Victory Capital Management Inc. Has $168.37 Million Stock Position in Werner Enterprises, Inc. (NASDAQ:WERN)

Victory Capital Management Inc. boosted its holdings in Werner Enterprises, Inc. (NASDAQ:WERN - Free Report) by 7.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,973,767 shares of the transportation company's stock after purchasing an additional 282,210 shares during the quarter. Victory Capital Management Inc. owned approximately 6.27% of Werner Enterprises worth $168,369,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the stock. Norden Group LLC purchased a new position in Werner Enterprises in the fourth quarter valued at approximately $337,000. SummerHaven Investment Management LLC boosted its position in Werner Enterprises by 1.6% during the 4th quarter. SummerHaven Investment Management LLC now owns 16,574 shares of the transportation company's stock worth $702,000 after purchasing an additional 259 shares during the period. Alliance Wealth Advisors LLC UT increased its holdings in Werner Enterprises by 3.2% in the 4th quarter. Alliance Wealth Advisors LLC UT now owns 9,937 shares of the transportation company's stock valued at $421,000 after purchasing an additional 308 shares in the last quarter. Russell Investments Group Ltd. raised its position in shares of Werner Enterprises by 44.9% in the 4th quarter. Russell Investments Group Ltd. now owns 317,267 shares of the transportation company's stock valued at $13,443,000 after purchasing an additional 98,330 shares in the last quarter. Finally, Truist Financial Corp grew its position in shares of Werner Enterprises by 46.7% during the fourth quarter. Truist Financial Corp now owns 8,409 shares of the transportation company's stock worth $356,000 after buying an additional 2,676 shares in the last quarter. 89.32% of the stock is currently owned by hedge funds and other institutional investors.

Werner Enterprises Price Performance

Shares of Werner Enterprises stock traded up $0.57 on Thursday, hitting $35.74. The company had a trading volume of 777,507 shares, compared to its average volume of 627,154. The business has a 50-day simple moving average of $37.71 and a 200-day simple moving average of $39.10. The company has a market cap of $2.27 billion, a PE ratio of 27.34, a PEG ratio of 1.04 and a beta of 0.82. Werner Enterprises, Inc. has a 52 week low of $33.12 and a 52 week high of $47.27. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.92 and a quick ratio of 1.87.

Werner Enterprises (NASDAQ:WERN - Get Free Report) last announced its quarterly earnings data on Tuesday, April 30th. The transportation company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.14). Werner Enterprises had a return on equity of 6.16% and a net margin of 2.59%. The business had revenue of $769.08 million during the quarter, compared to analyst estimates of $788.30 million. During the same period in the prior year, the firm earned $0.60 EPS. The business's revenue for the quarter was down 7.6% on a year-over-year basis. Research analysts expect that Werner Enterprises, Inc. will post 1.91 EPS for the current fiscal year.

Werner Enterprises Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 1st. Investors of record on Monday, April 15th were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date was Friday, April 12th. Werner Enterprises's payout ratio is 42.75%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on WERN. TD Cowen reduced their price target on shares of Werner Enterprises from $42.00 to $38.00 and set a "buy" rating on the stock in a research report on Wednesday. Barclays dropped their price objective on shares of Werner Enterprises from $40.00 to $36.00 and set an "equal weight" rating on the stock in a research note on Thursday. StockNews.com raised Werner Enterprises from a "sell" rating to a "hold" rating in a report on Tuesday, February 27th. Stifel Nicolaus dropped their price target on Werner Enterprises from $42.00 to $39.00 and set a "hold" rating on the stock in a research report on Thursday, April 18th. Finally, Susquehanna lowered their price objective on Werner Enterprises from $40.00 to $35.00 and set a "neutral" rating for the company in a research note on Monday, March 25th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $42.54.

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.