Stifel Nicolaus Reiterates “Hold” Rating for Werner Enterprises, Inc. (NASDAQ:WERN)
Stifel Nicolaus restated their hold rating on shares of Werner Enterprises, Inc. (NASDAQ:WERN) in a report issued on Tuesday. They currently have a $29.00 target price on the transportation company’s stock, up from their previous target price of $26.00.
WERN has been the topic of several other reports. Deutsche Bank AG restated a hold rating and issued a $25.00 price objective (down from $31.00) on shares of Werner Enterprises in a report on Sunday, April 23rd. Barclays PLC cut their price objective on shares of Werner Enterprises from $30.00 to $25.00 and set an equal weight rating on the stock in a report on Monday, March 27th. BidaskClub upgraded shares of Werner Enterprises from a buy rating to a strong-buy rating in a report on Friday, June 30th. Cowen and Company increased their price objective on shares of Werner Enterprises from $27.00 to $31.00 and gave the company a market perform rating in a report on Tuesday. Finally, UBS AG upgraded shares of Werner Enterprises from a sell rating to a neutral rating and increased their price objective for the company from $26.00 to $30.00 in a report on Monday, July 10th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of $29.10.
Werner Enterprises (NASDAQ:WERN) traded up 0.34% on Tuesday, reaching $29.95. 639,040 shares of the company’s stock traded hands. Werner Enterprises has a 52-week low of $21.45 and a 52-week high of $32.45. The firm’s 50 day moving average price is $29.42 and its 200 day moving average price is $27.57. The firm has a market capitalization of $2.16 billion, a PE ratio of 27.23 and a beta of 0.88.
Werner Enterprises (NASDAQ:WERN) last announced its quarterly earnings data on Monday, July 24th. The transportation company reported $0.32 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.05. Werner Enterprises had a net margin of 3.90% and a return on equity of 7.97%. The business had revenue of $519.50 million for the quarter, compared to analyst estimates of $521.63 million. During the same period in the prior year, the business posted $0.25 earnings per share. Werner Enterprises’s revenue was up 4.2% compared to the same quarter last year. On average, analysts predict that Werner Enterprises will post $1.22 EPS for the current fiscal year.
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The company also recently announced a quarterly dividend, which was paid on Tuesday, July 18th. Shareholders of record on Wednesday, July 5th were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 0.93%. The ex-dividend date was Friday, June 30th. This is an increase from Werner Enterprises’s previous quarterly dividend of $0.06. Werner Enterprises’s dividend payout ratio is presently 25.45%.
In other Werner Enterprises news, VP Jim S. Schelble sold 7,494 shares of the company’s stock in a transaction that occurred on Monday, June 19th. The shares were sold at an average price of $29.50, for a total value of $221,073.00. Following the completion of the sale, the vice president now owns 55,300 shares of the company’s stock, valued at $1,631,350. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 34.80% of the stock is currently owned by corporate insiders.
A number of large investors have recently modified their holdings of the stock. LS Investment Advisors LLC increased its stake in shares of Werner Enterprises by 17.2% in the second quarter. LS Investment Advisors LLC now owns 3,636 shares of the transportation company’s stock valued at $107,000 after buying an additional 533 shares during the last quarter. Advantus Capital Management Inc increased 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 last quarter. Public Employees Retirement System of Ohio increased 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 last quarter. Thrivent Financial for Lutherans purchased a new stake in shares of Werner Enterprises during the fourth quarter valued at approximately $206,000. Finally, Thrivent Financial For Lutherans increased 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 last quarter. 66.38% of the stock is 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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