Vanguard Trims Werner Enterprises Stake to 11.2%

TL;DR

**Vanguard slightly cut its stake in Werner Enterprises to 11.2%.**

AI Summary

The Vanguard Group, a major investment firm, has updated its ownership stake in Werner Enterprises Inc., a trucking company, as of December 29, 2023. Vanguard now beneficially owns 8,468,793 shares of Werner's Common Stock, representing 11.2% of the company. This is an amendment to a previous filing, indicating a slight decrease from their prior reported stake of 8,519,933 shares (11.3%), which matters to investors as it shows a large institutional investor slightly trimmed its position, potentially signaling a minor shift in their outlook or portfolio rebalancing.

Why It Matters

This filing shows that a major institutional investor, The Vanguard Group, slightly reduced its ownership in Werner Enterprises, which could be interpreted as a minor loss of confidence or a portfolio rebalancing move.

Risk Assessment

Risk Level: low — A minor adjustment by a large institutional investor typically poses a low risk to the company's stock price or operations.

Analyst Insight

A smart investor would note this minor reduction by a large institutional holder but recognize it's likely part of routine portfolio management rather than a strong bearish signal, and would look for other, more significant catalysts before making investment decisions.

Key Numbers

• 8,468,793 — Shares Beneficially Owned (Total shares of Werner Enterprises Common Stock owned by The Vanguard Group.)
• 11.2% — Percentage of Class (The percentage of Werner Enterprises' Common Stock owned by The Vanguard Group.)
• 51,540 — Shared Voting Power (The number of shares over which The Vanguard Group has shared voting power.)
• 0 — Sole Voting Power (The number of shares over which The Vanguard Group has sole voting power.)
• December 29, 2023 — Event Date (The date that triggered the requirement for this Schedule 13G/A filing.)

Key Players & Entities

• The Vanguard Group (company) — reporting person and institutional investor
• Werner Enterprises Inc. (company) — subject company, trucking industry
• 8,468,793 shares (dollar_amount) — total shares beneficially owned by Vanguard
• 11.2% (dollar_amount) — percentage of class beneficially owned by Vanguard
• December 29, 2023 (date) — date of event requiring the filing
• 51,540 (dollar_amount) — shared voting power of Vanguard

Forward-Looking Statements

• Vanguard's slight reduction in stake will likely not significantly impact Werner Enterprises' stock price in the short term. (Werner Enterprises Inc.) — medium confidence, target: 3 months

FAQ

Filing Documents

• tv0014-wernerenterprisesinc.htm (SC 13G/A) — 11KB
• 0001104659-24-002861.txt ( ) — 13KB

(a) - Name of Issuer

Item 1(a) - Name of Issuer: Werner Enterprises Inc

(b) - Address of Issuer's Principal Executive Offices

Item 1(b) - Address of Issuer's Principal Executive Offices: 14507 Frontier Road Omaha, NE 68138-3808

(a) - Name of Person Filing

Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930

(b) – Address of Principal Business Office or, if none, residence

Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355

(c) – Citizenship

Item 2(c) – Citizenship: Pennsylvania

(d) - Title of Class of Securities

Item 2(d) - Title of Class of Securities: Common Stock

(e) - CUSIP Number

Item 2(e) - CUSIP Number 950755108

- Type of Filing

Item 3 - Type of Filing: This statement is being filed pursuant to Rule 13d-1. An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E).

- Ownership

Item 4 - Ownership: (a) Amount Beneficially Owned: (b) Percent of Class: (c) Number of shares as to which such person has: (i) sole power to vote or direct to vote: (ii) shared power to vote or direct to vote: (iii) sole power to dispose of or to direct the disposition of: (iv) shared power to dispose or to direct the disposition of: Comments: The responses to questions 5 through 9 and 11 on the cover page(s) are incorporated by reference into this Item 4.

- Ownership of Five Percent or Less of a Class

Item 5 - Ownership of Five Percent or Less of a Class: If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following

- Ownership of More Than Five Percent on Behalf of Another Person

Item 6 - Ownership of More Than Five Percent on Behalf of Another Person: The Vanguard Group, Inc.'s clients, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein. No one other person's interest in the securities reported herein is more than 5%. Item 7 - Identification and Classification of the Subsidiary Which Acquired The Security Being Reported on by the Parent Holding Company: Not applicable

- Identification and Classification of Members of Group

Item 8 - Identification and Classification of Members of Group: Not applicable

- Notice of Dissolution of Group

Item 9 - Notice of Dissolution of Group: Not applicable

- Certification

Item 10 - Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: January 10, 2024 By /s/ Ashley Grim Name: Ashley Grim Title: Head of Global Fund Administration

View Full Filing

View this SC 13G/A filing on SEC EDGAR