Victory Capital Management Inc. Sells 46,092 Shares of Werner Enterprises, Inc. (NASDAQ:WERN)

Victory Capital Management Inc. reduced its position in Werner Enterprises, Inc. (NASDAQ:WERN) by 1.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,467,974 shares of the transportation company’s stock after selling 46,092 shares during the quarter. Victory Capital Management Inc. owned 5.61% of Werner Enterprises worth $124,570,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in WERN. CIBC Asset Management Inc raised its holdings in Werner Enterprises by 4.6% in the fourth quarter. CIBC Asset Management Inc now owns 6,168 shares of the transportation company’s stock worth $222,000 after purchasing an additional 274 shares in the last quarter. Keybank National Association OH raised its holdings in Werner Enterprises by 1.5% in the fourth quarter. Keybank National Association OH now owns 20,216 shares of the transportation company’s stock worth $726,000 after purchasing an additional 305 shares in the last quarter. State of New Jersey Common Pension Fund D raised its holdings in Werner Enterprises by 0.7% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 53,495 shares of the transportation company’s stock worth $1,922,000 after purchasing an additional 359 shares in the last quarter. Blue Trust Inc. grew its stake in shares of Werner Enterprises by 64.7% during the fourth quarter. Blue Trust Inc. now owns 1,308 shares of the transportation company’s stock worth $50,000 after acquiring an additional 514 shares during the last quarter. Finally, Inspire Investing LLC grew its stake in shares of Werner Enterprises by 5.2% during the fourth quarter. Inspire Investing LLC now owns 11,144 shares of the transportation company’s stock worth $400,000 after acquiring an additional 551 shares during the last quarter. 89.32% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on WERN shares. Stifel Nicolaus boosted their price target on Werner Enterprises from $30.00 to $35.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. StockNews.com upgraded Werner Enterprises from a “sell” rating to a “hold” rating in a research report on Thursday, February 20th. Wells Fargo & Company lowered their price objective on Werner Enterprises from $36.00 to $34.00 and set an “underweight” rating on the stock in a research report on Friday, February 7th. Susquehanna upgraded Werner Enterprises from a “negative” rating to a “neutral” rating and set a $38.00 price objective on the stock in a research report on Friday, January 3rd. Finally, Barclays reduced their target price on Werner Enterprises from $40.00 to $38.00 and set an “equal weight” rating for the company in a research note on Friday, February 7th. Five analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $37.29.

Werner Enterprises Stock Up 1.3 %

Shares of WERN opened at $31.55 on Thursday. Werner Enterprises, Inc. has a 52-week low of $30.90 and a 52-week high of $42.48. The company has a market capitalization of $1.95 billion, a PE ratio of 57.36 and a beta of 0.84. The stock has a fifty day simple moving average of $35.18 and a two-hundred day simple moving average of $37.02. The company has a quick ratio of 1.48, a current ratio of 1.52 and a debt-to-equity ratio of 0.43.

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

Werner Enterprises Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Monday, April 14th will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date of this dividend is Monday, April 14th. Werner Enterprises’s dividend payout ratio (DPR) is presently 101.82%.

Werner Enterprises Company Profile

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.