Victory Capital Reports 3.97M Shares of Werner Enterprises

TL;DR

**Victory Capital owns 3.97M shares of Werner Enterprises as of Dec 31, 2023.**

AI Summary

Victory Capital Management Inc. filed an amended SC 13G/A on February 6, 2024, disclosing its ownership in Werner Enterprises Inc. As of December 31, 2023, Victory Capital beneficially owned 3,971,256 shares of Werner's common stock, representing a significant stake. This filing indicates a notable institutional investment in the trucking company, which could signal confidence from a major asset manager.

Why It Matters

This filing shows a major institutional investor, Victory Capital Management, holds a substantial position in Werner Enterprises, which can be seen as a vote of confidence in the company's future prospects.

Risk Assessment

Risk Level: low — This filing is an update on an existing institutional holding and does not indicate any immediate negative or highly volatile events.

Analyst Insight

Investors should note that a major institutional investor, Victory Capital Management, holds a substantial position in Werner Enterprises, which could be a positive signal, but further research into the company's fundamentals and Victory Capital's investment thesis would be prudent.

Key Numbers

• 3,971,256 — Shares Beneficially Owned (This is the total number of Werner Enterprises Inc. common stock shares that Victory Capital Management Inc. has the power to dispose of.)
• 3,944,910 — Sole Voting Power (This represents the number of shares for which Victory Capital Management Inc. has the sole right to vote.)
• December 31, 2023 — Reporting Date (This is the specific date as of which the ownership information in the filing is accurate.)

Key Players & Entities

• Victory Capital Management Inc. (company) — the reporting person and institutional investor
• Werner Enterprises Inc. (company) — the subject company whose shares are being reported
• 3,971,256 (dollar_amount) — shares beneficially owned by Victory Capital Management Inc.
• December 31, 2023 (date) — the date of the event requiring the filing
• February 6, 2024 (date) — the filing date of the SC 13G/A

Forward-Looking Statements

• Victory Capital Management Inc. will maintain a significant stake in Werner Enterprises Inc. throughout 2024. (Victory Capital Management Inc.) — medium confidence, target: December 31, 2024

FAQ

Filing Documents

• werner13ga1_123123.htm (SC 13G/A) — 38KB
• 0001040188-24-000023.txt ( ) — 40KB

If this statement is filed

Item 3. If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: (a) ¨ Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o). (b) ¨ Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). (c) ¨ Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). (d) ¨ Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). (e) x An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E); (f) ¨ An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F); (g) ¨ A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G); (h) ¨ A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) ¨ A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) ¨ Group, in accordance with §240.13d-1(b)(1)(ii)(J).

Ownership

Item 4. Ownership. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned: 3,971,256 (b) Percent of class: 6.26% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 3,944,910 (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 3,971,256 (iv) Shared power to dispose or to direct the disposition of: 0 Instruction . For computations regarding securities which represent a right to acquire an underlying security see §240.13d-3(d)(1).

Ownership of Five Percent

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

Ownership of More than

Item 6. Ownership of More than Five Percent on Behalf of Another Person. The clients of Victory Capital Management Inc., including investment companies registered under the Investment Company Act of 1940 and separately 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 class of securities reported herein of . No client has the right to receive or the power to direct the receipt of dividends or the proceeds from the sale of, more than 5% of such class.

Identification and Classification

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

Item 8. Identification and Classification of Members of the Group. Not applicable.

Notice of Dissolution

Item 9. Notice of Dissolution of Group. Not applicable. CUSIP No. 950755108 13G Page 4 of 4 Pages

Certification

Item 10. Certification. (a) The following certification shall be included if the statement is filed pursuant to §240.13d-1(b): 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 and are not held in connection with or as a participant in any transaction having that purpose or effect. 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. 2/6/2024 Date /s / Barry Garrett Barry Garrett/Chief Compliance Officer

View Full Filing

View this SC 13G/A filing on SEC EDGAR