Werner Enterprises, Inc. (NASDAQ:WERN) Short Interest Update

Werner Enterprises, Inc. (NASDAQ:WERNGet Free Report) was the recipient of a large increase in short interest during the month of May. As of May 15th, there was short interest totalling 2,780,000 shares, an increase of 23.6% from the April 30th total of 2,250,000 shares. Approximately 4.6% of the shares of the stock are short sold. Based on an average trading volume of 655,700 shares, the days-to-cover ratio is currently 4.2 days.

Werner Enterprises Stock Up 2.4 %

Werner Enterprises stock opened at $37.57 on Friday. The company’s 50 day simple moving average is $36.89 and its 200 day simple moving average is $39.09. Werner Enterprises has a fifty-two week low of $33.12 and a fifty-two week high of $47.27. The firm has a market capitalization of $2.38 billion, a price-to-earnings ratio of 28.68, a PEG ratio of 2.79 and a beta of 0.82. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.90 and a quick ratio of 1.85.

Werner Enterprises (NASDAQ:WERNGet Free Report) last released its quarterly earnings data on Tuesday, April 30th. The transportation company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.14). Werner Enterprises had a return on equity of 6.15% and a net margin of 2.59%. The firm had revenue of $769.08 million for the quarter, compared to the consensus estimate of $788.30 million. During the same period in the previous year, the business earned $0.60 EPS. The firm’s revenue was down 7.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Werner Enterprises will post 1.46 EPS for the current year.

Werner Enterprises Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 17th. Shareholders of record on Monday, July 1st will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date is Monday, July 1st. Werner Enterprises’s payout ratio is currently 42.75%.

Wall Street Analysts Forecast Growth

WERN has been the topic of a number of research analyst reports. StockNews.com lowered shares of Werner Enterprises from a “hold” rating to a “sell” rating in a report on Monday, May 27th. JPMorgan Chase & Co. decreased their price objective on shares of Werner Enterprises from $37.00 to $36.00 and set a “neutral” rating on the stock in a report on Wednesday, May 1st. TD Cowen reduced their target price on shares of Werner Enterprises from $42.00 to $38.00 and set a “buy” rating on the stock in a research note on Wednesday, May 1st. Bank of America reduced their target price on shares of Werner Enterprises from $35.00 to $34.00 and set an “underperform” rating on the stock in a research note on Monday, April 15th. Finally, Stephens reaffirmed an “equal weight” rating and issued a $40.00 target price on shares of Werner Enterprises in a research note on Thursday, May 16th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $40.83.

Get Our Latest Research Report on Werner Enterprises

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in Werner Enterprises by 9.7% in the fourth quarter. Vanguard Group Inc. now owns 6,420,141 shares of the transportation company’s stock valued at $272,021,000 after buying an additional 565,193 shares in the last quarter. Victory Capital Management Inc. lifted its stake in Werner Enterprises by 7.6% in the fourth quarter. Victory Capital Management Inc. now owns 3,973,767 shares of the transportation company’s stock valued at $168,369,000 after buying an additional 282,210 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Werner Enterprises by 0.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,811,218 shares of the transportation company’s stock valued at $161,484,000 after buying an additional 33,906 shares in the last quarter. Nuance Investments LLC lifted its stake in Werner Enterprises by 30.0% in the first quarter. Nuance Investments LLC now owns 2,948,542 shares of the transportation company’s stock valued at $115,347,000 after buying an additional 680,194 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in Werner Enterprises by 3.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,421,798 shares of the transportation company’s stock valued at $55,621,000 after buying an additional 48,340 shares in the last quarter. Institutional investors 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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