Werner Enterprises, Inc. (NASDAQ:WERN - Get Free Report)'s share price gapped up prior to trading on Monday . The stock had previously closed at $25.95, but opened at $27.09. Werner Enterprises shares last traded at $26.10, with a volume of 152,793 shares.
Analyst Upgrades and Downgrades
A number of equities analysts have commented on WERN shares. Deutsche Bank Aktiengesellschaft started coverage on shares of Werner Enterprises in a report on Friday, March 7th. They issued a "hold" rating and a $33.00 target price for the company. Stifel Nicolaus cut their price objective on shares of Werner Enterprises from $29.00 to $24.00 and set a "hold" rating on the stock in a report on Thursday, May 1st. Wells Fargo & Company cut their price objective on shares of Werner Enterprises from $27.00 to $24.00 and set an "underweight" rating on the stock in a report on Wednesday, April 30th. Evercore ISI downgraded shares of Werner Enterprises from an "in-line" rating to an "underperform" rating and cut their price objective for the company from $27.00 to $21.00 in a report on Wednesday, April 30th. Finally, Susquehanna cut their price objective on shares of Werner Enterprises from $32.00 to $23.00 and set a "neutral" rating on the stock in a report on Wednesday, April 30th. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, Werner Enterprises currently has an average rating of "Hold" and a consensus target price of $30.77.
Get Our Latest Analysis on Werner Enterprises
Werner Enterprises Price Performance
The stock's 50-day simple moving average is $27.31 and its 200 day simple moving average is $32.62. The company has a quick ratio of 1.48, a current ratio of 1.52 and a debt-to-equity ratio of 0.43. The company has a market cap of $1.67 billion, a price-to-earnings ratio of 49.15 and a beta of 1.09.
Werner Enterprises (NASDAQ:WERN - Get Free Report) last released its earnings results on Tuesday, April 29th. The transportation company reported ($0.12) earnings per share for the quarter, missing analysts' consensus estimates of $0.12 by ($0.24). The firm had revenue of $712.11 million for the quarter, compared to analysts' expectations of $738.41 million. Werner Enterprises had a return on equity of 2.27% and a net margin of 1.13%. The firm's quarterly revenue was down 7.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.14 earnings per share. On average, equities research analysts anticipate that Werner Enterprises, Inc. will post 1.27 EPS for the current fiscal year.
Werner Enterprises Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 23rd. Investors of record on Monday, July 7th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 2.07%. The ex-dividend date of this dividend is Monday, July 7th. Werner Enterprises's dividend payout ratio is presently 193.10%.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in WERN. Brooklyn Investment Group increased its position in Werner Enterprises by 163.5% during the 1st quarter. Brooklyn Investment Group now owns 959 shares of the transportation company's stock worth $28,000 after purchasing an additional 595 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in Werner Enterprises by 69.7% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,176 shares of the transportation company's stock worth $34,000 after buying an additional 483 shares during the last quarter. Headlands Technologies LLC acquired a new stake in Werner Enterprises in the 4th quarter worth about $39,000. Blue Trust Inc. boosted its stake in Werner Enterprises by 64.7% in the 4th quarter. Blue Trust Inc. now owns 1,308 shares of the transportation company's stock worth $50,000 after buying an additional 514 shares during the last quarter. Finally, Sterling Capital Management LLC boosted its stake in Werner Enterprises by 796.3% in the 4th quarter. Sterling Capital Management LLC now owns 1,703 shares of the transportation company's stock worth $61,000 after buying an additional 1,513 shares during the last quarter. Hedge funds and other institutional investors own 89.32% of the company's stock.
Werner Enterprises Company Profile
(
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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