Corebridge Financial Inc. Sells 2,565 Shares of Werner Enterprises, Inc. (NASDAQ:WERN)

Corebridge Financial Inc. trimmed its position in Werner Enterprises, Inc. (NASDAQ:WERN) by 7.2% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 32,848 shares of the transportation company’s stock after selling 2,565 shares during the period. Corebridge Financial Inc. owned about 0.05% of Werner Enterprises worth $1,180,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of WERN. Vanguard Group Inc. boosted its holdings in shares of Werner Enterprises by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 6,730,457 shares of the transportation company’s stock worth $241,758,000 after buying an additional 32,228 shares during the last quarter. American Century Companies Inc. boosted its stake in Werner Enterprises by 13.4% in the fourth quarter. American Century Companies Inc. now owns 1,987,187 shares of the transportation company’s stock valued at $71,380,000 after acquiring an additional 234,811 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of Werner Enterprises by 9.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,660,846 shares of the transportation company’s stock valued at $59,010,000 after acquiring an additional 143,953 shares during the period. William Blair Investment Management LLC increased its stake in shares of Werner Enterprises by 2.2% during the 4th quarter. William Blair Investment Management LLC now owns 735,695 shares of the transportation company’s stock worth $26,426,000 after purchasing an additional 15,800 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Werner Enterprises by 3.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 704,171 shares of the transportation company’s stock worth $25,294,000 after purchasing an additional 23,498 shares during the period. Institutional investors own 89.32% of the company’s stock.

Werner Enterprises Price Performance

WERN stock opened at $27.90 on Friday. The firm has a 50 day simple moving average of $32.40 and a two-hundred day simple moving average of $35.94. The stock has a market cap of $1.73 billion, a PE ratio of 50.73 and a beta of 0.85. Werner Enterprises, Inc. has a one year low of $26.55 and a one year high of $42.48. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.52 and a quick ratio of 1.48.

Werner Enterprises (NASDAQ:WERN) last released its earnings results on Thursday, February 6th. The transportation company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.15). Werner Enterprises had a net margin of 1.13% and a return on equity of 2.27%. On average, analysts predict that Werner Enterprises, Inc. will post 1.27 EPS for the current fiscal year.

Werner Enterprises Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Monday, April 14th will be given a $0.14 dividend. The ex-dividend date is Monday, April 14th. This represents a $0.56 dividend on an annualized basis and a yield of 2.01%. Werner Enterprises’s payout ratio is 101.82%.

Analysts Set New Price Targets

Several equities analysts have weighed in on WERN shares. Deutsche Bank Aktiengesellschaft initiated coverage on Werner Enterprises in a report on Friday, March 7th. They set a “hold” rating and a $33.00 price objective for the company. Stifel Nicolaus lifted their price objective on Werner Enterprises from $30.00 to $35.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. Wells Fargo & Company lowered their price objective on Werner Enterprises from $34.00 to $27.00 and set an “underweight” rating on the stock in a research note on Thursday, March 27th. Barclays reduced their target price on shares of Werner Enterprises from $38.00 to $32.00 and set an “equal weight” rating for the company in a research note on Wednesday. Finally, StockNews.com cut shares of Werner Enterprises from a “hold” rating to a “sell” rating in a research note on Thursday. Six investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Werner Enterprises presently has an average rating of “Hold” and an average price target of $35.73.

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.