Werner Enterprises, Inc., a transportation and logistics company, engages in transporting truckload shipments of general commodities in interstate and intrastate commerce in the United States, Mexico, and internationally. It operates through Truckload Transportation Services and Werner Logistics segments. The Truckload Transportation Services segment operates medium-to-long-haul van fleet that transports various consumer nondurable products and other commodities in truckload quantities using dry van trailers; the expedited fleet, which offers time-sensitive truckload services using driver teams; regional short-haul fleet that provides comparable truckload van service in the United States; and temperature controlled fleet, which offers truckload services for temperature sensitive products using temperature-controlled trailers. It transports retail store merchandise, consumer products, food and beverage products, and manufactured products. The Werner Logistics segment provides non-asset-based transportation and logistics services, including truck brokerage; logistics management services and solutions; rail transportation through alliances with rail and drayage providers; and residential and commercial deliveries of large or heavy items using liftgate straight truck. As of December 31, 2021, the company had a fleet of 8,340 trucks, which included 8,050 company-operated, as well as 290 owned and operated by independent contractors;27,225 company-owned trailers that comprised dry vans, flatbeds, temperature-controlled, and other trailers; and 55 intermodal drayage trucks. Werner Enterprises, Inc. was founded in 1956 and is headquartered in Omaha, Nebraska.
Analysts Set New Price Targets
A number of brokerages recently commented on WERN. Evercore ISI upped their target price on Werner Enterprises to $43.00 in a research report on Tuesday, August 9th. JPMorgan Chase & Co. upped their target price on Werner Enterprises from $42.00 to $43.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 12th. UBS Group reduced their target price on Werner Enterprises from $49.00 to $44.00 and set a "neutral" rating for the company in a research note on Tuesday, July 19th. Barclays reduced their price objective on Werner Enterprises from $50.00 to $47.00 and set an "overweight" rating for the company in a research note on Tuesday, July 12th. Finally, Cowen increased their price objective on Werner Enterprises to $47.00 in a research note on Tuesday, August 9th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $47.00.
Werner Enterprises Price Performance
Shares of Werner Enterprises stock traded up $0.52 during trading on Friday, reaching $43.51. The company's stock had a trading volume of 581,657 shares, compared to its average volume of 549,959. The company has a quick ratio of 1.61, a current ratio of 1.64 and a debt-to-equity ratio of 0.33. Werner Enterprises has a 12-month low of $36.29 and a 12-month high of $48.79. The company has a market capitalization of $2.76 billion, a P/E ratio of 10.80, a price-to-earnings-growth ratio of 2.44 and a beta of 0.79. The business has a 50 day moving average price of $40.13 and a 200-day moving average price of $40.98.
Werner Enterprises Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 18th. Investors of record on Monday, October 3rd will be paid a $0.13 dividend. The ex-dividend date of this dividend is Friday, September 30th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.20%. Werner Enterprises's dividend payout ratio (DPR) is presently 12.90%.