Silvercrest Asset Management Group LLC Buys 7,064 Shares of Werner Enterprises, Inc. (NASDAQ:WERN)

Silvercrest Asset Management Group LLC lifted its stake in shares of Werner Enterprises, Inc. (NASDAQ:WERN) by 4.1% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 180,012 shares of the transportation company’s stock after acquiring an additional 7,064 shares during the quarter. Silvercrest Asset Management Group LLC owned about 0.28% of Werner Enterprises worth $7,042,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Jade Capital Advisors LLC bought a new stake in shares of Werner Enterprises during the 4th quarter worth about $2,118,000. First Eagle Investment Management LLC boosted its stake in shares of Werner Enterprises by 34.9% during the 1st quarter. First Eagle Investment Management LLC now owns 327,948 shares of the transportation company’s stock worth $12,829,000 after acquiring an additional 84,800 shares in the last quarter. Congress Asset Management Co. MA boosted its stake in shares of Werner Enterprises by 14.8% during the 1st quarter. Congress Asset Management Co. MA now owns 305,501 shares of the transportation company’s stock worth $11,951,000 after acquiring an additional 39,445 shares in the last quarter. Norden Group LLC boosted its stake in Werner Enterprises by 1,048.4% during the 1st quarter. Norden Group LLC now owns 91,312 shares of the transportation company’s stock valued at $3,572,000 after purchasing an additional 83,361 shares during the period. Finally, Raymond James & Associates boosted its stake in Werner Enterprises by 35.3% during the 4th quarter. Raymond James & Associates now owns 169,187 shares of the transportation company’s stock valued at $7,168,000 after purchasing an additional 44,159 shares during the period. Institutional investors own 89.32% of the company’s stock.

Werner Enterprises Trading Up 2.5 %

Shares of NASDAQ WERN traded up $0.97 during midday trading on Tuesday, hitting $40.26. The stock had a trading volume of 371,974 shares, compared to its average volume of 770,276. The company’s 50-day simple moving average is $36.46 and its 200 day simple moving average is $37.78. The firm has a market cap of $2.55 billion, a P/E ratio of 30.73, a price-to-earnings-growth ratio of 3.76 and a beta of 0.80. Werner Enterprises, Inc. has a fifty-two week low of $33.12 and a fifty-two week high of $47.17. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.90 and a quick ratio of 1.85.

Werner Enterprises (NASDAQ:WERN) last released its earnings results on Tuesday, April 30th. The transportation company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.14). Werner Enterprises had a net margin of 2.59% and a return on equity of 6.15%. The firm had revenue of $769.08 million during the quarter, compared to analyst estimates of $788.30 million. During the same period last year, the business posted $0.60 earnings per share. The firm’s quarterly revenue was down 7.6% on a year-over-year basis. Research analysts anticipate that Werner Enterprises, Inc. will post 1.25 EPS for the current year.

Werner Enterprises Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 17th. Shareholders of record on Monday, July 1st were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date was Monday, July 1st. Werner Enterprises’s dividend payout ratio (DPR) is currently 42.75%.

Wall Street Analyst Weigh In

WERN has been the subject of several recent analyst reports. Stifel Nicolaus decreased their target price on Werner Enterprises from $42.00 to $39.00 and set a “hold” rating for the company in a research note on Thursday, April 18th. Morgan Stanley decreased their target price on Werner Enterprises from $57.00 to $56.00 and set an “overweight” rating for the company in a research note on Monday, July 8th. UBS Group downgraded Werner Enterprises from a “buy” rating to a “neutral” rating and set a $39.00 target price for the company. in a research note on Tuesday, July 9th. Bank of America decreased their target price on Werner Enterprises from $35.00 to $34.00 and set an “underperform” rating for the company in a research note on Monday, April 15th. Finally, TD Cowen decreased their target price on Werner Enterprises from $42.00 to $38.00 and set a “buy” rating for the company in a research note on Wednesday, May 1st. Five equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $38.69.

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.