American Century Companies Inc. Acquires 123,513 Shares of Werner Enterprises, Inc. $WERN

American Century Companies Inc. boosted its holdings in Werner Enterprises, Inc. (NASDAQ:WERN) by 5.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,404,508 shares of the transportation company’s stock after buying an additional 123,513 shares during the period. American Century Companies Inc. owned approximately 4.02% of Werner Enterprises worth $63,287,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Royal Bank of Canada raised its stake in Werner Enterprises by 33.8% during the 1st quarter. Royal Bank of Canada now owns 21,660 shares of the transportation company’s stock valued at $635,000 after purchasing an additional 5,473 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Werner Enterprises by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 36,697 shares of the transportation company’s stock valued at $1,075,000 after buying an additional 1,598 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Werner Enterprises by 0.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 126,854 shares of the transportation company’s stock worth $3,717,000 after buying an additional 401 shares in the last quarter. Envestnet Asset Management Inc. grew its position in Werner Enterprises by 25.0% during the second quarter. Envestnet Asset Management Inc. now owns 28,171 shares of the transportation company’s stock worth $771,000 after buying an additional 5,633 shares in the last quarter. Finally, Atria Investments Inc increased its stake in Werner Enterprises by 26.6% during the second quarter. Atria Investments Inc now owns 13,019 shares of the transportation company’s stock valued at $356,000 after acquiring an additional 2,736 shares during the period. Institutional investors and hedge funds own 89.32% of the company’s stock.

Insiders Place Their Bets

In other Werner Enterprises news, COO Eric J. Downing sold 1,428 shares of the stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $35.00, for a total transaction of $49,980.00. Following the completion of the transaction, the chief operating officer owned 57,364 shares in the company, valued at approximately $2,007,740. This represents a 2.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.30% of the company’s stock.

Analyst Ratings Changes

WERN has been the topic of several recent research reports. Wells Fargo & Company lifted their price objective on Werner Enterprises from $34.00 to $39.00 and gave the stock an “equal weight” rating in a report on Friday, February 6th. Weiss Ratings restated a “sell (d)” rating on shares of Werner Enterprises in a research report on Monday, December 22nd. Citigroup restated a “sell” rating and issued a $34.00 price target on shares of Werner Enterprises in a research report on Friday, February 6th. Wall Street Zen upgraded Werner Enterprises from a “sell” rating to a “hold” rating in a report on Monday, February 23rd. Finally, Stifel Nicolaus increased their price target on shares of Werner Enterprises from $26.00 to $29.00 and gave the company a “hold” rating in a research note on Wednesday, January 14th. Two investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat, Werner Enterprises currently has a consensus rating of “Reduce” and an average target price of $33.14.

Werner Enterprises Stock Down 0.0%

NASDAQ:WERN opened at $34.52 on Thursday. Werner Enterprises, Inc. has a 1 year low of $23.02 and a 1 year high of $38.45. The stock has a 50-day moving average price of $33.54 and a two-hundred day moving average price of $29.61. The stock has a market cap of $2.07 billion, a price-to-earnings ratio of -143.83, a PEG ratio of 0.81 and a beta of 1.06. The company has a current ratio of 1.95, a quick ratio of 1.91 and a debt-to-equity ratio of 0.55.

Werner Enterprises (NASDAQ:WERN) last posted its earnings results on Thursday, February 5th. The transportation company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.04). Werner Enterprises had a positive return on equity of 0.04% and a negative net margin of 0.48%.The business had revenue of $737.64 million for the quarter, compared to the consensus estimate of $767.51 million. During the same period in the previous year, the company posted $0.08 earnings per share. Werner Enterprises’s revenue for the quarter was down 2.3% compared to the same quarter last year. As a group, equities analysts expect that Werner Enterprises, Inc. will post 1.27 earnings per share for the current year.

Werner Enterprises Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 6th. Investors of record on Monday, April 13th will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Monday, April 13th. Werner Enterprises’s payout ratio is currently -233.33%.

Werner Enterprises Profile

Werner Enterprises, Inc, founded in 1956 by Clarence L. “Chris” Werner, is a leading transportation and logistics provider based in Omaha, Nebraska. The company began as a one‐truck operation and has since grown into one of North America’s largest carriers, offering an array of services to support diverse supply chains.

Werner’s core business activities include full truckload dry van services, dedicated contract carriage, intermodal transport and brokerage solutions. The company also provides value-added services such as warehousing, freight management and fleet maintenance through its network of terminals and service centers.