Werner Enterprises (NASDAQ:WERN) had its price target boosted by Cowen from $39.00 to $48.00 in a report published on Thursday, Briefing.com Automated Import reports. The firm currently has a market perform rating on the transportation company’s stock.
Several other equities analysts have also weighed in on the stock. Deutsche Bank increased their price target on shares of Werner Enterprises from $46.00 to $47.00 and gave the company a buy rating in a research report on Wednesday, June 17th. Zacks Investment Research raised shares of Werner Enterprises from a hold rating to a buy rating and set a $46.00 price objective on the stock in a report on Saturday, July 4th. Credit Suisse Group reaffirmed a sell rating and set a $39.00 price objective on shares of Werner Enterprises in a report on Friday, July 24th. UBS Group raised shares of Werner Enterprises from a neutral rating to a buy rating and upped their price objective for the company from $42.00 to $49.00 in a report on Monday, June 15th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Werner Enterprises from $37.00 to $38.00 and gave the company an underweight rating in a report on Wednesday, April 29th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the stock. Werner Enterprises currently has an average rating of Buy and an average target price of $45.27.
WERN opened at $43.99 on Thursday. The firm has a market cap of $3.08 billion, a P/E ratio of 20.46, a PEG ratio of 8.02 and a beta of 0.83. The firm has a 50-day moving average of $42.98 and a 200 day moving average of $39.47. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.48 and a current ratio of 1.73. Werner Enterprises has a fifty-two week low of $28.99 and a fifty-two week high of $46.95.
Werner Enterprises (NASDAQ:WERN) last posted its quarterly earnings results on Wednesday, July 29th. The transportation company reported $0.62 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.22. The company had revenue of $568.96 million during the quarter, compared to analyst estimates of $561.70 million. Werner Enterprises had a net margin of 6.23% and a return on equity of 14.22%. The firm’s revenue for the quarter was down 9.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.63 earnings per share. Equities research analysts predict that Werner Enterprises will post 1.95 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 21st. Investors of record on Monday, July 6th were paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date of this dividend was Thursday, July 2nd. Werner Enterprises’s payout ratio is 15.06%.
In other Werner Enterprises news, VP Jim S. Schelble sold 3,388 shares of the firm’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $43.20, for a total transaction of $146,361.60. Following the completion of the transaction, the vice president now owns 57,717 shares of the company’s stock, valued at $2,493,374.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Clarence L. Werner sold 14,130,523 shares of the firm’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $41.00, for a total value of $579,351,443.00. The disclosure for this sale can be found here. Insiders have sold 14,141,411 shares of company stock valued at $579,823,515 in the last three months. Insiders own 36.40% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. lifted its position in Werner Enterprises by 12.5% during the first quarter. PNC Financial Services Group Inc. now owns 2,183 shares of the transportation company’s stock valued at $78,000 after buying an additional 242 shares during the period. Mason Street Advisors LLC raised its position in shares of Werner Enterprises by 1.4% in the 4th quarter. Mason Street Advisors LLC now owns 23,558 shares of the transportation company’s stock worth $857,000 after purchasing an additional 334 shares during the last quarter. State of Alaska Department of Revenue raised its position in shares of Werner Enterprises by 4.7% in the 1st quarter. State of Alaska Department of Revenue now owns 7,625 shares of the transportation company’s stock worth $276,000 after purchasing an additional 344 shares during the last quarter. Public Employees Retirement Association of Colorado raised its position in shares of Werner Enterprises by 9.1% in the 1st quarter. Public Employees Retirement Association of Colorado now owns 5,129 shares of the transportation company’s stock worth $186,000 after purchasing an additional 427 shares during the last quarter. Finally, Stifel Financial Corp raised its position in shares of Werner Enterprises by 4.0% in the 4th quarter. Stifel Financial Corp now owns 12,887 shares of the transportation company’s stock worth $473,000 after purchasing an additional 494 shares during the last quarter. 62.47% of the stock is owned by institutional investors and hedge funds.
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, and China. It operates in two segments, Truckload Transportation Services and Werner Logistics.
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