Werner Enterprises (NASDAQ:WERN) Sets New 1-Year High – What’s Next?

Shares of Werner Enterprises, Inc. (NASDAQ:WERN) reached a new 52-week high on Tuesday . The company traded as high as $40.55 and last traded at $40.40, with a volume of 561521 shares trading hands. The stock had previously closed at $39.79.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. TD Cowen increased their price target on Werner Enterprises from $36.00 to $43.00 and gave the company a “hold” rating in a research note on Wednesday, April 29th. Citigroup increased their price target on Werner Enterprises from $34.00 to $37.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. UBS Group increased their price target on Werner Enterprises from $33.00 to $37.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. Robert W. Baird raised Werner Enterprises from an “underperform” rating to a “neutral” rating and set a $34.00 price target on the stock in a research note on Thursday, January 29th. Finally, Zacks Research raised Werner Enterprises from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 6th. Two investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of $35.15.

Werner Enterprises Price Performance

The firm has a market cap of $2.44 billion, a price-to-earnings ratio of -271.60, a P/E/G ratio of 0.84 and a beta of 1.24. The company has a current ratio of 1.46, a quick ratio of 1.43 and a debt-to-equity ratio of 0.66. The company has a 50 day moving average of $32.80 and a 200 day moving average of $31.57.

Werner Enterprises (NASDAQ:WERN) last issued its quarterly earnings data on Tuesday, April 28th. The transportation company reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.03) by $0.05. The business had revenue of $730.14 million for the quarter, compared to the consensus estimate of $812.50 million. Werner Enterprises had a positive return on equity of 0.66% and a negative net margin of 0.28%.The firm’s revenue was up 13.6% compared to the same quarter last year. During the same quarter last year, the business posted ($0.12) EPS. Equities research analysts predict that Werner Enterprises, Inc. will post 0.94 EPS for the current fiscal year.

Werner Enterprises Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Monday, July 6th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Monday, July 6th. Werner Enterprises’s dividend payout ratio (DPR) is presently -373.33%.

Hedge Funds Weigh In On Werner Enterprises

A number of large investors have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue increased its holdings in Werner Enterprises by 1.1% during the 4th quarter. State of Alaska Department of Revenue now owns 30,464 shares of the transportation company’s stock worth $914,000 after purchasing an additional 336 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased 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 purchasing an additional 401 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its holdings in Werner Enterprises by 0.8% during the 2nd 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 in the last quarter. California State Teachers Retirement System increased its holdings in Werner Enterprises by 1.1% during the 2nd 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 in the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in Werner Enterprises by 41.3% during 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. Institutional investors own 89.32% of the company’s stock.

Werner Enterprises Company Profile

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.