Werner Enterprises, Inc. (WERN) VP Jim S. Schelble Sells 7,500 Shares
Werner Enterprises, Inc. (NASDAQ:WERN) VP Jim S. Schelble sold 7,500 shares of the stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $30.17, for a total transaction of $226,275.00. Following the sale, the vice president now directly owns 55,306 shares in the company, valued at $1,668,582.02. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Werner Enterprises, Inc. (WERN) opened at 30.00 on Monday. Werner Enterprises, Inc. has a 52-week low of $21.45 and a 52-week high of $32.45. The firm has a market cap of $2.17 billion, a P/E ratio of 27.27 and a beta of 0.88. The company’s 50 day moving average is $29.44 and its 200 day moving average is $27.62.
Werner Enterprises (NASDAQ:WERN) last released its quarterly earnings data on Monday, July 24th. The transportation company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.05. The firm had revenue of $519.50 million for the quarter, compared to the consensus estimate of $521.63 million. Werner Enterprises had a net margin of 3.90% and a return on equity of 7.97%. The firm’s revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.25 earnings per share. Equities research analysts forecast that Werner Enterprises, Inc. will post $1.23 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 18th. Investors of record on Wednesday, July 5th were issued a dividend of $0.07 per share. The ex-dividend date of this dividend was Friday, June 30th. This represents a $0.28 dividend on an annualized basis and a yield of 0.93%. This is an increase from Werner Enterprises’s previous quarterly dividend of $0.06. Werner Enterprises’s payout ratio is currently 25.45%.
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Several equities research analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Werner Enterprises from a “buy” rating to a “hold” rating in a research note on Saturday. Morgan Stanley reissued an “overweight” rating and set a $32.00 target price (up from $30.00) on shares of Werner Enterprises in a research note on Tuesday, July 25th. Stifel Nicolaus reissued a “hold” rating and set a $29.00 target price (up from $26.00) on shares of Werner Enterprises in a research note on Tuesday, July 25th. Cowen and Company increased their target price on shares of Werner Enterprises from $27.00 to $31.00 and gave the stock a “market perform” rating in a research note on Tuesday, July 25th. Finally, Bank of America Corporation raised shares of Werner Enterprises from an “underperform” rating to a “neutral” rating and increased their target price for the stock from $30.00 to $32.00 in a research note on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $29.10.
A number of hedge funds have recently added to or reduced their stakes in WERN. LS Investment Advisors LLC increased its stake in Werner Enterprises by 17.2% in the second quarter. LS Investment Advisors LLC now owns 3,636 shares of the transportation company’s stock worth $107,000 after buying an additional 533 shares in the last quarter. Advantus Capital Management Inc increased its stake in Werner Enterprises by 3.2% in the first quarter. Advantus Capital Management Inc now owns 5,730 shares of the transportation company’s stock worth $150,000 after buying an additional 178 shares in the last quarter. Public Employees Retirement System of Ohio increased its stake in Werner Enterprises by 2.7% in the first quarter. Public Employees Retirement System of Ohio now owns 6,257 shares of the transportation company’s stock worth $164,000 after buying an additional 163 shares in the last quarter. Thrivent Financial for Lutherans bought a new stake in Werner Enterprises during the fourth quarter worth approximately $206,000. Finally, Thrivent Financial For Lutherans increased its stake in Werner Enterprises by 11.5% in the first quarter. Thrivent Financial For Lutherans now owns 8,530 shares of the transportation company’s stock worth $223,000 after buying an additional 880 shares in the last quarter. 66.16% of the stock is currently owned by hedge funds and other institutional investors.
Werner Enterprises Company Profile
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. It operates through two segments: Truckload and Werner Logistics. It provides logistics services through its Werner Logistics division.
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