Werner Enterprises, Inc. $WERN Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC decreased its holdings in Werner Enterprises, Inc. (NASDAQ:WERN) by 14.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,611,313 shares of the transportation company’s stock after selling 278,876 shares during the quarter. Allspring Global Investments Holdings LLC owned 2.69% of Werner Enterprises worth $49,322,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Vaughan Nelson Investment Management L.P. acquired a new stake in Werner Enterprises in the fourth quarter worth about $34,201,000. Balyasny Asset Management L.P. bought a new stake in shares of Werner Enterprises during the 2nd quarter worth about $12,972,000. First Trust Advisors LP raised its position in shares of Werner Enterprises by 17.2% during the 2nd quarter. First Trust Advisors LP now owns 2,893,705 shares of the transportation company’s stock worth $79,172,000 after buying an additional 424,935 shares in the last quarter. Two Sigma Investments LP lifted its stake in shares of Werner Enterprises by 222.8% in the 3rd quarter. Two Sigma Investments LP now owns 339,589 shares of the transportation company’s stock worth $8,938,000 after acquiring an additional 234,394 shares during the period. Finally, Allianz Asset Management GmbH lifted its stake in shares of Werner Enterprises by 52.3% in the 3rd quarter. Allianz Asset Management GmbH now owns 573,891 shares of the transportation company’s stock worth $15,105,000 after acquiring an additional 197,155 shares during the period. 89.32% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Werner Enterprises

In related news, COO Eric J. Downing sold 1,428 shares of Werner Enterprises stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $35.00, for a total value of $49,980.00. Following the transaction, the chief operating officer owned 57,364 shares of the company’s stock, valued at approximately $2,007,740. This trade represents a 2.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.30% of the stock is owned by company insiders.

Analyst Ratings Changes

WERN has been the topic of a number of research analyst reports. Robert W. Baird upgraded shares of Werner Enterprises from an “underperform” rating to a “neutral” rating and set a $34.00 price objective on the stock in a research note on Thursday, January 29th. TD Cowen upped their target price on Werner Enterprises from $31.00 to $39.00 and gave the stock a “hold” rating in a research report on Friday, February 6th. Wall Street Zen lowered Werner Enterprises from a “hold” rating to a “sell” rating in a research note on Saturday, March 7th. UBS Group lifted their price target on Werner Enterprises from $25.00 to $33.00 and gave the company a “neutral” rating in a research report on Tuesday, February 10th. Finally, Morgan Stanley boosted their price objective on Werner Enterprises from $36.00 to $37.00 and gave the stock an “overweight” rating in a research note on Monday, December 8th. Two equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus price target of $33.15.

Werner Enterprises Stock Up 1.0%

WERN stock opened at $29.69 on Thursday. The firm has a market cap of $1.78 billion, a PE ratio of -123.71, a P/E/G ratio of 0.71 and a beta of 1.09. Werner Enterprises, Inc. has a 12 month low of $23.02 and a 12 month high of $38.45. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.95 and a quick ratio of 1.91. The firm has a 50 day simple moving average of $32.28 and a 200 day simple moving average of $29.66.

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

Werner Enterprises Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 6th. Stockholders of record on Monday, April 13th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Monday, April 13th. Werner Enterprises’s dividend 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.