Werner Enterprises, Inc. (NASDAQ:WERN) has received a consensus rating of “Hold” from the fourteen brokerages that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, ten have given a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $29.22.
Several research analysts have recently commented on WERN shares. TheStreet upgraded Werner Enterprises from a “c+” rating to a “b” rating in a report on Monday, June 19th. BidaskClub downgraded Werner Enterprises from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 19th. Zacks Investment Research upgraded Werner Enterprises from a “hold” rating to a “buy” rating and set a $35.00 price target on the stock in a report on Friday, July 28th. Deutsche Bank AG restated a “hold” rating and set a $25.00 price target (down previously from $31.00) on shares of Werner Enterprises in a report on Sunday, April 23rd. Finally, Stifel Nicolaus restated a “hold” rating and set a $29.00 price target (up previously from $26.00) on shares of Werner Enterprises in a report on Tuesday, July 25th.
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In other news, CEO Derek J. Leathers sold 12,244 shares of the company’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $30.02, for a total value 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 approximately $6,867,975.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Jim S. Schelble sold 7,494 shares of the company’s stock in a transaction 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 completion of 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. Insiders sold a total of 39,994 shares of company stock worth $1,197,593 over the last ninety days. 34.80% of the stock is currently owned by insiders.
Large investors have recently bought and sold shares of the company. BlackRock Inc. raised its stake in Werner Enterprises by 2.6% in the second quarter. BlackRock Inc. now owns 4,736,977 shares of the transportation company’s stock valued at $139,031,000 after buying an additional 119,913 shares during the period. Ameriprise Financial Inc. increased its position in shares of Werner Enterprises by 17.6% in the second quarter. Ameriprise Financial Inc. now owns 375,514 shares of the transportation company’s stock valued at $11,028,000 after buying an additional 56,204 shares in the last quarter. TIAA CREF Investment Management LLC increased its position in shares of Werner Enterprises by 6.7% in the second quarter. TIAA CREF Investment Management LLC now owns 128,758 shares of the transportation company’s stock valued at $3,779,000 after buying an additional 8,106 shares in the last quarter. Teachers Advisors LLC increased its position in shares of Werner Enterprises by 13.8% in the second quarter. Teachers Advisors LLC now owns 85,549 shares of the transportation company’s stock valued at $2,511,000 after buying an additional 10,400 shares in the last quarter. Finally, Wells Fargo & Company MN increased its position in shares of Werner Enterprises by 10.4% in the second quarter. Wells Fargo & Company MN now owns 123,401 shares of the transportation company’s stock valued at $3,621,000 after buying an additional 11,620 shares in the last quarter. Hedge funds and other institutional investors own 66.16% of the company’s stock.
Werner Enterprises (NASDAQ:WERN) traded down 1.15% during midday trading on Monday, hitting $30.00. The stock had a trading volume of 793,392 shares. Werner Enterprises has a 1-year low of $21.45 and a 1-year high of $32.45. The firm has a 50-day moving average price of $29.60 and a 200-day moving average price of $27.75. The firm has a market capitalization of $2.17 billion, a price-to-earnings ratio of 27.27 and a beta of 0.88.
Werner Enterprises (NASDAQ:WERN) last released its quarterly earnings data on Monday, July 24th. The transportation company reported $0.32 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.05. The firm had revenue of $519.50 million for the quarter, compared to the consensus estimate of $521.63 million. Werner Enterprises had a return on equity of 7.97% and a net margin of 3.90%. The company’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.25 earnings per share. On average, equities research analysts anticipate that Werner Enterprises will post $1.23 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 18th. Investors of record on Wednesday, July 5th were given a $0.07 dividend. The ex-dividend date of this dividend was Friday, June 30th. This is a boost from Werner Enterprises’s previous quarterly dividend of $0.06. This represents a $0.28 annualized dividend and a yield of 0.93%. Werner Enterprises’s dividend 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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