Werner Enterprises Inc. (NASDAQ:WERN) declared a quarterly dividend on Friday, August 19th. Stockholders of record on Monday, October 3rd will be paid a dividend of 0.06 per share on Tuesday, October 18th. This represents a $0.24 annualized dividend and a dividend yield of 1.06%. The ex-dividend date is Thursday, September 29th.
Werner Enterprises (NASDAQ:WERN) opened at 22.71 on Friday. Werner Enterprises has a 12 month low of $20.91 and a 12 month high of $28.80. The stock’s 50 day moving average is $23.52 and its 200 day moving average is $24.73. The firm has a market cap of $1.64 billion, a PE ratio of 15.33 and a beta of 0.86.
Werner Enterprises (NASDAQ:WERN) last issued its quarterly earnings results on Thursday, July 21st. The company reported $0.25 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.02. Werner Enterprises had a return on equity of 11.42% and a net margin of 5.24%. The firm earned $498.68 million during the quarter, compared to the consensus estimate of $499.50 million. During the same period last year, the company earned $0.44 earnings per share. On average, equities analysts forecast that Werner Enterprises will post $1.13 earnings per share for the current year.
WERN has been the subject of several recent research reports. Evercore ISI began coverage on Werner Enterprises in a report on Friday, June 3rd. They set a “hold” rating and a $28.00 price target for the company. BB&T Corp. downgraded Werner Enterprises from a “buy” rating to a “hold” rating in a report on Tuesday, June 7th. Royal Bank Of Canada reduced their target price on Werner Enterprises from $32.00 to $28.00 and set an “outperform” rating for the company in a report on Tuesday, June 21st. JPMorgan Chase & Co. downgraded Werner Enterprises from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $30.00 to $23.00 in a report on Tuesday, June 21st. Finally, Bank of America Corp. downgraded Werner Enterprises from a “neutral” rating to an “underperform” rating in a report on Tuesday, June 21st. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. Werner Enterprises currently has a consensus rating of “Hold” and a consensus price target of $27.06.
Hedge funds have recently bought and sold shares of the stock. American Century Companies Inc. acquired a new stake in Werner Enterprises during the second quarter valued at approximately $20,376,000. BlackRock Advisors LLC boosted its stake in Werner Enterprises by 3.0% in the second quarter. BlackRock Advisors LLC now owns 20,484 shares of the company’s stock valued at $471,000 after buying an additional 592 shares during the period. BlackRock Investment Management LLC boosted its stake in Werner Enterprises by 7.7% in the second quarter. BlackRock Investment Management LLC now owns 291,051 shares of the company’s stock valued at $6,685,000 after buying an additional 20,734 shares during the period. BlackRock Inc. boosted its stake in Werner Enterprises by 44.9% in the second quarter. BlackRock Inc. now owns 25,385 shares of the company’s stock valued at $583,000 after buying an additional 7,865 shares during the period. Finally, BlackRock Fund Advisors boosted its stake in Werner Enterprises by 3.5% in the second quarter. BlackRock Fund Advisors now owns 2,205,821 shares of the company’s stock valued at $50,668,000 after buying an additional 75,173 shares during the period. Institutional investors own 64.80% of the company’s stock.
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. The Company operates through two segments: Truckload Transportation Services (Truckload) and Value Added Services (VAS).
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