Werner Enterprises Inc. (WERN) Trading 1.8% Higher
Werner Enterprises Inc. (NASDAQ:WERN)’s share price traded 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 changing hands. The stock had previously closed at $24.22.
Several equities analysts recently issued reports on the company. Susquehanna reiterated a “neutral” rating on shares of Werner Enterprises in a report on Wednesday, June 22nd. TheStreet cut Werner Enterprises from a “buy” rating to a “hold” rating in a report on Wednesday, June 29th. Royal Bank Of Canada decreased their price target on Werner Enterprises from $32.00 to $28.00 and set an “outperform” rating on the stock in a report on Tuesday, June 21st. JPMorgan Chase & Co. cut Werner Enterprises from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $30.00 to $23.00 in a report on Tuesday, June 21st. Finally, Bank of America Corp. cut Werner Enterprises from a “neutral” rating to an “underperform” rating in a report on Tuesday, June 21st. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $27.17.
The stock’s 50 day moving average price is $23.82 and its 200 day moving average price is $25.01. The stock has a market cap of $1.79 billion and a price-to-earnings ratio of 14.87.
Werner Enterprises (NASDAQ:WERN) last issued its earnings results on Wednesday, April 20th. The company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by $0.04. The business earned $482.80 million during the quarter, compared to analyst estimates of $494.68 million. During the same period in the previous year, the firm posted $0.32 earnings per share. The firm’s quarterly revenue was down 2.6% on a year-over-year basis. On average, equities research analysts expect that Werner Enterprises Inc. will post $1.15 earnings per share for the current year.
The company also recently announced 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 0.97%.
Other large investors recently added to or reduced their stakes in the company. Trexquant Investment LP bought a new stake in Werner Enterprises during the fourth quarter worth approximately $1,122,000. Retirement Systems of Alabama raised its stake in 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 during the period. Wells Fargo & Company MN raised its stake in 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 during the period. New York State Common Retirement Fund raised its stake in 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 during the period. Finally, California State Teachers Retirement System raised its stake in 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 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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