Kenneth M. Bird Buys 600 Shares of Werner Enterprises Inc. (WERN) Stock
Werner Enterprises Inc. (NASDAQ:WERN) Director Kenneth M. Bird bought 600 shares of the company’s stock in a transaction dated Thursday, November 10th. The shares were purchased at an average price of $26.05 per share, with a total value of $15,630.00. Following the transaction, the director now owns 5,100 shares of the company’s stock, valued at $132,855. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.
Shares of Werner Enterprises Inc. (NASDAQ:WERN) opened at 26.65 on Wednesday. The company has a market cap of $1.92 billion, a price-to-earnings ratio of 20.48 and a beta of 0.68. Werner Enterprises Inc. has a 12-month low of $20.91 and a 12-month high of $28.80. The company’s 50-day moving average price is $24.02 and its 200 day moving average price is $23.93.
Werner Enterprises (NASDAQ:WERN) last announced its earnings results on Thursday, October 20th. The company reported $0.26 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.26. The business earned $508.70 million during the quarter, compared to analyst estimates of $500.46 million. Werner Enterprises had a return on equity of 9.82% and a net margin of 4.65%. Werner Enterprises’s revenue for the quarter was down 4.8% compared to the same quarter last year. During the same period last year, the company earned $0.44 EPS. Equities analysts predict that Werner Enterprises Inc. will post $1.06 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 17th. Investors of record on Tuesday, January 3rd will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.90%. Werner Enterprises’s dividend payout ratio is currently 18.46%.
A number of brokerages recently commented on WERN. Zacks Investment Research cut Werner Enterprises from a “hold” rating to a “sell” rating in a research note on Thursday, October 6th. Deutsche Bank AG began coverage on Werner Enterprises in a research note on Wednesday, November 2nd. They set a “buy” rating and a $27.00 price objective for the company. Cowen and Company lifted their price objective on Werner Enterprises from $23.00 to $24.00 and gave the stock a “market perform” rating in a research note on Friday, July 22nd. Morgan Stanley set a $27.00 price objective on Werner Enterprises and gave the stock a “buy” rating in a research note on Thursday, August 18th. Finally, Barclays PLC lifted their price objective on Werner Enterprises from $24.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Monday, September 12th. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Werner Enterprises has an average rating of “Hold” and a consensus price target of $26.73.
A number of hedge funds and other institutional investors have recently made changes to their positions in WERN. Public Employees Retirement System of Ohio raised its position in shares of Werner Enterprises by 6.8% in the second quarter. Public Employees Retirement System of Ohio now owns 5,962 shares of the company’s stock valued at $137,000 after buying an additional 380 shares in the last quarter. Paradigm Asset Management Co. LLC raised its position in shares of Werner Enterprises by 10.2% in the second quarter. Paradigm Asset Management Co. LLC now owns 6,500 shares of the company’s stock valued at $149,000 after buying an additional 600 shares in the last quarter. Teacher Retirement System of Texas raised its position in shares of Werner Enterprises by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 6,514 shares of the company’s stock valued at $150,000 after buying an additional 790 shares in the last quarter. Advisors Asset Management Inc. raised its position in shares of Werner Enterprises by 46.4% in the second quarter. Advisors Asset Management Inc. now owns 7,300 shares of the company’s stock valued at $168,000 after buying an additional 2,315 shares in the last quarter. Finally, M&T Bank Corp bought a new position in shares of Werner Enterprises during the first quarter valued at about $200,000. 64.43% of the stock is owned by institutional investors and hedge funds.
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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