880,685 Shares in Werner Enterprises, Inc. (NASDAQ:WERN) Purchased by Wellington Management Group LLP

Wellington Management Group LLP acquired a new stake in Werner Enterprises, Inc. (NASDAQ:WERN) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 880,685 shares of the transportation company’s stock, valued at approximately $31,634,000.

A number of other institutional investors have also recently bought and sold shares of the business. Verition Fund Management LLC acquired a new stake in shares of Werner Enterprises in the third quarter valued at approximately $485,000. Weiss Asset Management LP acquired a new position in Werner Enterprises in the 3rd quarter valued at $1,408,000. Allspring Global Investments Holdings LLC lifted its position in shares of Werner Enterprises by 9.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,660,846 shares of the transportation company’s stock valued at $59,010,000 after acquiring an additional 143,953 shares during the period. BNP Paribas Financial Markets lifted its position in shares of Werner Enterprises by 61.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 22,925 shares of the transportation company’s stock valued at $885,000 after acquiring an additional 8,746 shares during the period. Finally, Barclays PLC grew its holdings in shares of Werner Enterprises by 12.8% during the 3rd quarter. Barclays PLC now owns 435,447 shares of the transportation company’s stock worth $16,804,000 after purchasing an additional 49,568 shares in the last quarter. Institutional investors own 89.32% of the company’s stock.

Werner Enterprises Stock Up 2.0 %

Shares of NASDAQ WERN opened at $27.90 on Monday. Werner Enterprises, Inc. has a 1 year low of $26.55 and a 1 year high of $42.48. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.52 and a quick ratio of 1.48. The firm has a market cap of $1.73 billion, a PE ratio of 50.73 and a beta of 1.06. The company has a 50 day simple moving average of $32.40 and a 200 day simple moving average of $35.92.

Werner Enterprises (NASDAQ:WERN) last released its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.15). Werner Enterprises had a net margin of 1.13% and a return on equity of 2.27%. On average, research analysts forecast that Werner Enterprises, Inc. will post 1.27 EPS for the current year.

Werner Enterprises Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Monday, April 14th will be given a $0.14 dividend. The ex-dividend date of this dividend is Monday, April 14th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.01%. Werner Enterprises’s dividend payout ratio (DPR) is presently 101.82%.

Wall Street Analyst Weigh In

WERN has been the subject of several recent analyst reports. StockNews.com cut shares of Werner Enterprises from a “hold” rating to a “sell” rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Werner Enterprises in a research report on Friday, March 7th. They issued a “hold” rating and a $33.00 target price for the company. Wells Fargo & Company decreased their price objective on shares of Werner Enterprises from $34.00 to $27.00 and set an “underweight” rating on the stock in a research note on Thursday, March 27th. Barclays cut their target price on Werner Enterprises from $38.00 to $32.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 2nd. Finally, Stifel Nicolaus lifted their price target on Werner Enterprises from $30.00 to $35.00 and gave the company a “hold” rating in a research note on Thursday, January 23rd. Six analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Werner Enterprises has an average rating of “Hold” and an average price target of $35.73.

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.