Werner Enterprises, Inc. (NASDAQ:WERN - Get Free Report)'s stock price hit a new 52-week low during trading on Wednesday . The company traded as low as $29.17 and last traded at $29.23, with a volume of 331654 shares trading hands. The stock had previously closed at $30.24.
Analyst Upgrades and Downgrades
Several equities analysts have weighed in on WERN shares. Deutsche Bank Aktiengesellschaft began coverage on Werner Enterprises in a research report on Friday, March 7th. They set a "hold" rating and a $33.00 price target for the company. StockNews.com raised shares of Werner Enterprises from a "sell" rating to a "hold" rating in a research note on Wednesday. Barclays reduced their target price on shares of Werner Enterprises from $40.00 to $38.00 and set an "equal weight" rating on the stock in a report on Friday, February 7th. Wells Fargo & Company lowered their price target on shares of Werner Enterprises from $36.00 to $34.00 and set an "underweight" rating for the company in a report on Friday, February 7th. Finally, Stifel Nicolaus upped their price objective on shares of Werner Enterprises from $30.00 to $35.00 and gave the company a "hold" rating in a research note on Thursday, January 23rd. Five investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $37.00.
Get Our Latest Research Report on Werner Enterprises
Werner Enterprises Stock Up 1.1 %
The stock has a fifty day moving average of $33.88 and a two-hundred day moving average of $36.45. The company has a quick ratio of 1.48, a current ratio of 1.52 and a debt-to-equity ratio of 0.43. The stock has a market cap of $1.83 billion, a price-to-earnings ratio of 53.76 and a beta of 0.85.
Werner Enterprises (NASDAQ:WERN - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.15). Werner Enterprises had a net margin of 1.13% and a return on equity of 2.27%. As a group, analysts predict that Werner Enterprises, Inc. will post 1.27 EPS for the current fiscal year.
Werner Enterprises Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Monday, April 14th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Monday, April 14th. This represents a $0.56 annualized dividend and a yield of 1.89%. Werner Enterprises's dividend payout ratio is currently 101.82%.
Hedge Funds Weigh In On Werner Enterprises
Hedge funds have recently made changes to their positions in the business. Atria Investments Inc increased its holdings in Werner Enterprises by 34.2% in the 3rd quarter. Atria Investments Inc now owns 8,150 shares of the transportation company's stock valued at $315,000 after purchasing an additional 2,079 shares in the last quarter. KBC Group NV boosted its position in shares of Werner Enterprises by 43.1% in the third quarter. KBC Group NV now owns 2,071 shares of the transportation company's stock worth $80,000 after buying an additional 624 shares during the period. Quest Partners LLC grew its stake in shares of Werner Enterprises by 1,732.1% in the third quarter. Quest Partners LLC now owns 15,298 shares of the transportation company's stock valued at $590,000 after buying an additional 14,463 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Werner Enterprises during the 3rd quarter valued at about $378,000. Finally, Intech Investment Management LLC purchased a new stake in shares of Werner Enterprises during the 3rd quarter valued at about $630,000. Hedge funds and other institutional investors own 89.32% of the company's stock.
About Werner Enterprises
(
Get Free Report)
Werner Enterprises, Inc, together with its subsidiaries, engages in transporting truckload shipments of general commodities in interstate and intrastate commerce in the United States, Mexico, and internationally. The company operates through two segments, Truckload Transportation Services and Werner Logistics.
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