Victory Capital Management Inc. Grows Position in Werner Enterprises, Inc. (NASDAQ:WERN)

Victory Capital Management Inc. grew its stake in shares of Werner Enterprises, Inc. (NASDAQ:WERN) by 7.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 3,973,767 shares of the transportation company’s stock after buying an additional 282,210 shares during the quarter. Victory Capital Management Inc. owned about 0.06% of Werner Enterprises worth $168,369,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Norden Group LLC purchased a new stake in shares of Werner Enterprises during the fourth quarter valued at approximately $337,000. SummerHaven Investment Management LLC boosted its stake in shares of Werner Enterprises by 1.6% during the fourth quarter. SummerHaven Investment Management LLC now owns 16,574 shares of the transportation company’s stock valued at $702,000 after purchasing an additional 259 shares during the period. Alliance Wealth Advisors LLC UT lifted its stake in Werner Enterprises by 3.2% in the fourth quarter. Alliance Wealth Advisors LLC UT now owns 9,937 shares of the transportation company’s stock worth $421,000 after acquiring an additional 308 shares during the period. Russell Investments Group Ltd. lifted its stake in Werner Enterprises by 44.9% in the fourth quarter. Russell Investments Group Ltd. now owns 317,267 shares of the transportation company’s stock worth $13,443,000 after acquiring an additional 98,330 shares during the period. Finally, Truist Financial Corp lifted its stake in Werner Enterprises by 46.7% in the fourth quarter. Truist Financial Corp now owns 8,409 shares of the transportation company’s stock worth $356,000 after acquiring an additional 2,676 shares during the period. Hedge funds and other institutional investors own 89.32% of the company’s stock.

Werner Enterprises Stock Performance

Shares of Werner Enterprises stock opened at $35.17 on Thursday. The business has a fifty day simple moving average of $37.82 and a two-hundred day simple moving average of $39.13. The company has a current ratio of 1.92, a quick ratio of 1.87 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $2.23 billion, a P/E ratio of 26.85, a P/E/G ratio of 1.04 and a beta of 0.82. Werner Enterprises, Inc. has a 12 month low of $33.12 and a 12 month high of $47.27.

Werner Enterprises (NASDAQ:WERN) last posted its quarterly earnings results 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). The company had revenue of $769.08 million during the quarter, compared to analysts’ expectations of $788.30 million. Werner Enterprises had a return on equity of 6.16% and a net margin of 2.59%. Werner Enterprises’s revenue for the quarter was down 7.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.60 EPS. On average, equities analysts forecast that Werner Enterprises, Inc. will post 1.91 earnings per share for the current fiscal year.

Werner Enterprises Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 1st. Stockholders of record on Monday, April 15th were given a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.59%. The ex-dividend date was Friday, April 12th. Werner Enterprises’s dividend payout ratio is presently 42.75%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on WERN shares. Stifel Nicolaus dropped their price target on Werner Enterprises from $42.00 to $39.00 and set a “hold” rating for the company in a research note on Thursday, April 18th. JPMorgan Chase & Co. dropped their price target on Werner Enterprises from $37.00 to $36.00 and set a “neutral” rating for the company in a research note on Wednesday. Susquehanna dropped their price target 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. Morgan Stanley dropped their price target on Werner Enterprises from $60.00 to $59.00 and set an “overweight” rating for the company in a research note on Wednesday, February 7th. Finally, Bank of America dropped their price target 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. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Werner Enterprises presently has an average rating of “Hold” and an average target price of $42.85.

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.