Alliancebernstein L.P. Increases Holdings in Werner Enterprises, Inc. (NASDAQ:WERN)

Alliancebernstein L.P. grew its stake in Werner Enterprises, Inc. (NASDAQ:WERN) by 1.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 73,560 shares of the transportation company’s stock after acquiring an additional 1,034 shares during the quarter. Alliancebernstein L.P. owned 0.12% of Werner Enterprises worth $2,642,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of WERN. CIBC Asset Management Inc grew its position in Werner Enterprises by 4.6% during the 4th quarter. CIBC Asset Management Inc now owns 6,168 shares of the transportation company’s stock valued at $222,000 after purchasing an additional 274 shares during the last quarter. Keybank National Association OH raised its holdings in Werner Enterprises by 1.5% in the 4th quarter. Keybank National Association OH now owns 20,216 shares of the transportation company’s stock worth $726,000 after acquiring an additional 305 shares during the last quarter. State of New Jersey Common Pension Fund D raised its holdings in Werner Enterprises by 0.7% in the 4th 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 acquiring an additional 359 shares during the last quarter. Blue Trust Inc. lifted its position in Werner Enterprises by 64.7% in the 4th quarter. Blue Trust Inc. now owns 1,308 shares of the transportation company’s stock valued at $50,000 after acquiring an additional 514 shares in the last quarter. Finally, Inspire Investing LLC boosted its stake in Werner Enterprises by 5.2% during the 4th quarter. Inspire Investing LLC now owns 11,144 shares of the transportation company’s stock valued at $400,000 after purchasing an additional 551 shares during the last quarter. 89.32% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

WERN has been the topic of several recent analyst reports. Susquehanna dropped their price objective on Werner Enterprises from $39.00 to $32.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 26th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Werner Enterprises in a report on Friday, March 7th. They set a “hold” rating and a $33.00 price target on the stock. Wells Fargo & Company decreased their price objective on shares of Werner Enterprises from $34.00 to $27.00 and set an “underweight” rating for the company in a report on Thursday, March 27th. Barclays dropped their target price on shares of Werner Enterprises from $38.00 to $32.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 2nd. Finally, The Goldman Sachs Group lowered their price target on Werner Enterprises from $36.00 to $28.00 and set a “sell” rating on the stock in a report on Thursday, April 10th. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Werner Enterprises presently has a consensus rating of “Hold” and an average price target of $34.71.

Werner Enterprises Trading Down 2.7 %

Shares of NASDAQ:WERN opened at $27.82 on Wednesday. The stock has a 50 day moving average of $30.96 and a 200 day moving average of $35.36. The company has a market cap of $1.72 billion, a PE ratio of 50.58 and a beta of 1.06. Werner Enterprises, Inc. has a 12-month low of $26.50 and a 12-month 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.

Werner Enterprises (NASDAQ:WERN) last announced its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.15). Werner Enterprises had a return on equity of 2.27% and a net margin of 1.13%. As a group, equities research analysts expect that Werner Enterprises, Inc. will post 1.27 EPS for the current year.

Werner Enterprises Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Monday, April 14th will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date is Monday, April 14th. Werner Enterprises’s dividend payout ratio (DPR) is 101.82%.

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.