According to Zacks, “Werner Enterprises, Inc. is a transportation company primarily engaged in hauling truckload shipments of general commodities in both interstate and intrastate commerce. The Company operates throughout the 48 contiguous states pursuant to operating authority, both common and contract, granted by the Department of Transportation and pursuant to intrastate authority granted by various states. They also have authority to operate in the ten provinces of Canada and have through trailer service in and out of Mexico. “
WERN has been the subject of a number of other reports. Barclays PLC upped their price target on shares of Werner Enterprises from $24.00 to $26.00 and gave the stock an equal weight rating in a research report on Monday, September 12th. TheStreet cut shares of Werner Enterprises from a buy rating to a hold rating in a research report on Wednesday, June 29th. Susquehanna reiterated a neutral rating on shares of Werner Enterprises in a report on Wednesday, June 22nd. Cowen and Company cut their price objective 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. Finally, Deutsche Bank AG lowered shares of Werner Enterprises from a buy rating to a hold rating and cut their price objective for the stock from $29.00 to $22.00 in a report on Tuesday, June 21st. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of Hold and a consensus target price of $27.06.
Werner Enterprises (NASDAQ:WERN) opened at 24.08 on Thursday. Werner Enterprises has a one year low of $20.91 and a one year high of $28.80. The firm’s 50 day moving average price is $23.45 and its 200 day moving average price is $24.40. The stock has a market cap of $1.74 billion, a price-to-earnings ratio of 16.26 and a beta of 0.81.
Werner Enterprises (NASDAQ:WERN) last announced its quarterly earnings results on Thursday, July 21st. The company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. Werner Enterprises had a net margin of 5.24% and a return on equity of 11.42%. The firm earned $498.68 million during the quarter, compared to analysts’ expectations of $499.50 million. During the same period in the prior year, the company earned $0.44 EPS. Equities analysts forecast that Werner Enterprises will post $1.12 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 18th. Shareholders of record on Monday, October 3rd will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.00%. The ex-dividend date of this dividend is Thursday, September 29th. Werner Enterprises’s dividend payout ratio (DPR) is 16.22%.
A number of hedge funds and other institutional investors have recently bought and sold shares of WERN. BNP Paribas Arbitrage SA purchased a new position in Werner Enterprises during the second quarter valued at approximately $494,000. A.R.T. Advisors LLC purchased a new position in Werner Enterprises during the first quarter valued at approximately $526,000. Renaissance Technologies LLC purchased a new position in Werner Enterprises during the first quarter valued at approximately $504,000. Goldman Sachs Group Inc. boosted its position 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 during the period. Finally, AXA boosted its position 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 during the period. Hedge funds and other institutional investors own 64.80% of the company’s stock.
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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