Stephens upgraded shares of Werner Enterprises, Inc. (NASDAQ:WERN) from an equal weight rating to an overweight rating in a research report sent to investors on Monday. Stephens currently has $36.00 price objective on the transportation company’s stock, up from their previous price objective of $30.00.
Other analysts have also recently issued research reports about the company. TheStreet upgraded Werner Enterprises from a c+ rating to a b rating in a research report on Monday, June 19th. BidaskClub cut Werner Enterprises from a strong-buy rating to a buy rating in a research report on Wednesday, July 19th. Zacks Investment Research upgraded Werner Enterprises from a hold rating to a buy rating and set a $35.00 price target for the company in a research report on Friday, July 28th. Deutsche Bank AG restated a hold rating and issued a $25.00 price target (down previously from $31.00) on shares of Werner Enterprises in a research report on Sunday, April 23rd. Finally, Stifel Nicolaus restated a hold rating and issued a $29.00 price target (up previously from $26.00) on shares of Werner Enterprises in a research report on Tuesday, July 25th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company. Werner Enterprises has an average rating of Hold and a consensus target price of $30.36.
Werner Enterprises (WERN) opened at 30.70 on Monday. The company has a market cap of $2.22 billion, a P/E ratio of 27.91 and a beta of 0.88. Werner Enterprises has a 52 week low of $21.45 and a 52 week high of $32.45. The firm has a 50-day moving average price of $29.85 and a 200 day moving average price of $27.89.
Werner Enterprises (NASDAQ:WERN) last issued its quarterly earnings results 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 business had revenue of $519.50 million during the quarter, compared to analysts’ expectations of $521.63 million. Werner Enterprises had a return on equity of 7.97% and a net margin of 3.90%. The business’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.25 earnings per share. Analysts expect that Werner Enterprises will post $1.23 EPS for the current fiscal year.
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The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 17th. Stockholders of record on Monday, October 2nd will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.91%. Werner Enterprises’s dividend payout ratio (DPR) is 25.45%.
In other news, CEO Derek J. Leathers sold 12,756 shares of the company’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $30.00, for a total value of $382,680.00. Following the completion of the transaction, the chief executive officer now owns 241,536 shares of the company’s stock, valued at $7,246,080. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Jim S. Schelble sold 7,494 shares of the company’s stock in a transaction dated Monday, June 19th. The stock was sold at an average price of $29.50, for a total value of $221,073.00. Following the completion of 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 sold 39,994 shares of company stock valued at $1,197,593. Corporate insiders own 34.80% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the stock. BlackRock Inc. raised its position in shares of Werner Enterprises by 17,543.9% in the first quarter. BlackRock Inc. now owns 4,617,064 shares of the transportation company’s stock worth $120,967,000 after buying an additional 4,590,896 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of 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 worth $106,910,000 after buying an additional 426,376 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of 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 worth $137,729,000 after buying an additional 342,947 shares during the last quarter. Karp Capital Management Corp purchased a new position in shares of Werner Enterprises during the first quarter worth approximately $7,715,000. Finally, Norges Bank purchased a new position in shares of Werner Enterprises during the fourth quarter worth approximately $6,683,000. 64.34% of the stock is owned by 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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