Werner Enterprises, Inc. (NASDAQ:WERN) Given Average Rating of “Hold” by Brokerages
Werner Enterprises, Inc. (NASDAQ:WERN) has been assigned a consensus rating of “Hold” from the fourteen analysts that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating on the company. The average 12 month target price among analysts that have covered the stock in the last year is $26.44.
A number of brokerages recently weighed in on WERN. Bank of America Corporation reissued an “underperform” rating and issued a $30.00 price objective (up from $25.00) on shares of Werner Enterprises in a research note on Monday, July 10th. UBS AG raised Werner Enterprises from a “sell” rating to a “neutral” rating and raised their price objective for the company from $26.00 to $30.00 in a research note on Monday, July 10th. Zacks Investment Research raised Werner Enterprises from a “sell” rating to a “hold” rating in a research note on Saturday, July 8th. BidaskClub raised Werner Enterprises from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 30th. Finally, TheStreet raised Werner Enterprises from a “c+” rating to a “b” rating in a research note on Monday, June 19th.
Werner Enterprises (WERN) traded down 1.18% on Monday, hitting $29.20. The stock had a trading volume of 755,769 shares. Werner Enterprises has a one year low of $21.45 and a one year high of $30.80. The company has a market cap of $2.11 billion, a PE ratio of 28.35 and a beta of 0.87. The stock has a 50-day moving average of $29.08 and a 200-day moving average of $27.45.
Werner Enterprises (NASDAQ:WERN) last issued its quarterly earnings data on Monday, July 24th. The transportation company reported $0.32 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.05. Werner Enterprises had a return on equity of 7.61% and a net margin of 3.70%. The business had revenue of $519.50 million for the quarter, compared to the consensus estimate of $521.63 million. During the same period last year, the business earned $0.25 EPS. The firm’s revenue was up 4.2% compared to the same quarter last year. Equities analysts expect that Werner Enterprises will post $1.15 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 18th. Shareholders of record on Wednesday, July 5th were issued a $0.07 dividend. The ex-dividend date of this dividend was Friday, June 30th. This represents a $0.28 dividend on an annualized basis and a yield of 0.96%. This is a positive change from Werner Enterprises’s previous quarterly dividend of $0.06. Werner Enterprises’s dividend payout ratio (DPR) is 27.18%.
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In other Werner Enterprises news, VP Jim S. Schelble sold 7,494 shares of the firm’s stock in a transaction that occurred on Monday, June 19th. The stock was sold at an average price of $29.50, for a total value of $221,073.00. Following the sale, the vice president now owns 55,300 shares of the company’s stock, valued at approximately $1,631,350. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 34.80% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in the stock. LS Investment Advisors LLC raised its stake in Werner Enterprises by 17.2% in 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 raised its stake in shares of Werner Enterprises by 3.2% in the first quarter. Advantus Capital Management Inc now owns 5,730 shares of the transportation company’s stock valued at $150,000 after buying an additional 178 shares during the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of Werner Enterprises by 2.7% in the first quarter. Public Employees Retirement System of Ohio now owns 6,257 shares of the transportation company’s stock valued at $164,000 after buying an additional 163 shares during the last quarter. Thrivent Financial for Lutherans purchased a new stake in shares of Werner Enterprises during the fourth quarter valued at $206,000. Finally, Thrivent Financial For Lutherans raised its stake in shares of Werner Enterprises by 11.5% in the first quarter. Thrivent Financial For Lutherans now owns 8,530 shares of the transportation company’s stock valued at $223,000 after buying an additional 880 shares during the last quarter. 66.38% of the stock is currently owned by hedge funds and other institutional investors.
About Werner Enterprises
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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