Shares of Werner Enterprises, Inc. (NASDAQ:WERN – Get Free Report) have received a consensus rating of “Hold” from the sixteen ratings firms that are covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $41.5385.
A number of equities analysts recently weighed in on the stock. Weiss Ratings reissued a “sell (d+)” rating on shares of Werner Enterprises in a research note on Friday, July 24th. JPMorgan Chase & Co. upped their price target on shares of Werner Enterprises from $37.00 to $39.00 and gave the company an “underweight” rating in a research report on Wednesday, July 29th. Stephens raised shares of Werner Enterprises to a “strong-buy” rating in a research report on Wednesday, July 8th. Bank of America increased their price target on Werner Enterprises from $31.00 to $36.00 and gave the stock an “underperform” rating in a report on Thursday, July 23rd. Finally, Wells Fargo & Company lifted their price objective on Werner Enterprises from $39.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Friday, June 5th.
View Our Latest Stock Analysis on Werner Enterprises
Werner Enterprises Stock Performance
Werner Enterprises (NASDAQ:WERN – Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The transportation company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.02). The firm had revenue of $813.36 million for the quarter, compared to the consensus estimate of $931.12 million. Werner Enterprises had a positive return on equity of 1.18% and a negative net margin of 1.42%.The business’s revenue for the quarter was up 24.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.11 earnings per share. On average, equities analysts forecast that Werner Enterprises will post 1.14 earnings per share for the current fiscal year.
Werner Enterprises Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 21st. Stockholders of record on Monday, October 5th will be issued a dividend of $0.14 per share. The ex-dividend date is Monday, October 5th. This represents a $0.56 annualized dividend and a dividend yield of 1.4%. Werner Enterprises’s dividend payout ratio is currently -73.68%.
Hedge Funds Weigh In On Werner Enterprises
A number of institutional investors have recently modified their holdings of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Werner Enterprises by 0.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 126,854 shares of the transportation company’s stock worth $3,717,000 after acquiring an additional 401 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its holdings in Werner Enterprises by 0.8% during the second quarter. CANADA LIFE ASSURANCE Co now owns 64,228 shares of the transportation company’s stock worth $1,758,000 after purchasing an additional 503 shares during the last quarter. California State Teachers Retirement System boosted its holdings in Werner Enterprises by 1.1% during the second quarter. California State Teachers Retirement System now owns 57,011 shares of the transportation company’s stock worth $1,560,000 after purchasing an additional 601 shares during the last quarter. GAMMA Investing LLC grew its position in Werner Enterprises by 21.5% in the 2nd quarter. GAMMA Investing LLC now owns 3,812 shares of the transportation company’s stock worth $166,000 after purchasing an additional 675 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its position in Werner Enterprises by 41.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,324 shares of the transportation company’s stock worth $70,000 after purchasing an additional 679 shares in the last quarter. 89.32% of the stock is owned by institutional investors and hedge funds.
About Werner Enterprises
Werner Enterprises, Inc, founded in 1956 by Clarence L. “Chris” Werner, is a leading transportation and logistics provider based in Omaha, Nebraska. The company began as a one‐truck operation and has since grown into one of North America’s largest carriers, offering an array of services to support diverse supply chains.
Werner’s core business activities include full truckload dry van services, dedicated contract carriage, intermodal transport and brokerage solutions. The company also provides value-added services such as warehousing, freight management and fleet maintenance through its network of terminals and service centers.
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