Werner Enterprises Inc. (NASDAQ:WERN) has been assigned a consensus rating of “Hold” from the twenty-one analysts that are currently covering the firm. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $26.80.
WERN has been the topic of a number of analyst reports. Deutsche Bank AG set a $23.00 target price on shares of Werner Enterprises and gave the stock a “hold” rating in a report on Monday, July 25th. Zacks Investment Research upgraded shares of Werner Enterprises from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 24th. Cowen and Company lowered their target price on shares of Werner Enterprises from $28.00 to $23.00 and set a “market perform” rating on the stock in a report on Tuesday, June 21st. Citigroup Inc. lowered their target price on shares of Werner Enterprises from $25.00 to $24.00 and set a “neutral” rating on the stock in a report on Monday, July 11th. Finally, Barclays PLC restated a “hold” rating and issued a $23.00 target price (down previously from $28.00) on shares of Werner Enterprises in a report on Tuesday, June 21st.
A number of hedge funds have recently bought and sold shares of WERN. BNP Paribas Arbitrage SA purchased a new stake in Werner Enterprises during the second quarter valued at about $494,000. A.R.T. Advisors LLC purchased a new stake in Werner Enterprises during the first quarter valued at about $526,000. Renaissance Technologies LLC purchased a new stake in Werner Enterprises during the first quarter valued at about $504,000. Goldman Sachs Group Inc. boosted its stake in Werner Enterprises by 55.3% in the first quarter. Goldman Sachs Group Inc. now owns 635,917 shares of the company’s stock valued at $17,272,000 after buying an additional 226,423 shares in the last quarter. Finally, AXA boosted its stake in Werner Enterprises by 222.9% in the first quarter. AXA now owns 61,030 shares of the company’s stock valued at $1,658,000 after buying an additional 42,130 shares in the last quarter. Institutional investors and hedge funds own 64.80% of the company’s stock.
Shares of Werner Enterprises (NASDAQ:WERN) traded up 0.21% during midday trading on Wednesday, reaching $23.63. 473,749 shares of the company’s stock traded hands. The firm has a market cap of $1.70 billion, a PE ratio of 15.96 and a beta of 0.81. The stock has a 50-day moving average price of $23.40 and a 200 day moving average price of $24.50. Werner Enterprises has a 12 month low of $20.91 and a 12 month high of $28.80.
Werner Enterprises (NASDAQ:WERN) last posted its earnings results on Thursday, July 21st. The company reported $0.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.02. Werner Enterprises had a net margin of 5.24% and a return on equity of 11.42%. The company had revenue of $498.68 million for the quarter, compared to analyst estimates of $499.50 million. During the same quarter in the prior year, the business posted $0.44 EPS. Equities research analysts predict that Werner Enterprises will post $1.13 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 18th. Investors of record on Monday, October 3rd will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.02%. The ex-dividend date of this dividend is Thursday, September 29th. Werner Enterprises’s dividend payout ratio (DPR) is presently 16.22%.
Werner Enterprises Company Profile
Werner Enterprises, Inc is a transportation and logistics company. The Company is engaged in transporting truckload shipments of general commodities in both interstate and intrastate commerce. The Company operates through two segments: Truckload Transportation Services (Truckload) and Value Added Services (VAS).
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