American Century Companies Inc. Grows Stock Holdings in Werner Enterprises, Inc. (NASDAQ:WERN)

American Century Companies Inc. lifted its position in shares of Werner Enterprises, Inc. (NASDAQ:WERN) by 13.4% in the fourth quarter, HoldingsChannel.com reports. 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.’s holdings in Werner Enterprises were worth $71,380,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. CIBC Asset Management Inc grew its position in shares of Werner Enterprises by 4.6% in the 4th quarter. CIBC Asset Management Inc now owns 6,168 shares of the transportation company’s stock worth $222,000 after buying an additional 274 shares during the last quarter. Keybank National Association OH lifted its stake 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 acquiring an additional 305 shares during the period. State of New Jersey Common Pension Fund D increased its position in Werner Enterprises by 0.7% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 53,495 shares of the transportation company’s stock valued at $1,922,000 after purchasing an additional 359 shares during the period. Blue Trust Inc. raised its holdings 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. Finally, Inspire Investing LLC lifted its position in shares of Werner Enterprises by 5.2% in the 4th quarter. Inspire Investing LLC now owns 11,144 shares of the transportation company’s stock worth $400,000 after purchasing an additional 551 shares during the period. 89.32% of the stock is owned by institutional investors.

Werner Enterprises Stock Performance

Shares of WERN opened at $29.97 on Wednesday. The company has a market cap of $1.85 billion, a price-to-earnings ratio of 54.49 and a beta of 0.85. The business’s fifty day simple moving average is $33.67 and its two-hundred day simple moving average is $36.36. Werner Enterprises, Inc. has a 12 month low of $28.77 and a 12 month high of $42.48. 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 (NASDAQ:WERN) last released its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.08 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%. Research analysts anticipate that Werner Enterprises, Inc. will post 1.27 earnings per share for the current fiscal year.

Werner Enterprises Dividend Announcement

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

Analysts Set New Price Targets

Several brokerages recently issued reports on WERN. Barclays reduced their price target on shares of Werner Enterprises from $40.00 to $38.00 and set an “equal weight” 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 target price for the company in a research note on Friday, January 3rd. StockNews.com raised Werner Enterprises from a “sell” rating to a “hold” rating in a research note on Wednesday, March 19th. Stifel Nicolaus raised their price objective on Werner Enterprises from $30.00 to $35.00 and gave the company a “hold” rating in a research report on Thursday, January 23rd. Finally, Wells Fargo & Company reduced their target price on shares of Werner Enterprises from $36.00 to $34.00 and set an “underweight” rating on the stock in a research report on Friday, February 7th. Five investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given 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 $37.00.

Werner Enterprises 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.