Werner Enterprises, Inc. (NASDAQ:WERN - Get Free Report) shares reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $34.67 and last traded at $35.62, with a volume of 105000 shares traded. The stock had previously closed at $36.14.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on WERN shares. Stifel Nicolaus lowered Werner Enterprises from a "buy" rating to a "hold" rating and reduced their price target for the stock from $45.00 to $42.00 in a research report on Thursday, February 8th. StockNews.com upgraded Werner Enterprises from a "sell" rating to a "hold" rating in a research report on Tuesday, February 27th. Barclays lowered Werner Enterprises from an "overweight" rating to an "equal weight" rating and reduced their price target for the stock from $45.00 to $40.00 in a research report on Monday, April 1st. Susquehanna reduced their price target on Werner Enterprises from $40.00 to $35.00 and set a "neutral" rating on the stock in a research report on Monday, March 25th. Finally, Morgan Stanley reduced their price target on Werner Enterprises from $60.00 to $59.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Werner Enterprises has a consensus rating of "Hold" and an average target price of $44.25.
View Our Latest Report on Werner Enterprises
Werner Enterprises Trading Down 2.1 %
The company has a current ratio of 1.92, a quick ratio of 1.87 and a debt-to-equity ratio of 0.42. The firm has a fifty day simple moving average of $38.85 and a two-hundred day simple moving average of $39.36. The firm has a market cap of $2.24 billion, a PE ratio of 20.11, a PEG ratio of 1.06 and a beta of 0.78.
Werner Enterprises (NASDAQ:WERN - Get Free Report) last released its earnings results on Monday, February 5th. The transportation company reported $0.39 EPS for the quarter, missing analysts' consensus estimates of $0.44 by ($0.05). The firm had revenue of $821.90 million during the quarter, compared to analysts' expectations of $820.90 million. Werner Enterprises had a net margin of 3.42% and a return on equity of 8.17%. The company's revenue for the quarter was down 4.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.99 EPS. Equities analysts forecast that Werner Enterprises, Inc. will post 1.99 EPS for the current year.
Werner Enterprises Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Monday, April 15th will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date of this dividend is Friday, April 12th. Werner Enterprises's payout ratio is presently 31.82%.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in WERN. Franklin Resources Inc. raised its stake in Werner Enterprises by 1.3% during the second quarter. Franklin Resources Inc. now owns 19,118 shares of the transportation company's stock valued at $845,000 after buying an additional 253 shares during the last quarter. SummerHaven Investment Management LLC raised its stake in Werner Enterprises by 1.6% during the fourth quarter. SummerHaven Investment Management LLC now owns 16,574 shares of the transportation company's stock valued at $702,000 after buying an additional 259 shares during the last quarter. State of Alaska Department of Revenue raised its stake in Werner Enterprises by 3.8% during the third quarter. State of Alaska Department of Revenue now owns 7,586 shares of the transportation company's stock valued at $295,000 after buying an additional 280 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its stake in Werner Enterprises by 4.1% during the third quarter. Mercer Global Advisors Inc. ADV now owns 7,556 shares of the transportation company's stock valued at $284,000 after buying an additional 296 shares during the last quarter. Finally, WealthPlan Investment Management LLC raised its stake in Werner Enterprises by 2.2% during the fourth quarter. WealthPlan Investment Management LLC now owns 14,295 shares of the transportation company's stock valued at $606,000 after buying an additional 301 shares during the last quarter. Hedge funds and other institutional investors own 89.32% of the company's stock.
About Werner Enterprises
(
Get Free Report)
Werner Enterprises, Inc, together with its subsidiaries, engages in transporting truckload shipments of general commodities in interstate and intrastate commerce in the United States, Mexico, and internationally. The company operates through two segments, Truckload Transportation Services and Werner Logistics.
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