Werner Enterprises VP Sells $386,550 in Stock (WERN)
Werner Enterprises (NASDAQ:WERN) VP Jim S. Schelble sold 15,000 shares of Werner Enterprises stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $25.77, for a total value of $386,550.00. Following the completion of the transaction, the vice president now directly owns 29,685 shares in the company, valued at approximately $764,982. The sale was disclosed in a filing with the Securities & Exchange Commission, 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 analyst has rated the stock with a sell rating, fifteen have issued a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average 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’s 50-day moving average is $25.33 and its 200-day moving average is $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 posted its quarterly earnings results on Tuesday, January 28th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.35 earnings per share. The company’s revenue for the quarter was up 1.6% on a year-over-year basis. On average, analysts predict that Werner Enterprises will post $1.33 earnings per share 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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