Werner Enterprises CFO John J. Steele Sells 20,000 Shares (WERN)
Werner Enterprises (NASDAQ:WERN) CFO John J. Steele unloaded 20,000 shares of Werner Enterprises stock on the open market in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $25.51, for a total value of $510,200.00. Following the completion of the sale, the chief financial officer now directly owns 35,757 shares in the company, valued at approximately $912,161. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
WERN has been the subject of a number of recent research reports. Analysts at Cowen and Company raised their price target on shares of Werner Enterprises from $23.00 to $27.00 in a research note to investors on Wednesday, January 29th. They now have a “market perform” rating on the stock. Separately, analysts at Avondale Partners upgraded shares of Werner Enterprises from a “market perform” rating to an “outperform” rating in a research note to investors on Tuesday, January 21st. They now have a $30.00 price target on the stock, up previously from $27.00. They noted that the move was a valuation call. Finally, analysts at Barclays downgraded shares of Werner Enterprises from an “overweight” rating to an “equal weight” rating in a research note to investors on Tuesday, January 21st. They now have a $26.00 price target on the stock, down previously from $27.00. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and two have given a buy rating to the company’s stock. Werner Enterprises has an average rating of “Hold” and a consensus target price of $25.30.
Werner Enterprises (NASDAQ:WERN) traded up 0.62% during mid-day trading on Friday, hitting $25.85. 505,733 shares of the company’s stock traded hands. Werner Enterprises has a 52 week low of $21.80 and a 52 week high of $26.87. The stock has a 50-day moving average of $25.35 and a 200-day moving average of $24.05. The company has a market cap of $1.880 billion and a P/E ratio of 21.77.
Werner Enterprises (NASDAQ:WERN) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $0.30 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.29 by $0.01. The company had revenue of $517.90 million for the quarter, compared to the consensus estimate of $512.60 million. During the same quarter in the prior year, the company posted $0.35 earnings per share. The company’s quarterly revenue was up 1.6% on a year-over-year basis. Analysts expect that Werner Enterprises will post $1.33 EPS for the current fiscal year.
Werner Enterprises, Inc is a transportation and logistics company engaged primarily in hauling truckload shipments of general commodities in both interstate and intrastate commerce.
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