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

Silvercrest Asset Management Group LLC increased its stake in shares of Werner Enterprises, Inc. (NASDAQ:WERN) by 4.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. 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’s holdings in Werner Enterprises were worth $7,042,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Blue Trust Inc. raised its holdings in Werner Enterprises by 139.9% during the fourth quarter. Blue Trust Inc. now owns 703 shares of the transportation company’s stock worth $30,000 after buying an additional 410 shares during the last quarter. EntryPoint Capital LLC acquired a new position in Werner Enterprises during the first quarter worth $43,000. Headlands Technologies LLC acquired a new position in Werner Enterprises during the first quarter worth $84,000. Hills Bank & Trust Co acquired a new position in Werner Enterprises during the fourth quarter worth $106,000. Finally, TFO Wealth Partners LLC raised its holdings in Werner Enterprises by 32,150.0% during the fourth quarter. TFO Wealth Partners LLC now owns 2,580 shares of the transportation company’s stock worth $109,000 after buying an additional 2,572 shares during the last quarter. 89.32% of the stock is owned by institutional investors.

Werner Enterprises Stock Performance

WERN traded up $0.97 during trading on Tuesday, hitting $40.26. 371,974 shares of the company traded hands, compared to its average volume of 770,276. 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. The stock’s fifty day moving average is $36.46 and its 200 day moving average is $37.78. The company has a quick ratio of 1.85, a current ratio of 1.90 and a debt-to-equity ratio of 0.39. Werner Enterprises, Inc. has a one year low of $33.12 and a one year high of $47.17.

Werner Enterprises (NASDAQ:WERN) last posted its quarterly earnings results on Tuesday, April 30th. The transportation company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.14). The company had revenue of $769.08 million for the quarter, compared to the consensus estimate of $788.30 million. Werner Enterprises had a net margin of 2.59% and a return on equity of 6.15%. Werner Enterprises’s quarterly revenue was down 7.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.60 EPS. As a group, equities analysts predict that Werner Enterprises, Inc. will post 1.25 EPS for the current fiscal year.

Werner Enterprises Announces Dividend

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

Wall Street Analyst Weigh In

Several research firms have weighed in on WERN. Susquehanna restated a “negative” rating and set a $27.00 price objective (down previously from $32.00) on shares of Werner Enterprises in a report on Monday, June 24th. Stephens restated an “equal weight” rating and set a $40.00 price objective on shares of Werner Enterprises in a report on Thursday, May 16th. Evercore ISI lowered their target price on shares of Werner Enterprises from $35.00 to $33.00 and set an “in-line” rating for the company in a report on Tuesday, June 25th. UBS Group downgraded shares of Werner Enterprises from a “buy” rating to a “neutral” rating and set a $39.00 target price for the company. in a report on Tuesday, July 9th. Finally, Bank of America lowered their target price on shares of Werner Enterprises from $35.00 to $34.00 and set an “underperform” rating for the company in a report on Monday, April 15th. Five investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price 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.