Shares of Werner Enterprises Inc. (NASDAQ:WERN) were down 3.7% on Thursday . The stock 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.

WERN has been the subject of a number of recent research reports. Deutsche Bank AG set a $23.00 target price on shares of Werner Enterprises and gave the stock a “hold” rating in a report on Monday, July 25th. Zacks Investment Research upgraded shares of Werner Enterprises from a “strong sell” rating to a “hold” rating in a report on Wednesday. Cowen and Company reduced their target price on shares of Werner Enterprises from $28.00 to $23.00 and set a “market perform” rating for the company in a report on Tuesday, June 21st. Evercore ISI initiated coverage on shares of Werner Enterprises in a report on Friday, June 3rd. They issued a “hold” rating and a $28.00 target price for the company. Finally, Wells Fargo & Co. downgraded shares of Werner Enterprises from an “outperform” rating to a “market perform” rating in a report on Monday, May 9th. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $27.06.

The company’s 50 day moving average price is $24.13 and its 200 day moving average price is $25.18. The stock has a market cap of $1.66 billion and a PE ratio of 15.60.

Werner Enterprises (NASDAQ:WERN) last announced its earnings results on Thursday, July 21st. The company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. The firm had revenue of $498.68 million for the quarter, compared to analysts’ expectations of $499.50 million. During the same quarter last year, the business earned $0.44 earnings per share. Equities research analysts expect that Werner Enterprises Inc. will post $1.13 EPS for the current year.

The company also recently announced 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 1.04%. The ex-dividend date is Thursday, September 29th.

A hedge fund recently bought a new stake in Werner Enterprises stock. Trexquant Investment LP bought a new position in shares of Werner Enterprises Inc. (NASDAQ:WERN) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 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 filing with the SEC.

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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