Werner Enterprises, Inc. (NASDAQ:WERN)‘s stock had its “underperform” rating reiterated by analysts at Bank of America Corporation in a report released on Monday, July 10th. They presently have a $30.00 price target on the transportation company’s stock, up from their previous price target of $25.00.
WERN has been the subject of several other reports. Deutsche Bank AG reissued a “hold” rating and set a $25.00 price objective (down from $31.00) on shares of Werner Enterprises in a report on Sunday, April 23rd. Barclays PLC dropped their price objective on Werner Enterprises from $30.00 to $25.00 and set an “equal weight” rating for the company in a report on Monday, March 27th. BidaskClub raised Werner Enterprises from a “buy” rating to a “strong-buy” rating in a report on Friday, June 30th. UBS AG raised Werner Enterprises from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $26.00 to $30.00 in a report on Monday, July 10th. Finally, TheStreet cut Werner Enterprises from a “b” rating to a “c+” rating in a report on Friday, May 19th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the company. Werner Enterprises currently has a consensus rating of “Hold” and a consensus price target of $29.10.
Werner Enterprises (NASDAQ:WERN) traded up 1.69% during midday trading on Monday, hitting $30.00. 675,468 shares of the stock traded hands. Werner Enterprises has a one year low of $21.45 and a one year high of $32.45. The company’s 50-day moving average is $29.44 and its 200-day moving average is $27.62. The company has a market cap of $2.17 billion, a PE ratio of 27.27 and a beta of 0.88.
Werner Enterprises (NASDAQ:WERN) last issued its quarterly earnings results on Monday, July 24th. The transportation company reported $0.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.05. The business 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 quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.25 EPS. Equities research analysts expect that Werner Enterprises will post $1.23 EPS for the current fiscal year.
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In other Werner Enterprises news, VP Jim S. Schelble sold 7,500 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $30.17, for a total transaction of $226,275.00. Following the completion of the transaction, the vice president now owns 55,306 shares of the company’s stock, valued at approximately $1,668,582.02. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Jim S. Schelble sold 7,494 shares of the company’s stock in a transaction that occurred on Monday, June 19th. The stock was sold at an average price of $29.50, for a total value of $221,073.00. Following the transaction, the vice president now directly owns 55,300 shares of the company’s stock, valued at approximately $1,631,350. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 39,994 shares of company stock valued at $1,197,593. Insiders own 34.80% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in Werner Enterprises by 17,543.9% in the first quarter. BlackRock Inc. now owns 4,617,064 shares of the transportation company’s stock valued at $120,967,000 after buying an additional 4,590,896 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Werner Enterprises by 13.3% in the second quarter. Bank of New York Mellon Corp now owns 3,642,586 shares of the transportation company’s stock valued at $106,910,000 after buying an additional 426,376 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Werner Enterprises by 7.0% in the first quarter. Dimensional Fund Advisors LP now owns 5,256,834 shares of the transportation company’s stock valued at $137,729,000 after buying an additional 342,947 shares during the last quarter. Karp Capital Management Corp bought a new stake in Werner Enterprises during the first quarter valued at approximately $7,715,000. Finally, Norges Bank bought a new stake in Werner Enterprises during the fourth quarter valued at approximately $6,683,000. 66.16% of the stock is owned by hedge funds and other institutional investors.
About Werner Enterprises
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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