Werner Enterprises Inc. (WERN) Sees Strong Trading Volume
Werner Enterprises Inc. (NASDAQ:WERN) shares saw strong trading volume on Tuesday . 709,885 shares were traded during trading, an increase of 0% from the previous session’s volume of 707,268 shares.The stock last traded at $24.35 and had previously closed at $23.89.
A number of equities research analysts recently issued reports on the company. JPMorgan Chase & Co. downgraded Werner Enterprises from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $30.00 to $23.00 in a research report on Tuesday, June 21st. Zacks Investment Research downgraded Werner Enterprises from a “hold” rating to a “sell” rating in a report on Wednesday, April 27th. Morgan Stanley set a $27.00 target price on Werner Enterprises and gave the company a “buy” rating in a report on Thursday, August 18th. BB&T Corp. downgraded Werner Enterprises from a “buy” rating to a “hold” rating in a report on Tuesday, June 7th. Finally, Cowen and Company raised their target price on Werner Enterprises from $23.00 to $24.00 and gave the company a “market perform” rating in a report on Friday, July 22nd. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $27.06.
The firm has a market capitalization of $1.76 billion and a PE ratio of 16.45. The firm has a 50 day moving average price of $24.09 and a 200 day moving average price of $25.22.
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. Analysts predict that Werner Enterprises Inc. will post $1.13 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 18th. Stockholders of record on Monday, October 3rd will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.99%. The ex-dividend date of this dividend is Thursday, September 29th.
An institutional investor recently bought a new position in Werner Enterprises stock. Trexquant Investment LP acquired 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 institutional investor acquired 47,990 shares of the company’s stock, valued at approximately $1,122,000. Trexquant Investment LP owned 0.07% of Werner Enterprises as of its most recent SEC filing.
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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