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

Allspring Global Investments Holdings LLC increased its stake in Werner Enterprises, Inc. (NASDAQ:WERN) by 9.5% in the 4th quarter, HoldingsChannel reports. The fund owned 1,660,846 shares of the transportation company’s stock after acquiring an additional 143,953 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Werner Enterprises were worth $59,010,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. GAMMA Investing LLC grew its position in Werner Enterprises by 145.7% in the third quarter. GAMMA Investing LLC now owns 801 shares of the transportation company’s stock worth $31,000 after acquiring an additional 475 shares in the last quarter. Blue Trust Inc. boosted its position in shares of 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 buying an additional 514 shares during the period. Inspire Investing LLC boosted its position in shares of 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 buying an additional 551 shares during the period. JPMorgan Chase & Co. boosted its position in shares of 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 buying an additional 559 shares during the period. Finally, KBC Group NV boosted its position in shares of 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 buying an additional 624 shares during the period. Hedge funds and other institutional investors own 89.32% of the company’s stock.

Werner Enterprises Stock Down 0.3 %

Shares of NASDAQ:WERN opened at $34.41 on Friday. The company has a quick ratio of 1.49, a current ratio of 1.53 and a debt-to-equity ratio of 0.48. The stock has a market cap of $2.13 billion, a P/E ratio of 62.56, a price-to-earnings-growth ratio of 15.58 and a beta of 0.84. The business’s 50 day moving average is $36.52 and its 200 day moving average is $37.45. Werner Enterprises, Inc. has a 52-week low of $33.12 and a 52-week high of $42.48.

Werner Enterprises (NASDAQ:WERN) last announced 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 net margin of 1.13% and a return on equity of 2.26%. Sell-side analysts predict that Werner Enterprises, Inc. will post 1.31 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have issued reports on WERN. StockNews.com upgraded Werner Enterprises from a “sell” rating to a “hold” rating in a research report on Tuesday. Morgan Stanley dropped their target price on Werner Enterprises from $55.00 to $52.00 and set an “overweight” rating for the company in a research report on Wednesday, October 30th. Barclays dropped their target price on Werner Enterprises from $40.00 to $38.00 and set an “equal weight” rating for the company in a research report on Friday, February 7th. TD Cowen boosted their target price on Werner Enterprises from $40.00 to $41.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. dropped their target price on Werner Enterprises from $37.00 to $34.00 and set an “underweight” rating for the company in a research report on Wednesday, October 30th. Five analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Werner Enterprises presently has an average rating of “Hold” and a consensus target price of $37.29.

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.