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 trading hands. The stock had previously closed at $23.40.

A number of research analysts recently weighed in on the stock. Morgan Stanley restated a “buy” rating and issued a $31.00 price objective (down previously from $33.00) on shares of Werner Enterprises in a report on Thursday, April 21st. Barclays PLC restated a “hold” rating and issued a $23.00 price objective (down previously from $28.00) on shares of Werner Enterprises in a report on Tuesday, June 21st. Wells Fargo & Co. cut shares of Werner Enterprises from an “outperform” rating to a “market perform” rating in a report on Monday, May 9th. TheStreet cut shares of Werner Enterprises from a “buy” rating to a “hold” rating in a report on Wednesday, June 29th. Finally, Stifel Nicolaus cut shares of Werner Enterprises from a “buy” rating to a “hold” rating and set a $30.00 price objective for the company. in a report on Thursday, April 21st. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $27.28.

The firm has a market cap of $1.69 billion and a price-to-earnings ratio of 15.82. The company’s 50-day moving average price is $23.97 and its 200 day moving average price is $25.27.

Werner Enterprises (NASDAQ:WERN) last posted its earnings results on Thursday, July 21st. The company reported $0.25 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.02. The business had revenue of $498.68 million for the quarter, compared to analyst estimates of $499.50 million. During the same period last year, the company posted $0.44 EPS. Equities analysts predict that Werner Enterprises Inc. will post $1.13 earnings per share for the current fiscal year.

The firm also recently announced 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 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date of this dividend was Wednesday, July 6th.

A number of hedge funds have recently modified their holdings of the stock. Trexquant Investment LP purchased a new stake in shares of Werner Enterprises during the fourth quarter valued at about $1,122,000. California Public Employees Retirement System increased its stake 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 during the period. Victory Capital Management Inc. increased its stake 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 during the period. Finally, Dimensional Fund Advisors LP increased its stake 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 during the period.

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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