Werner Enterprises (WERN) Trading Down 5.6%

Werner Enterprises, Inc. (NASDAQ:WERN) shares fell 5.6% during mid-day trading on Monday . The company traded as low as $37.60 and last traded at $37.65. 1,483,253 shares were traded during mid-day trading, an increase of 56% from the average session volume of 951,756 shares. The stock had previously closed at $39.90.

A number of brokerages have recently issued reports on WERN. Stephens reaffirmed a “buy” rating and issued a $48.00 price objective on shares of Werner Enterprises in a research report on Wednesday, January 10th. Bank of America cut shares of Werner Enterprises from a “neutral” rating to an “underperform” rating and lowered their target price for the stock from $35.00 to $33.00 in a research note on Tuesday, October 10th. BidaskClub upgraded shares of Werner Enterprises from a “buy” rating to a “strong-buy” rating in a research note on Thursday, December 21st. Zacks Investment Research upgraded shares of Werner Enterprises from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a research note on Saturday, January 6th. Finally, Wells Fargo & Co lifted their target price on shares of Werner Enterprises from $29.00 to $35.00 and gave the stock a “market perform” rating in a research note on Friday, October 20th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $39.13.

The company has a current ratio of 1.72, a quick ratio of 1.67 and a debt-to-equity ratio of 0.06. The firm has a market cap of $2,726.21, a P/E ratio of 13.71, a P/E/G ratio of 1.34 and a beta of 0.93.

Werner Enterprises (NASDAQ:WERN) last announced its quarterly earnings data on Monday, January 29th. The transportation company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.39 by $0.03. Werner Enterprises had a net margin of 9.59% and a return on equity of 8.64%. The business had revenue of $567.37 million during the quarter, compared to analysts’ expectations of $554.58 million. During the same period in the previous year, the business posted $0.30 EPS. The business’s quarterly revenue was up 9.4% compared to the same quarter last year. analysts predict that Werner Enterprises, Inc. will post 1.94 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Tuesday, January 2nd were paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend was Friday, December 29th. Werner Enterprises’s payout ratio is 10.04%.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Ameritas Investment Partners Inc. lifted its stake in Werner Enterprises by 1.9% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 17,816 shares of the transportation company’s stock valued at $523,000 after acquiring an additional 328 shares during the period. Public Employees Retirement System of Ohio lifted its stake in Werner Enterprises by 7.2% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 6,708 shares of the transportation company’s stock valued at $197,000 after acquiring an additional 451 shares during the period. Thrivent Financial For Lutherans lifted its stake in Werner Enterprises by 6.6% during the 2nd quarter. Thrivent Financial For Lutherans now owns 9,090 shares of the transportation company’s stock valued at $267,000 after acquiring an additional 560 shares during the period. California Public Employees Retirement System lifted its stake in Werner Enterprises by 1.0% during the 4th quarter. California Public Employees Retirement System now owns 167,697 shares of the transportation company’s stock valued at $6,481,000 after acquiring an additional 1,651 shares during the period. Finally, Principal Financial Group Inc. lifted its stake in Werner Enterprises by 0.9% during the 3rd quarter. Principal Financial Group Inc. now owns 184,748 shares of the transportation company’s stock valued at $6,753,000 after acquiring an additional 1,717 shares during the period. Institutional investors and hedge funds own 64.84% of the company’s stock.

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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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