blue Trust Inc. boosted its stake in shares of Werner Enterprises by 139.9% in the fourth quarter. Blue Trust Inc. now owns 703 shares of the transportation company's stock worth $30,000 after buying an additional 410 shares during the last quarter. Advisors Asset Management Inc. grew its holdings in Werner Enterprises by 135.2% during the fourth quarter. Advisors Asset Management Inc. now owns 821 shares of the transportation company's stock worth $33,000 after acquiring an additional 472 shares during the period. Headlands Technologies LLC purchased a new position in Werner Enterprises during the third quarter valued at approximately $36,000. Finally, Planned Solutions Inc. acquired a new position in Werner Enterprises in the fourth quarter valued at approximately $57,000. 89.32% of the stock is currently owned by institutional investors and hedge funds.

Werner Enterprises Price Performance

Shares of NASDAQ:WERN traded up $0.07 during midday trading on Thursday, hitting $36.97. The company's stock had a trading volume of 534,884 shares, compared to its average volume of 600,374. The company has a market cap of $2.34 billion, a P/E ratio of 21.01, a price-to-earnings-growth ratio of 1.10 and a beta of 0.78. Werner Enterprises, Inc. has a 12-month low of $35.02 and a 12-month high of $47.27. The business's 50 day simple moving average is $39.20 and its 200 day simple moving average is $39.44. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.87 and a current ratio of 1.92.

Werner Enterprises (NASDAQ:WERN - Get Free Report) last issued its earnings results on Monday, February 5th. The transportation company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.05). Werner Enterprises had a return on equity of 8.17% and a net margin of 3.42%. The company had revenue of $821.90 million for the quarter, compared to analyst estimates of $820.90 million. During the same quarter in the prior year, the firm earned $0.99 earnings per share. The company's revenue for the quarter was down 4.6% on a year-over-year basis. On average, analysts forecast that Werner Enterprises, Inc. will post 2.02 EPS for the current year.

Werner Enterprises Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Monday, April 15th will be issued a dividend of $0.14 per share. The ex-dividend date is Friday, April 12th. This represents a $0.56 annualized dividend and a dividend yield of 1.51%. Werner Enterprises's dividend payout ratio is presently 31.82%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on WERN. Susquehanna decreased their target price on shares of Werner Enterprises from $40.00 to $35.00 and set a "neutral" rating for the company in a research note on Monday, March 25th. Barclays cut Werner Enterprises from an "overweight" rating to an "equal weight" rating and reduced their price target for the stock from $45.00 to $40.00 in a report on Monday, April 1st. Morgan Stanley dropped their price objective on Werner Enterprises from $60.00 to $59.00 and set an "overweight" rating on the stock in a report on Wednesday, February 7th. Stephens restated an "overweight" rating and issued a $49.00 price objective on shares of Werner Enterprises in a research report on Wednesday, February 7th. Finally, TD Cowen increased their target price on Werner Enterprises from $40.00 to $43.00 and gave the company an "outperform" rating in a research report on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, Werner Enterprises presently has an average rating of "Hold" and a consensus target price of $44.50.

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.