BidaskClub upgraded shares of Werner Enterprises (NASDAQ:WERN) from a buy rating to a strong-buy rating in a report issued on Thursday, December 21st.
Other equities analysts have also issued research reports about the company. Zacks Investment Research raised Werner Enterprises from a hold rating to a buy rating and set a $35.00 price target for the company in a research report on Wednesday, August 23rd. Barclays lifted their price objective on Werner Enterprises from $25.00 to $32.00 and gave the stock an equal weight rating in a report on Monday, October 2nd. Stifel Nicolaus reiterated a hold rating and issued a $36.00 price objective on shares of Werner Enterprises in a report on Sunday, October 1st. Robert W. Baird reiterated a hold rating and issued a $38.00 price objective on shares of Werner Enterprises in a report on Friday, October 6th. Finally, Wells Fargo & Co lifted their price objective on Werner Enterprises from $29.00 to $35.00 and gave the stock a market perform rating in a report on Friday, October 20th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of $36.00.
Werner Enterprises (NASDAQ:WERN) opened at $39.90 on Thursday. The company has a current ratio of 1.78, a quick ratio of 1.73 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $2,900.71, a price-to-earnings ratio of 34.70, a price-to-earnings-growth ratio of 1.70 and a beta of 0.97. Werner Enterprises has a 52-week low of $24.20 and a 52-week high of $40.58.
Werner Enterprises (NASDAQ:WERN) last announced its quarterly earnings data on Thursday, October 19th. The transportation company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.01). The firm had revenue of $528.64 million for the quarter, compared to analysts’ expectations of $532.48 million. Werner Enterprises had a net margin of 4.04% and a return on equity of 8.18%. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.26 EPS. equities research analysts forecast that Werner Enterprises will post 1.24 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Tuesday, January 2nd will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, December 29th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.70%. Werner Enterprises’s dividend payout ratio (DPR) is presently 24.35%.
A number of hedge funds and other institutional investors have recently bought and sold shares of WERN. Bank of New York Mellon Corp lifted its holdings in Werner Enterprises by 13.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,642,586 shares of the transportation company’s stock worth $106,910,000 after purchasing an additional 426,376 shares in the last quarter. Hodges Capital Management Inc. purchased a new position in Werner Enterprises in the 3rd quarter worth approximately $13,171,000. 1060 Capital LLC purchased a new position in Werner Enterprises in the 3rd quarter worth approximately $8,588,000. Dimensional Fund Advisors LP lifted its holdings in Werner Enterprises by 3.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,451,128 shares of the transportation company’s stock worth $159,992,000 after purchasing an additional 194,294 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its holdings in Werner Enterprises by 1,042.8% in the 3rd quarter. Russell Investments Group Ltd. now owns 196,569 shares of the transportation company’s stock worth $7,184,000 after purchasing an additional 179,369 shares in the last quarter. 64.71% of the stock is currently owned by institutional investors.
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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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