Allspring Global Investments Holdings LLC Grows Position in Werner Enterprises, Inc. (NASDAQ:WERN)

Allspring Global Investments Holdings LLC boosted its stake in shares of Werner Enterprises, Inc. (NASDAQ:WERN) by 9.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,660,846 shares of the transportation company’s stock after purchasing an additional 143,953 shares during the period. Allspring Global Investments Holdings LLC owned about 2.69% of Werner Enterprises worth $59,010,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. GAMMA Investing LLC lifted its position in Werner Enterprises by 145.7% during the third quarter. GAMMA Investing LLC now owns 801 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 475 shares in the last quarter. Blue Trust Inc. lifted its position in Werner Enterprises by 64.7% during the fourth quarter. Blue Trust Inc. now owns 1,308 shares of the transportation company’s stock valued at $50,000 after purchasing an additional 514 shares in the last quarter. Inspire Investing LLC lifted its position in Werner Enterprises by 5.2% during the fourth quarter. Inspire Investing LLC now owns 11,144 shares of the transportation company’s stock valued at $400,000 after purchasing an additional 551 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Werner Enterprises by 0.7% during the third quarter. JPMorgan Chase & Co. now owns 85,815 shares of the transportation company’s stock valued at $3,312,000 after purchasing an additional 559 shares in the last quarter. Finally, KBC Group NV lifted its position in Werner Enterprises by 43.1% during the third quarter. KBC Group NV now owns 2,071 shares of the transportation company’s stock valued at $80,000 after purchasing an additional 624 shares in the last quarter. 89.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

WERN has been the topic of several analyst reports. StockNews.com upgraded Werner Enterprises from a “sell” rating to a “hold” rating in a research report on Tuesday. Morgan Stanley decreased their price target on Werner Enterprises from $55.00 to $52.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. Susquehanna raised Werner Enterprises from a “negative” rating to a “neutral” rating and set a $38.00 price target on the stock in a report on Friday, January 3rd. Evercore ISI decreased their price target on Werner Enterprises from $35.00 to $32.00 and set an “in-line” rating on the stock in a report on Wednesday, October 30th. Finally, Stifel Nicolaus raised their price target on Werner Enterprises from $30.00 to $35.00 and gave the company a “hold” rating in a report on Thursday, January 23rd. Five research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $37.29.

Werner Enterprises Trading Down 0.3 %

Shares of WERN stock opened at $34.41 on Friday. Werner Enterprises, Inc. has a 12-month low of $33.12 and a 12-month high of $42.48. The company has a current ratio of 1.53, a quick ratio of 1.49 and a debt-to-equity ratio of 0.48. The stock’s 50-day moving average price is $36.52 and its 200-day moving average price is $37.45. The stock has a market capitalization of $2.13 billion, a price-to-earnings ratio of 62.56, a price-to-earnings-growth ratio of 15.58 and a beta of 0.84.

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 the consensus estimate of $0.23 by ($0.15). Werner Enterprises had a return on equity of 2.26% and a net margin of 1.13%. Equities research analysts predict that Werner Enterprises, Inc. will post 1.31 EPS for the current fiscal year.

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.