1 week Ago By ABMN Staff
Susquehanna upgraded shares of Werner Enterprises ( NASDAQ:WERN – Free Report ) from a negative rating to a neutral rating in a report released on Friday, MarketBeat reports. They currently have $38.00 price objective on the transportation company’s stock.
A number of other research firms have also commented on WERN. Morgan Stanley reduced their price target on Werner Enterprises from $55.00 to $52.
00 and set an “overweight” rating on the stock in a research report on Wednesday, October 30th. Barclays increased their target price on shares of Werner Enterprises from $36.00 to $40.
00 and gave the company an “equal weight” rating in a research report on Wednesday, November 13th. Wells Fargo & Company dropped their price target on shares of Werner Enterprises from $38.00 to $35.
00 and set an “underweight” rating on the stock in a research report on Wednesday, October 30th. JPMorgan Chase & Co. decreased their price objective on shares of Werner Enterprises from $37.
00 to $34.00 and set an “underweight” rating for the company in a research report on Wednesday, October 30th. Finally, Stifel Nicolaus dropped their target price on shares of Werner Enterprises from $33.
00 to $32.00 and set a “hold” rating on the stock in a report on Monday, November 4th. Six equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company.
Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $37.29. Check Out Our Latest Report on WERN Werner Enterprises Stock Up 3.
4 % 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 the consensus estimate of $0.
21 by ($0.06). Werner Enterprises had a net margin of 1.
48% and a return on equity of 3.58%. The business had revenue of $745.
70 million for the quarter, compared to the consensus estimate of $765.24 million. During the same period in the previous year, the business posted $0.
42 EPS. Werner Enterprises’s revenue was down 8.8% on a year-over-year basis.
On average, research analysts forecast that Werner Enterprises will post 0.68 EPS for the current year. Werner Enterprises Announces Dividend The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th.
Stockholders of record on Thursday, January 2nd will be paid a $0.14 dividend. The ex-dividend date is Thursday, January 2nd.
This represents a $0.56 annualized dividend and a dividend yield of 1.52%.
Werner Enterprises’s dividend payout ratio is presently 76.71%. Institutional Trading of Werner Enterprises Several hedge funds have recently bought and sold shares of WERN.
Nuance Investments LLC lifted its stake in shares of Werner Enterprises by 24.5% in the third quarter. Nuance Investments LLC now owns 3,943,893 shares of the transportation company’s stock valued at $152,195,000 after buying an additional 776,277 shares in the last quarter.
Deprince Race & Zollo Inc. raised its holdings in shares of Werner Enterprises by 37.1% in the 2nd quarter.
Deprince Race & Zollo Inc. now owns 1,665,309 shares of the transportation company’s stock worth $59,668,000 after acquiring an additional 450,522 shares during the last quarter. AQR Capital Management LLC lifted its position in Werner Enterprises by 65.
5% in the 2nd quarter. AQR Capital Management LLC now owns 879,371 shares of the transportation company’s stock valued at $31,455,000 after acquiring an additional 348,154 shares in the last quarter. American Century Companies Inc.
boosted its stake in Werner Enterprises by 15.5% during the 2nd quarter. American Century Companies Inc.
now owns 1,506,663 shares of the transportation company’s stock valued at $53,984,000 after purchasing an additional 201,843 shares during the last quarter. Finally, Public Sector Pension Investment Board bought a new stake in Werner Enterprises during the 2nd quarter worth approximately $5,000,000. Institutional investors and hedge funds 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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