Shares of Werner Enterprises Inc. (NASDAQ:WERN) dropped 1.2% on Monday . The company traded as low as $23.09 and last traded at $23.11, with a volume of 449,565 shares traded. The stock had previously closed at $23.40.

WERN has been the subject of a number of recent analyst reports. Stifel Nicolaus downgraded Werner Enterprises from a “buy” rating to a “hold” rating and set a $30.00 price target for the company. in a report on Thursday, April 21st. Morgan Stanley reiterated a “buy” rating and set a $31.00 price target (down from $33.00) on shares of Werner Enterprises in a report on Thursday, April 21st. Cowen and Company increased their price target on Werner Enterprises from $26.00 to $28.00 and gave the stock a “market perform” rating in a report on Thursday, April 21st. Zacks Investment Research downgraded Werner Enterprises from a “hold” rating to a “sell” rating in a report on Wednesday, April 27th. Finally, Wells Fargo & Co. downgraded Werner Enterprises from an “outperform” rating to a “market perform” rating in a research note on Monday, May 9th. 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. Werner Enterprises presently has a consensus rating of “Hold” and a consensus target price of $27.28.

The stock has a market cap of $1.66 billion and a PE ratio of 15.56. The company has a 50-day moving average of $23.92 and a 200-day moving average of $25.27.

Werner Enterprises (NASDAQ:WERN) last issued its quarterly earnings data on Thursday, July 21st. The company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.23 by $0.02. During the same period last year, the company posted $0.44 earnings per share. The firm had revenue of $498.68 million for the quarter, compared to the consensus estimate of $499.50 million. Equities analysts forecast that Werner Enterprises Inc. will post $1.13 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 19th. Investors of record on Friday, July 8th were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.04%. The ex-dividend date of this dividend was Wednesday, July 6th.

Several institutional investors recently made changes to their positions in the stock. California Public Employees Retirement System boosted its position in shares of Werner Enterprises by 2.2% in the fourth quarter. California Public Employees Retirement System now owns 179,200 shares of the company’s stock valued at $4,191,000 after buying an additional 3,900 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of Werner Enterprises by 3.3% in the fourth quarter. Victory Capital Management Inc. now owns 647,968 shares of the company’s stock valued at $15,156,000 after buying an additional 20,838 shares in the last quarter. Trexquant Investment LP bought a new position in shares of Werner Enterprises during the fourth quarter valued at about $1,122,000. Finally, Dimensional Fund Advisors LP boosted its position in shares of Werner Enterprises by 15.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,784,349 shares of the company’s stock valued at $88,516,000 after buying an additional 504,382 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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