BidaskClub cut shares of Werner Enterprises (NASDAQ:WERN) from a buy rating to a hold rating in a research note published on Friday.
Other analysts also recently issued reports about the stock. ValuEngine raised shares of Werner Enterprises from a hold rating to a buy rating in a report on Saturday, May 26th. Stifel Nicolaus assumed coverage on shares of Werner Enterprises in a report on Friday, April 6th. They issued a buy rating and a $43.00 price target for the company. Deutsche Bank raised shares of Werner Enterprises from a hold rating to a buy rating and set a $43.00 price target for the company in a report on Monday, April 2nd. Robert W. Baird increased their price target on shares of Werner Enterprises from $43.00 to $46.00 and gave the company a hold rating in a report on Monday, March 19th. Finally, Zacks Investment Research downgraded shares of Werner Enterprises from a strong-buy rating to a hold rating in a report on Wednesday, March 14th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of $41.43.
Shares of Werner Enterprises traded up $0.14, hitting $37.55, during trading hours on Friday, according to Marketbeat.com. 705,419 shares of the stock were exchanged, compared to its average volume of 1,003,865. The company has a current ratio of 1.94, a quick ratio of 1.89 and a debt-to-equity ratio of 0.06. The company has a market cap of $2.71 billion, a P/E ratio of 29.57, a P/E/G ratio of 1.28 and a beta of 1.01. Werner Enterprises has a one year low of $28.55 and a one year high of $43.95.
Werner Enterprises (NASDAQ:WERN) last posted its quarterly earnings data on Thursday, April 19th. The transportation company reported $0.38 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.02. The business had revenue of $562.68 million during the quarter, compared to the consensus estimate of $553.72 million. Werner Enterprises had a net margin of 9.86% and a return on equity of 9.30%. Werner Enterprises’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.22 EPS. equities research analysts forecast that Werner Enterprises will post 2.01 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 17th. Shareholders of record on Monday, July 2nd will be issued a $0.09 dividend. The ex-dividend date of this dividend is Friday, June 29th. This is an increase from Werner Enterprises’s previous quarterly dividend of $0.07. This represents a $0.36 dividend on an annualized basis and a yield of 0.96%. Werner Enterprises’s dividend payout ratio is 22.05%.
In other Werner Enterprises news, Director Diane K. Duren acquired 7,000 shares of the company’s stock in a transaction dated Tuesday, April 24th. The stock was bought at an average price of $36.19 per share, for a total transaction of $253,330.00. Following the purchase, the director now owns 8,934 shares in the company, valued at approximately $323,321.46. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 34.50% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. Virtu Financial LLC acquired a new position in shares of Werner Enterprises in the 4th quarter valued at $248,000. Advisor Group Inc. raised its stake in shares of Werner Enterprises by 15,248.9% in the 4th quarter. Advisor Group Inc. now owns 6,907 shares of the transportation company’s stock valued at $267,000 after buying an additional 6,862 shares in the last quarter. Hanseatic Management Services Inc. acquired a new position in shares of Werner Enterprises in the 4th quarter valued at $290,000. Levin Capital Strategies L.P. acquired a new position in shares of Werner Enterprises in the 1st quarter valued at $292,000. Finally, Cambria Investment Management L.P. acquired a new position in shares of Werner Enterprises in the 1st quarter valued at $299,000. Institutional investors own 68.37% of the company’s stock.
About Werner Enterprises
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, Canada, China, and Australia. It operates through two segments, Truckload Transportation Services and Werner Logistics.
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