Shares of Werner Enterprises Inc. (NASDAQ:WERN) were up 1.8% during mid-day trading on Wednesday . The stock traded as high as $24.71 and last traded at $24.65, with a volume of 368,737 shares trading hands. The stock had previously closed at $24.22.

Several analysts have recently issued reports on WERN shares. Morgan Stanley reiterated a “buy” rating and issued a $31.00 price objective (down from $33.00) on shares of Werner Enterprises in a research note on Thursday, April 21st. Deutsche Bank AG cut Werner Enterprises from a “buy” rating to a “hold” rating and reduced their price objective for the company from $29.00 to $22.00 in a research note on Tuesday, June 21st. BB&T Corp. cut Werner Enterprises from a “buy” rating to a “hold” rating in a research note on Tuesday, June 7th. Evercore ISI started coverage on Werner Enterprises in a research note on Friday, June 3rd. They issued a “hold” rating and a $28.00 price objective on the stock. Finally, Stifel Nicolaus cut Werner Enterprises from a “buy” rating to a “hold” rating and set a $30.00 price objective on the stock. in a research note on Thursday, April 21st. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Werner Enterprises currently has a consensus rating of “Hold” and an average target price of $27.17.

The stock has a 50-day moving average price of $23.87 and a 200-day moving average price of $25.00. The company has a market cap of $1.76 billion and a PE ratio of 14.63.

Werner Enterprises (NASDAQ:WERN) last issued its quarterly earnings data on Wednesday, April 20th. The company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by $0.04. During the same quarter in the prior year, the company earned $0.32 EPS. The business had revenue of $482.80 million for the quarter, compared to analysts’ expectations of $494.68 million. Werner Enterprises’s quarterly revenue was down 2.6% compared to the same quarter last year. On average, equities research analysts expect that Werner Enterprises Inc. will post $1.15 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 19th. Shareholders of record on Friday, July 8th will be issued a $0.06 dividend. The ex-dividend date of this dividend is Wednesday, July 6th. This represents a $0.24 dividend on an annualized basis and a yield of 0.98%.

A number of institutional investors have recently modified their holdings of WERN. Trexquant Investment LP purchased a new position in shares of Werner Enterprises during the fourth quarter worth approximately $1,122,000. Retirement Systems of Alabama raised its position in shares of Werner Enterprises by 1.3% in the fourth quarter. Retirement Systems of Alabama now owns 57,275 shares of the company’s stock worth $1,340,000 after buying an additional 748 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of Werner Enterprises by 23.2% in the fourth quarter. Wells Fargo & Company MN now owns 61,808 shares of the company’s stock worth $1,446,000 after buying an additional 11,658 shares in the last quarter. New York State Common Retirement Fund raised its position in shares of Werner Enterprises by 2.3% in the fourth quarter. New York State Common Retirement Fund now owns 72,300 shares of the company’s stock worth $1,691,000 after buying an additional 1,600 shares in the last quarter. Finally, California State Teachers Retirement System raised its position in shares of Werner Enterprises by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 82,216 shares of the company’s stock worth $1,923,000 after buying an additional 1,291 shares in the last quarter.

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. The Company operates through two segments: Truckload Transportation Services (Truckload) and Value Added Services (VAS).

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