Werner Enterprises, Inc. (NASDAQ:WERN) Shares Acquired by Congress Wealth Management LLC DE

Congress Wealth Management LLC DE increased its stake in shares of Werner Enterprises, Inc. (NASDAQ:WERN) by 4.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 54,222 shares of the transportation company’s stock after acquiring an additional 2,340 shares during the period. Congress Wealth Management LLC DE owned about 0.09% of Werner Enterprises worth $1,948,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WERN. Blue Trust Inc. boosted its position in Werner Enterprises by 64.7% in the 4th quarter. Blue Trust Inc. now owns 1,308 shares of the transportation company’s stock worth $50,000 after purchasing an additional 514 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Werner Enterprises during the third quarter worth $96,000. KBC Group NV grew its position in Werner Enterprises by 43.7% during the fourth quarter. KBC Group NV now owns 2,976 shares of the transportation company’s stock valued at $107,000 after buying an additional 905 shares during the period. SG Americas Securities LLC increased its holdings in Werner Enterprises by 59.1% in the fourth quarter. SG Americas Securities LLC now owns 4,187 shares of the transportation company’s stock valued at $150,000 after buying an additional 1,555 shares in the last quarter. Finally, Cim Investment Management Inc. acquired a new position in shares of Werner Enterprises in the third quarter worth about $203,000. 89.32% of the stock is owned by institutional investors and hedge funds.

Werner Enterprises Stock Performance

NASDAQ WERN opened at $29.93 on Thursday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.48 and a current ratio of 1.52. The stock’s fifty day moving average is $33.53 and its two-hundred day moving average is $36.31. The firm has a market capitalization of $1.85 billion, a P/E ratio of 54.42 and a beta of 0.85. Werner Enterprises, Inc. has a fifty-two week low of $28.77 and a fifty-two week high of $42.48.

Werner Enterprises (NASDAQ:WERN) last released its quarterly earnings data 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 return on equity of 2.27% and a net margin of 1.13%. On average, research analysts anticipate that Werner Enterprises, Inc. will post 1.27 earnings per share for the current year.

Werner Enterprises Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Monday, April 14th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date is Monday, April 14th. Werner Enterprises’s dividend payout ratio is presently 101.82%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on WERN shares. StockNews.com upgraded Werner Enterprises from a “sell” rating to a “hold” rating in a research report on Wednesday, March 19th. Barclays dropped their price objective on Werner Enterprises from $40.00 to $38.00 and set an “equal weight” rating on the stock in a report on Friday, February 7th. Wells Fargo & Company reduced their target price on Werner Enterprises from $36.00 to $34.00 and set an “underweight” rating for the company in a research note on Friday, February 7th. Deutsche Bank Aktiengesellschaft started coverage on shares of Werner Enterprises in a research note on Friday, March 7th. They issued a “hold” rating and a $33.00 price target on the stock. Finally, Stifel Nicolaus upped their price objective on shares of Werner Enterprises from $30.00 to $35.00 and gave the stock a “hold” rating in a research report on Thursday, January 23rd. Five research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $36.60.

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.