Werner Enterprises, Inc. (WERN) Given Average Recommendation of “Hold” by Brokerages
Shares of Werner Enterprises, Inc. (NASDAQ:WERN) have been assigned a consensus recommendation of “Hold” from the fifteen analysts that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $29.90.
Several research analysts recently issued reports on the stock. Stephens upgraded shares of Werner Enterprises from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $30.00 to $36.00 in a research report on Monday. BidaskClub upgraded shares of Werner Enterprises from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. Zacks Investment Research lowered shares of Werner Enterprises from a “buy” rating to a “hold” rating in a research report on Saturday, August 5th. TheStreet upgraded shares of Werner Enterprises from a “c+” rating to a “b” rating in a research report on Monday, June 19th. Finally, Deutsche Bank AG reiterated a “hold” rating and issued a $32.00 target price (up from $25.00) on shares of Werner Enterprises in a research report on Wednesday, August 9th.
In other Werner Enterprises news, CEO Derek J. Leathers sold 12,244 shares of the company’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $30.02, for a total transaction of $367,564.88. Following the completion of the sale, 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 accessible through this link. Also, VP Jim S. Schelble sold 7,494 shares of the company’s stock in a transaction dated Monday, June 19th. The shares were sold at an average price of $29.50, for a total transaction of $221,073.00. Following the sale, the vice president now owns 55,300 shares of the company’s stock, valued at $1,631,350. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 39,994 shares of company stock valued at $1,197,593. Company insiders own 34.80% of the company’s stock.
A number of hedge funds have recently bought and sold shares of WERN. UBS Asset Management Americas Inc. raised its stake in Werner Enterprises by 18.6% in the first quarter. UBS Asset Management Americas Inc. now owns 20,403 shares of the transportation company’s stock worth $535,000 after buying an additional 3,200 shares in the last quarter. US Bancorp DE raised its stake in Werner Enterprises by 15.9% in the first quarter. US Bancorp DE now owns 13,599 shares of the transportation company’s stock worth $356,000 after buying an additional 1,867 shares in the last quarter. Princeton Alpha Management LP purchased a new stake in Werner Enterprises during the first quarter worth $291,000. First Trust Advisors LP raised its stake in Werner Enterprises by 4.3% in the first quarter. First Trust Advisors LP now owns 96,788 shares of the transportation company’s stock worth $2,536,000 after buying an additional 4,019 shares in the last quarter. Finally, State Treasurer State of Michigan raised its stake in Werner Enterprises by 1.1% in the first quarter. State Treasurer State of Michigan now owns 18,175 shares of the transportation company’s stock worth $476,000 after buying an additional 200 shares in the last quarter. Institutional investors and hedge funds own 64.34% of the company’s stock.
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Shares of Werner Enterprises (NASDAQ WERN) traded up 0.33% during midday trading on Friday, hitting $30.80. The company’s stock had a trading volume of 540,344 shares. The firm has a market cap of $2.23 billion, a P/E ratio of 28.00 and a beta of 0.88. The stock’s 50 day moving average is $29.88 and its 200-day moving average is $27.91. Werner Enterprises has a 52-week low of $21.45 and a 52-week high of $32.45.
Werner Enterprises (NASDAQ:WERN) last announced its earnings results on Monday, July 24th. The transportation company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.05. Werner Enterprises had a net margin of 3.90% and a return on equity of 7.97%. The company had revenue of $519.50 million during the quarter, compared to analyst estimates of $521.63 million. During the same period in the previous year, the business earned $0.25 earnings per share. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. Equities analysts predict that Werner Enterprises will post $1.23 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 17th. Shareholders of record on Monday, October 2nd will be given 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 0.91%. Werner Enterprises’s payout ratio is 25.45%.
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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