Werner Enterprises (NASDAQ:WERN) Share Price Passes Above 200 Day Moving Average – Should You Sell?

Werner Enterprises, Inc. (NASDAQ:WERN) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $34.56 and traded as high as $43.91. Werner Enterprises shares last traded at $43.61, with a volume of 850,497 shares traded.

Analyst Ratings Changes

WERN has been the topic of a number of analyst reports. TD Cowen increased their price objective on shares of Werner Enterprises from $36.00 to $43.00 and gave the stock a “hold” rating in a research note on Wednesday, April 29th. The Goldman Sachs Group increased their price target on shares of Werner Enterprises from $43.00 to $48.00 and gave the stock a “buy” rating in a research report on Tuesday, June 23rd. JPMorgan Chase & Co. upped their target price on Werner Enterprises from $30.00 to $34.00 and gave the stock an “underweight” rating in a research note on Wednesday, April 29th. Wells Fargo & Company raised their target price on Werner Enterprises from $39.00 to $46.00 and gave the company an “equal weight” rating in a report on Friday, June 5th. Finally, Citigroup lifted their price target on Werner Enterprises from $34.00 to $37.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. Two equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $37.77.

Werner Enterprises Trading Down 1.4%

The business’s 50 day simple moving average is $39.55 and its two-hundred day simple moving average is $34.65. The stock has a market cap of $2.59 billion, a P/E ratio of -288.00, a PEG ratio of 0.92 and a beta of 1.26. The company has a quick ratio of 1.43, a current ratio of 1.46 and a debt-to-equity ratio of 0.66.

Werner Enterprises (NASDAQ:WERN) last announced its quarterly earnings results on Tuesday, April 28th. The transportation company reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.05. The company had revenue of $730.14 million during the quarter, compared to analysts’ expectations of $812.50 million. Werner Enterprises had a positive return on equity of 0.66% and a negative net margin of 0.28%.Werner Enterprises’s revenue was up 13.6% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.12) EPS. As a group, analysts expect that Werner Enterprises, Inc. will post 0.94 EPS for the current year.

Werner Enterprises Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Monday, July 6th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Monday, July 6th. Werner Enterprises’s payout ratio is -373.33%.

Institutional Investors Weigh In On Werner Enterprises

Institutional investors have recently added to or reduced their stakes in the business. Empowered Funds LLC lifted its holdings in shares of Werner Enterprises by 30.0% during the first quarter. Empowered Funds LLC now owns 284,197 shares of the transportation company’s stock worth $8,358,000 after purchasing an additional 65,534 shares during the period. Glenmede Trust Co. NA bought a new position in Werner Enterprises during the 1st quarter worth $367,000. Edgestream Partners L.P. acquired a new position in Werner Enterprises during the 1st quarter worth about $4,456,000. Amundi grew its position in shares of Werner Enterprises by 24.9% in the 1st quarter. Amundi now owns 11,552 shares of the transportation company’s stock valued at $340,000 after buying an additional 2,306 shares during the last quarter. Finally, California State Teachers Retirement System grew its position in shares of Werner Enterprises by 28.0% in the 1st quarter. California State Teachers Retirement System now owns 72,900 shares of the transportation company’s stock valued at $2,144,000 after buying an additional 15,943 shares during the last quarter. 89.32% of the stock is owned by institutional investors.

About Werner Enterprises

Werner Enterprises, Inc, founded in 1956 by Clarence L. “Chris” Werner, is a leading transportation and logistics provider based in Omaha, Nebraska. The company began as a one‐truck operation and has since grown into one of North America’s largest carriers, offering an array of services to support diverse supply chains.

Werner’s core business activities include full truckload dry van services, dedicated contract carriage, intermodal transport and brokerage solutions. The company also provides value-added services such as warehousing, freight management and fleet maintenance through its network of terminals and service centers.