Werner Enterprises Inc. (WERN) Sees Large Volume Increase
Werner Enterprises Inc. (NASDAQ:WERN) saw unusually-strong trading volume on Tuesday . Approximately 709,885 shares traded hands during mid-day 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.
Several analysts have commented on WERN shares. Deutsche Bank AG set a $23.00 target price on shares of Werner Enterprises and gave the stock a “hold” rating in a research note on Monday, July 25th. Zacks Investment Research raised shares of Werner Enterprises from a “strong sell” rating to a “hold” rating in a research note on Wednesday. Cowen and Company lowered their price objective on shares of Werner Enterprises from $28.00 to $23.00 and set a “market perform” rating for the company 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 set a “hold” rating and a $28.00 price objective for the company. Finally, Wells Fargo & Co. cut shares of Werner Enterprises from an “outperform” rating to a “market perform” rating in a research note on Monday, May 9th. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. Werner Enterprises presently has a consensus rating of “Hold” and a consensus target price of $27.06.
The firm has a market cap of $1.70 billion and a PE ratio of 15.96. The firm has a 50 day moving average of $24.12 and a 200-day moving average of $25.21.
Werner Enterprises (NASDAQ:WERN) last issued its quarterly earnings results on Thursday, July 21st. The company reported $0.25 EPS for the quarter, topping the 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 quarter in the prior year, the firm earned $0.44 EPS. Equities research analysts expect that Werner Enterprises Inc. will post $1.13 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 18th. Investors of record on Monday, October 3rd will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a 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 position in Werner Enterprises Inc. (NASDAQ:WERN) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 47,990 shares of the company’s stock, valued at approximately $1,122,000. Trexquant Investment LP owned about 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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