Congress Asset Management Co. Increases Stock Position in Werner Enterprises, Inc. (NASDAQ:WERN)

Congress Asset Management Co. increased its position in shares of Werner Enterprises, Inc. (NASDAQ:WERN) by 11.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 413,186 shares of the transportation company’s stock after buying an additional 43,528 shares during the period. Congress Asset Management Co. owned 0.67% of Werner Enterprises worth $14,842,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Nuance Investments LLC lifted its holdings in Werner Enterprises by 24.5% during the third quarter. Nuance Investments LLC now owns 3,943,893 shares of the transportation company’s stock valued at $152,195,000 after purchasing an additional 776,277 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Werner Enterprises by 9.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,660,846 shares of the transportation company’s stock valued at $59,010,000 after buying an additional 143,953 shares during the last quarter. abrdn plc raised its position in shares of Werner Enterprises by 26.9% in the third quarter. abrdn plc now owns 497,430 shares of the transportation company’s stock valued at $19,196,000 after buying an additional 105,488 shares during the last quarter. Moody Aldrich Partners LLC acquired a new stake in shares of Werner Enterprises in the third quarter valued at about $2,316,000. Finally, Barclays PLC raised its position in shares of Werner Enterprises by 12.8% in the third quarter. Barclays PLC now owns 435,447 shares of the transportation company’s stock valued at $16,804,000 after buying an additional 49,568 shares during the last quarter. 89.32% of the stock is owned by hedge funds and other institutional investors.

Werner Enterprises Trading Up 1.2 %

Shares of WERN stock opened at $34.81 on Monday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.53 and a quick ratio of 1.49. The firm has a market cap of $2.15 billion, a PE ratio of 63.29, a price-to-earnings-growth ratio of 15.58 and a beta of 0.84. The company has a 50-day moving average of $36.43 and a two-hundred day moving average of $37.38. Werner Enterprises, Inc. has a 1-year low of $33.12 and a 1-year high of $42.48.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on WERN shares. Barclays reduced their target price on shares of 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. Morgan Stanley reduced their target price on shares of Werner Enterprises from $55.00 to $52.00 and set an “overweight” rating for the company in a research report on Wednesday, October 30th. TD Cowen raised their price objective on shares of Werner Enterprises from $40.00 to $41.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Wells Fargo & Company cut their price objective on shares of Werner Enterprises from $36.00 to $34.00 and set an “underweight” rating for the company in a research report on Friday, February 7th. Finally, Susquehanna upgraded shares of Werner Enterprises from a “negative” rating to a “neutral” rating and set a $38.00 price objective for the company in a research report on Friday, January 3rd. 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 stock. Based on data from MarketBeat.com, Werner Enterprises has a consensus rating of “Hold” and an average target price of $37.29.

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.