American Century Companies Inc. Raises Position in Werner Enterprises, Inc. (NASDAQ:WERN)

American Century Companies Inc. raised its position in shares of Werner Enterprises, Inc. (NASDAQ:WERN) by 13.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,987,187 shares of the transportation company’s stock after purchasing an additional 234,811 shares during the period. American Century Companies Inc. owned 3.21% of Werner Enterprises worth $71,380,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in WERN. Verition Fund Management LLC bought a new stake in Werner Enterprises in the 3rd quarter valued at about $485,000. Intech Investment Management LLC purchased a new stake in shares of Werner Enterprises during the 3rd quarter valued at approximately $630,000. Edgestream Partners L.P. boosted its holdings in Werner Enterprises by 31.1% in the 3rd quarter. Edgestream Partners L.P. now owns 84,085 shares of the transportation company’s stock worth $3,245,000 after buying an additional 19,944 shares during the period. Holocene Advisors LP grew its stake in Werner Enterprises by 19.8% in the 3rd quarter. Holocene Advisors LP now owns 98,550 shares of the transportation company’s stock valued at $3,803,000 after buying an additional 16,280 shares in the last quarter. Finally, Weiss Asset Management LP bought a new stake in Werner Enterprises during the 3rd quarter valued at $1,408,000. 89.32% of the stock is currently owned by institutional investors.

Werner Enterprises Stock Performance

Shares of NASDAQ WERN opened at $29.97 on Wednesday. The stock has a market cap of $1.85 billion, a price-to-earnings ratio of 54.49 and a beta of 0.85. The company has a current ratio of 1.52, a quick ratio of 1.48 and a debt-to-equity ratio of 0.43. Werner Enterprises, Inc. has a 1-year low of $28.77 and a 1-year high of $42.48. The stock’s 50-day moving average is $33.67 and its 200 day moving average is $36.36.

Werner Enterprises (NASDAQ:WERN) last issued its earnings results on Thursday, February 6th. The transportation company reported $0.08 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%. On average, sell-side analysts anticipate that Werner Enterprises, Inc. will post 1.27 EPS for the current fiscal year.

Werner Enterprises Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft began coverage on Werner Enterprises in a research report on Friday, March 7th. They issued a “hold” rating and a $33.00 price target for the company. Susquehanna upgraded Werner Enterprises from a “negative” rating to a “neutral” rating and set a $38.00 price target on the stock in a research report on Friday, January 3rd. Wells Fargo & Company cut their price objective on shares of Werner Enterprises from $36.00 to $34.00 and set an “underweight” rating for the company in a research report on Friday, February 7th. Stifel Nicolaus upped their target price on shares of Werner Enterprises from $30.00 to $35.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. Finally, Barclays cut their price target on shares of Werner Enterprises from $40.00 to $38.00 and set an “equal weight” rating for the company in a report on Friday, February 7th. Five research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $37.00.

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.