Werner Enterprises (NASDAQ:WERN) Shares Pass Above 200 Day Moving Average – Here’s Why

Werner Enterprises, Inc. (NASDAQ:WERN)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $34.56 and traded as high as $43.91. Werner Enterprises shares last traded at $43.61, with a volume of 850,497 shares changing hands.

Analysts Set New Price Targets

WERN has been the topic of a number of research reports. The Goldman Sachs Group upped their target price on Werner Enterprises from $43.00 to $48.00 and gave the stock a “buy” rating in a research report on Tuesday, June 23rd. Wall Street Zen raised shares of Werner Enterprises from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Wells Fargo & Company lifted their price target on shares of Werner Enterprises from $39.00 to $46.00 and gave the company an “equal weight” rating in a research report on Friday, June 5th. TD Cowen boosted their price target on shares of Werner Enterprises from $36.00 to $43.00 and gave the company a “hold” rating in a research note on Wednesday, April 29th. Finally, Weiss Ratings upgraded shares of Werner Enterprises from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, April 29th. Two investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Reduce” and a consensus target price of $37.77.

Werner Enterprises Price Performance

The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.43 and a current ratio of 1.46. The business has a 50 day simple moving average of $39.35 and a 200-day simple moving average of $34.56. The firm has a market cap of $2.61 billion, a price-to-earnings ratio of -290.73, a P/E/G ratio of 0.92 and a beta of 1.26.

Werner Enterprises (NASDAQ:WERN) last issued its quarterly earnings data on Tuesday, April 28th. The transportation company reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.03) by $0.05. Werner Enterprises had a positive return on equity of 0.66% and a negative net margin of 0.28%.The firm had revenue of $730.14 million during the quarter, compared to the consensus estimate of $812.50 million. During the same period in the prior year, the business posted ($0.12) earnings per share. The company’s quarterly revenue was up 13.6% compared to the same quarter last year. Equities research analysts expect that Werner Enterprises, Inc. will post 0.94 earnings per share for the current year.

Werner Enterprises Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Monday, July 6th will be issued a dividend of $0.14 per share. The ex-dividend date is Monday, July 6th. This represents a $0.56 annualized dividend and a yield of 1.3%. Werner Enterprises’s dividend payout ratio is -373.33%.

Institutional Investors Weigh In On Werner Enterprises

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vaughan Nelson Investment Management L.P. purchased a new position in shares of Werner Enterprises in the 4th quarter worth approximately $34,201,000. American Century Companies Inc. increased its position in shares of Werner Enterprises by 5.4% during the third quarter. American Century Companies Inc. now owns 2,404,508 shares of the transportation company’s stock valued at $63,287,000 after acquiring an additional 123,513 shares during the last quarter. WINTON GROUP Ltd bought a new stake in Werner Enterprises during the third quarter worth $4,062,000. Thrivent Financial for Lutherans lifted its holdings in Werner Enterprises by 17.6% during the fourth quarter. Thrivent Financial for Lutherans now owns 205,654 shares of the transportation company’s stock worth $6,172,000 after acquiring an additional 30,812 shares during the period. Finally, Deprince Race & Zollo Inc. lifted its holdings in Werner Enterprises by 4.6% during the fourth quarter. Deprince Race & Zollo Inc. now owns 2,750,034 shares of the transportation company’s stock worth $82,529,000 after acquiring an additional 120,343 shares during the period. 89.32% of the stock is owned by hedge funds and other institutional investors.

Werner Enterprises Company Profile

Werner Enterprises, Inc, founded in 1956 by Clarence L. “Chris” Werner, is a leading transportation and logistics provider based in Omaha, Nebraska. The company began as a one‐truck operation and has since grown into one of North America’s largest carriers, offering an array of services to support diverse supply chains.

Werner’s core business activities include full truckload dry van services, dedicated contract carriage, intermodal transport and brokerage solutions. The company also provides value-added services such as warehousing, freight management and fleet maintenance through its network of terminals and service centers.