Werner Enterprises, Inc. $WERN Stock Position Trimmed by Victory Capital Management Inc.

Victory Capital Management Inc. trimmed its position in shares of Werner Enterprises, Inc. (NASDAQ:WERN) by 11.3% in the third quarter, HoldingsChannel reports. The firm owned 3,055,576 shares of the transportation company’s stock after selling 390,558 shares during the period. Victory Capital Management Inc. owned approximately 0.05% of Werner Enterprises worth $80,423,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Balyasny Asset Management L.P. acquired a new stake in shares of Werner Enterprises in the second quarter valued at approximately $12,972,000. First Trust Advisors LP grew its holdings in Werner Enterprises by 17.2% in 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. Russell Investments Group Ltd. increased its position in Werner Enterprises by 49.1% in the 2nd quarter. Russell Investments Group Ltd. now owns 704,775 shares of the transportation company’s stock valued at $19,283,000 after acquiring an additional 232,149 shares during the period. Allianz Asset Management GmbH raised its stake in Werner Enterprises by 52.3% during the 3rd quarter. Allianz Asset Management GmbH now owns 573,891 shares of the transportation company’s stock valued at $15,105,000 after acquiring an additional 197,155 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in Werner Enterprises by 33.2% during the 2nd quarter. Bank of America Corp DE now owns 722,269 shares of the transportation company’s stock valued at $19,761,000 after acquiring an additional 180,178 shares in the last quarter. Institutional investors own 89.32% of the company’s stock.

Werner Enterprises Price Performance

NASDAQ WERN opened at $33.19 on Friday. Werner Enterprises, Inc. has a 1 year low of $23.02 and a 1 year high of $38.45. The business’s fifty day moving average is $33.59 and its two-hundred day moving average is $29.63. The stock has a market capitalization of $1.99 billion, a P/E ratio of -138.29, a P/E/G ratio of 0.81 and a beta of 1.06. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.91 and a current ratio of 1.95.

Werner Enterprises (NASDAQ:WERN) last issued 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). The company 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 business’s revenue was down 2.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.08 earnings per share. On average, 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 disclosed a quarterly dividend, which will be paid on Wednesday, May 6th. Shareholders 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 yield of 1.7%. The ex-dividend date is Monday, April 13th. Werner Enterprises’s payout ratio is presently -233.33%.

Wall Street Analysts Forecast Growth

WERN has been the subject of several recent analyst reports. Morgan Stanley increased their price target on Werner Enterprises from $36.00 to $37.00 and gave the stock an “overweight” rating in a research note on Monday, December 8th. UBS Group upped their price objective on shares of Werner Enterprises from $25.00 to $33.00 and gave the stock a “neutral” rating in a report on Tuesday, February 10th. Susquehanna raised their target price on shares of Werner Enterprises from $23.00 to $29.00 and gave the company a “neutral” rating in a research note on Thursday, January 8th. Evercore boosted their price target on shares of Werner Enterprises from $20.00 to $31.00 and gave the stock an “underperform” rating in a research report on Tuesday, January 13th. Finally, Barclays upped their price target on shares of Werner Enterprises from $28.00 to $33.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 15th. Two analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $33.14.

Insider Transactions at Werner Enterprises

In other Werner Enterprises news, COO Eric J. Downing sold 1,418 shares of the company’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $34.78, for a total transaction of $49,318.04. Following the completion of the sale, the chief operating officer directly owned 55,946 shares of the company’s stock, valued at approximately $1,945,801.88. This represents a 2.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.30% of the company’s stock.

About Werner Enterprises

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.