Werner Enterprises Inc. (NASDAQ:WERN) shares were down 3.7% during trading on Thursday . The company traded as low as $23.31 and last traded at $23.39, with a volume of 349,316 shares trading hands. The stock had previously closed at $24.30.

A number of research analysts have commented on WERN shares. Deutsche Bank AG set a $23.00 price objective on shares of Werner Enterprises and gave the company a “hold” rating in a research note on Monday, July 25th. Zacks Investment Research upgraded shares of Werner Enterprises from a “strong sell” rating to a “hold” rating in a research note on Wednesday. Cowen and Company dropped their price objective on shares of Werner Enterprises from $28.00 to $23.00 and set a “market perform” rating on the stock in a research note on Tuesday, June 21st. Evercore ISI started coverage on shares of 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, Wells Fargo & Co. lowered shares of Werner Enterprises from an “outperform” rating to a “market perform” rating in a research note on Monday, May 9th. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $27.06.

The stock’s 50 day moving average is $24.12 and its 200 day moving average is $25.21. The firm has a market cap of $1.69 billion and a P/E ratio of 15.84.

Werner Enterprises (NASDAQ:WERN) last released its quarterly earnings data on Thursday, July 21st. The company reported $0.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.02. The firm earned $498.68 million during the quarter, compared to analyst estimates of $499.50 million. During the same period last year, the business earned $0.44 EPS. On average, analysts expect that Werner Enterprises Inc. will post $1.13 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 18th. Shareholders of record on Monday, October 3rd will be paid a dividend of $0.06 per share. The ex-dividend date is Thursday, September 29th. This represents a $0.24 annualized dividend and a yield of 1.02%.

A hedge fund recently bought a new stake in Werner Enterprises stock. Trexquant Investment LP bought a new stake in shares of Werner Enterprises Inc. (NASDAQ:WERN) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 47,990 shares of the company’s stock, valued at approximately $1,122,000. Trexquant Investment LP owned 0.07% of Werner Enterprises at the end of the most recent reporting 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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