Werner Enterprises, Inc. (NASDAQ:WERN)‘s stock had its “underperform” rating reaffirmed by investment analysts at Bank of America Corporation in a note issued to investors on Monday. They currently have a $30.00 price objective on the transportation company’s stock, up from their previous price objective of $25.00. Bank of America Corporation’s target price suggests a potential upside of 3.81% from the company’s current price.
Several other brokerages have also issued reports on WERN. UBS AG raised shares of Werner Enterprises from a “sell” rating to a “neutral” rating and boosted their price target for the company from $26.00 to $30.00 in a report on Monday. Zacks Investment Research raised shares of Werner Enterprises from a “sell” rating to a “hold” rating in a report on Saturday. BidaskClub raised shares of Werner Enterprises from a “buy” rating to a “strong-buy” rating in a report on Friday, June 30th. TheStreet raised shares of Werner Enterprises from a “c+” rating to a “b” rating in a report on Monday, June 19th. Finally, Deutsche Bank AG reissued a “hold” rating and issued a $25.00 price target (down previously from $31.00) on shares of Werner Enterprises in a report on Sunday, April 23rd. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. Werner Enterprises has a consensus rating of “Hold” and a consensus target price of $26.44.
Shares of Werner Enterprises (NASDAQ:WERN) opened at 28.90 on Monday. The stock has a market cap of $2.09 billion, a price-to-earnings ratio of 28.06 and a beta of 0.88. The stock has a 50 day moving average price of $27.91 and a 200-day moving average price of $27.26. Werner Enterprises has a 12-month low of $21.45 and a 12-month high of $30.20.
Werner Enterprises (NASDAQ:WERN) last announced its quarterly earnings results on Thursday, April 20th. The transportation company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.02. Werner Enterprises had a net margin of 3.70% and a return on equity of 7.61%. The company had revenue of $501.22 million during the quarter, compared to analyst estimates of $491.97 million. During the same quarter in the previous year, the business earned $0.28 EPS. The firm’s revenue was up 3.8% on a year-over-year basis. Equities analysts anticipate that Werner Enterprises will post $1.14 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 18th. Shareholders of record on Wednesday, July 5th will be given a dividend of $0.07 per share. The ex-dividend date is Friday, June 30th. This is a boost from Werner Enterprises’s previous quarterly dividend of $0.06. This represents a $0.28 annualized dividend and a yield of 0.97%. Werner Enterprises’s payout ratio is 27.18%.
In other Werner Enterprises news, VP Jim S. Schelble sold 7,494 shares of the business’s stock in a transaction dated Monday, June 19th. The shares were sold at an average price of $29.50, for a total transaction of $221,073.00. Following the sale, the vice president now directly owns 55,300 shares of the company’s stock, valued at approximately $1,631,350. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 34.80% of the company’s stock.
A number of large investors have recently modified their holdings of WERN. Advantus Capital Management Inc boosted its stake in shares of Werner Enterprises by 3.2% in the first quarter. Advantus Capital Management Inc now owns 5,730 shares of the transportation company’s stock valued at $150,000 after buying an additional 178 shares during the period. Public Employees Retirement System of Ohio boosted its stake in shares of 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 valued at $164,000 after buying an additional 163 shares during the period. Thrivent Financial for Lutherans acquired a new stake in shares of Werner Enterprises during the fourth quarter valued at approximately $206,000. Thrivent Financial For Lutherans boosted its stake in shares of Werner Enterprises by 11.5% in the first quarter. Thrivent Financial For Lutherans now owns 8,530 shares of the transportation company’s stock valued at $223,000 after buying an additional 880 shares during the period. Finally, Oxford Asset Management acquired a new stake in shares of Werner Enterprises during the first quarter valued at approximately $276,000. 66.41% of the stock is currently 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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