Allspring Global Investments Holdings LLC Has $49.10 Million Position in Werner Enterprises, Inc. $WERN

Allspring Global Investments Holdings LLC decreased its position in Werner Enterprises, Inc. (NASDAQ:WERN) by 3.8% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 1,890,189 shares of the transportation company’s stock after selling 74,848 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Werner Enterprises were worth $49,098,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd grew its position in shares of Werner Enterprises by 57.8% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 1,018 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 373 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Werner Enterprises by 0.3% during the 1st 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 during the period. SummerHaven Investment Management LLC lifted its stake in Werner Enterprises by 2.2% in the second quarter. SummerHaven Investment Management LLC now owns 23,008 shares of the transportation company’s stock valued at $629,000 after buying an additional 492 shares in the last quarter. CANADA LIFE ASSURANCE Co boosted its holdings in shares of Werner Enterprises by 0.8% in the second quarter. CANADA LIFE ASSURANCE Co now owns 64,228 shares of the transportation company’s stock valued at $1,758,000 after buying an additional 503 shares during the period. Finally, Inspire Investing LLC boosted its holdings in shares of Werner Enterprises by 5.0% in the first quarter. Inspire Investing LLC now owns 11,706 shares of the transportation company’s stock valued at $343,000 after buying an additional 562 shares during the period. Institutional investors and hedge funds own 89.32% of the company’s stock.

Werner Enterprises Trading Down 1.0%

Shares of Werner Enterprises stock opened at $30.01 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.59 and a current ratio of 1.62. The firm has a 50-day moving average of $27.54 and a 200-day moving average of $27.79. Werner Enterprises, Inc. has a 52-week low of $23.02 and a 52-week high of $38.60. The stock has a market cap of $1.80 billion, a PE ratio of 73.20, a PEG ratio of 20.71 and a beta of 1.08.

Werner Enterprises (NASDAQ:WERN) last released its earnings results on Thursday, October 30th. The transportation company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.18). The company had revenue of $712.04 million for the quarter, compared to the consensus estimate of $763.63 million. Werner Enterprises had a net margin of 0.85% and a return on equity of 0.14%. The business’s revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.15 earnings per share. As a group, sell-side analysts forecast 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, January 21st. Investors of record on Monday, January 5th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Monday, January 5th. Werner Enterprises’s dividend payout ratio (DPR) is 136.59%.

Analyst Ratings Changes

WERN has been the subject of a number of research reports. TD Cowen decreased their price objective on Werner Enterprises from $24.00 to $23.00 and set a “hold” rating for the company in a report on Friday, October 31st. UBS Group decreased their price target on shares of Werner Enterprises from $27.00 to $25.00 and set a “neutral” rating for the company in a research note on Friday, November 7th. Stifel Nicolaus boosted their price objective on shares of Werner Enterprises from $22.00 to $26.00 and gave the stock a “hold” rating in a research report on Tuesday, December 16th. Morgan Stanley increased their target price on shares of Werner Enterprises from $36.00 to $37.00 and gave the stock an “overweight” rating in a report on Monday, December 8th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Werner Enterprises in a research note on Monday, December 22nd. Two investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and seven have given a Sell rating to the company’s stock. According to MarketBeat, Werner Enterprises has an average rating of “Reduce” and a consensus target price of $26.93.

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.