Shares of Werner Enterprises, Inc. (NASDAQ:WERN) have been given a consensus rating of “Hold” by the eighteen analysts that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $33.00.
Several research firms recently commented on WERN. Stifel Nicolaus reaffirmed a “hold” rating and issued a $36.00 price target on shares of Werner Enterprises in a report on Sunday, October 1st. Barclays PLC increased their price target on Werner Enterprises from $25.00 to $32.00 and gave the company an “equal weight” rating in a report on Monday, October 2nd. Robert W. Baird reaffirmed a “hold” rating and issued a $38.00 price target on shares of Werner Enterprises in a report on Friday, October 6th. J P Morgan Chase & Co increased their price target on Werner Enterprises from $26.00 to $35.00 and gave the company a “neutral” rating in a report on Thursday. Finally, Zacks Investment Research cut Werner Enterprises from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 26th.
Werner Enterprises (NASDAQ:WERN) traded up 1.40% during mid-day trading on Friday, reaching $36.15. The company’s stock had a trading volume of 699,207 shares. The company has a market cap of $2.61 billion, a PE ratio of 32.86 and a beta of 0.90. The firm’s 50 day moving average is $34.50 and its 200-day moving average is $29.73. Werner Enterprises has a 12-month low of $21.45 and a 12-month high of $37.00.
Werner Enterprises (NASDAQ:WERN) last posted its quarterly earnings results on Monday, July 24th. The transportation company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.27 by $0.05. Werner Enterprises had a return on equity of 7.97% and a net margin of 3.90%. The firm had revenue of $519.50 million during the quarter, compared to analysts’ expectations of $521.63 million. During the same quarter last year, the firm earned $0.25 earnings per share. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. Equities analysts anticipate that Werner Enterprises will post $1.24 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 17th. Shareholders of record on Monday, October 2nd will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, September 29th. This represents a $0.28 annualized dividend and a yield of 0.79%. Werner Enterprises’s dividend payout ratio (DPR) is 25.45%.
In other news, CEO Derek J. Leathers sold 12,244 shares of the firm’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $30.02, for a total transaction of $367,564.88. Following the completion of the transaction, the chief executive officer now directly owns 228,780 shares in the company, valued at $6,867,975.60. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Derek J. Leathers sold 17,500 shares of the firm’s stock in a transaction on Wednesday, September 20th. The stock was sold at an average price of $35.26, for a total value of $617,050.00. Following the transaction, the chief executive officer now owns 211,280 shares of the company’s stock, valued at $7,449,732.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 50,000 shares of company stock valued at $1,593,570. 34.70% of the stock is owned by insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. LS Investment Advisors LLC boosted its position in shares of Werner Enterprises by 17.2% during the second quarter. LS Investment Advisors LLC now owns 3,636 shares of the transportation company’s stock worth $107,000 after buying an additional 533 shares during the period. Advantus Capital Management Inc boosted its position in shares of Werner Enterprises by 3.2% during the first quarter. Advantus Capital Management Inc now owns 5,730 shares of the transportation company’s stock worth $150,000 after buying an additional 178 shares during the period. Public Employees Retirement System of Ohio boosted its position in shares of Werner Enterprises by 2.7% during the first quarter. Public Employees Retirement System of Ohio now owns 6,257 shares of the transportation company’s stock worth $164,000 after buying an additional 163 shares during the period. Royal Bank of Canada boosted its position in shares of Werner Enterprises by 190.5% during the second quarter. Royal Bank of Canada now owns 7,430 shares of the transportation company’s stock worth $218,000 after buying an additional 4,872 shares during the period. Finally, Capstone Investment Advisors Netherlands B.V. purchased a new position in shares of Werner Enterprises during the second quarter worth $242,000. Institutional investors and hedge funds own 64.10% 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. It operates through two segments: Truckload and Werner Logistics. It provides logistics services through its Werner Logistics division.
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