Werner Enterprises, Inc. (NASDAQ:WERN - Get Free Report)'s stock price gapped down before the market opened on Friday . The stock had previously closed at $37.43, but opened at $36.53. Werner Enterprises shares last traded at $36.49, with a volume of 123,513 shares trading hands.
Wall Street Analyst Weigh In
A number of equities research analysts have commented on the company. Barclays raised their price objective on Werner Enterprises from $36.00 to $40.00 and gave the stock an "equal weight" rating in a research report on Wednesday, November 13th. Susquehanna raised shares of Werner Enterprises from a "negative" rating to a "neutral" rating and set a $38.00 price target on the stock in a research note on Friday, January 3rd. Citigroup assumed coverage on Werner Enterprises in a report on Wednesday, October 9th. They set a "sell" rating and a $34.00 price objective for the company. JPMorgan Chase & Co. lowered their target price on Werner Enterprises from $37.00 to $34.00 and set an "underweight" rating on the stock in a research note on Wednesday, October 30th. Finally, Wells Fargo & Company cut their price target on Werner Enterprises from $38.00 to $35.00 and set an "underweight" rating for the company in a research note on Wednesday, October 30th. Six analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $37.14.
Read Our Latest Analysis on WERN
Werner Enterprises Trading Down 2.5 %
The company's fifty day moving average is $38.13 and its 200-day moving average is $37.52. The company has a current ratio of 1.53, a quick ratio of 1.49 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $2.26 billion, a P/E ratio of 50.00, a P/E/G ratio of 13.73 and a beta of 0.84.
Werner Enterprises (NASDAQ:WERN - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The transportation company reported $0.15 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.21 by ($0.06). The firm had revenue of $745.70 million for the quarter, compared to the consensus estimate of $765.24 million. Werner Enterprises had a net margin of 1.48% and a return on equity of 3.58%. The firm's revenue was down 8.8% on a year-over-year basis. During the same quarter last year, the company earned $0.42 earnings per share. As a group, sell-side analysts anticipate that Werner Enterprises, Inc. will post 0.68 earnings per share for the current fiscal year.
Werner Enterprises Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd were given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 1.53%. The ex-dividend date of this dividend was Thursday, January 2nd. Werner Enterprises's dividend payout ratio is currently 76.71%.
Hedge Funds Weigh In On Werner Enterprises
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Canada Pension Plan Investment Board acquired a new stake in Werner Enterprises in the 2nd quarter worth $29,000. GAMMA Investing LLC grew its position in Werner Enterprises by 145.7% during the third quarter. GAMMA Investing LLC now owns 801 shares of the transportation company's stock worth $31,000 after buying an additional 475 shares in the last quarter. Quest Partners LLC bought a new stake in shares of Werner Enterprises in the 2nd quarter worth approximately $30,000. International Assets Investment Management LLC grew its holdings in shares of Werner Enterprises by 2,390.3% during the 3rd quarter. International Assets Investment Management LLC now owns 1,544 shares of the transportation company's stock worth $60,000 after purchasing an additional 1,482 shares in the last quarter. Finally, KBC Group NV increased its position in shares of Werner Enterprises by 43.1% during the third quarter. KBC Group NV now owns 2,071 shares of the transportation company's stock valued at $80,000 after purchasing an additional 624 shares during the period. Institutional investors own 89.32% of the company's stock.
Werner Enterprises Company Profile
(
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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