Werner Enterprises, Inc. (NASDAQ:WERN) Position Reduced by abrdn plc

abrdn plc reduced its stake in shares of Werner Enterprises, Inc. (NASDAQ:WERN - Free Report) by 31.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 428,021 shares of the transportation company's stock after selling 197,560 shares during the quarter. abrdn plc owned about 0.68% of Werner Enterprises worth $18,135,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of WERN. Blue Trust Inc. grew its position in Werner Enterprises by 139.9% during the 4th quarter. Blue Trust Inc. now owns 703 shares of the transportation company's stock worth $30,000 after purchasing an additional 410 shares during the last quarter. Headlands Technologies LLC acquired a new stake in Werner Enterprises during the 3rd quarter worth approximately $36,000. Planned Solutions Inc. purchased a new position in shares of Werner Enterprises in the 4th quarter valued at approximately $57,000. Strs Ohio increased its holdings in shares of Werner Enterprises by 35.3% in the third quarter. Strs Ohio now owns 2,300 shares of the transportation company's stock valued at $89,000 after purchasing an additional 600 shares during the period. Finally, Covestor Ltd lifted its holdings in shares of Werner Enterprises by 46.5% during the third quarter. Covestor Ltd now owns 2,402 shares of the transportation company's stock worth $94,000 after purchasing an additional 762 shares during the period. 89.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Barclays downgraded shares of Werner Enterprises from an "overweight" rating to an "equal weight" rating and lowered their target price for the company from $45.00 to $40.00 in a report on Monday, April 1st. Bank of America cut their target price on Werner Enterprises from $35.00 to $34.00 and set an "underperform" rating for the company in a research note on Monday, April 15th. StockNews.com upgraded Werner Enterprises from a "sell" rating to a "hold" rating in a research note on Tuesday, February 27th. Stephens reiterated 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 boosted their target price on shares of Werner Enterprises from $40.00 to $43.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $44.00.

Werner Enterprises Price Performance

NASDAQ:WERN traded down $0.31 during mid-day trading on Thursday, hitting $35.08. 556,093 shares of the company's stock traded hands, compared to its average volume of 605,352. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.87 and a current ratio of 1.92. The firm's 50 day simple moving average is $38.24 and its 200 day simple moving average is $39.25. Werner Enterprises, Inc. has a 1 year low of $34.67 and a 1 year high of $47.27. The company has a market cap of $2.22 billion, a PE ratio of 19.93, a price-to-earnings-growth ratio of 1.09 and a beta of 0.78.

Werner Enterprises (NASDAQ:WERN - Get Free Report) last announced its earnings results on Monday, February 5th. The transportation company reported $0.39 EPS for the quarter, missing analysts' consensus estimates of $0.44 by ($0.05). Werner Enterprises had a net margin of 3.42% and a return on equity of 8.17%. The company had revenue of $821.90 million for the quarter, compared to analyst estimates of $820.90 million. During the same quarter last year, the company posted $0.99 EPS. Werner Enterprises's quarterly revenue was down 4.6% compared to the same quarter last year. Sell-side analysts expect that Werner Enterprises, Inc. will post 1.91 EPS for the current year.

Werner Enterprises Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Monday, April 15th will be paid a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 1.60%. The ex-dividend date is Friday, April 12th. Werner Enterprises's payout ratio is 31.82%.

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.