Werner Enterprises (NASDAQ:WERN) Stock Passes Above 200 Day Moving Average – Should You Sell?

Werner Enterprises, Inc. (NASDAQ:WERN)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $28.35 and traded as high as $34.01. Werner Enterprises shares last traded at $33.39, with a volume of 651,531 shares traded.

Analyst Ratings Changes

Several analysts recently weighed in on WERN shares. Morgan Stanley raised their price objective on Werner Enterprises from $36.00 to $37.00 and gave the company an “overweight” rating in a research note on Monday, December 8th. Evercore ISI increased their target price on shares of Werner Enterprises from $20.00 to $31.00 and gave the stock an “underperform” rating in a report on Tuesday, January 13th. TD Cowen reduced their price target on shares of Werner Enterprises from $24.00 to $23.00 and set a “hold” rating on the stock in a research note on Friday, October 31st. Barclays lifted their price target on shares of Werner Enterprises from $28.00 to $33.00 and gave the company an “equal weight” rating in a report on Thursday, January 15th. Finally, Wells Fargo & Company raised shares of Werner Enterprises from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $22.00 to $34.00 in a research note on Tuesday, January 6th. Two research analysts have rated the stock with a Buy rating, eight have given a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat, Werner Enterprises presently has a consensus rating of “Reduce” and a consensus price target of $30.57.

Werner Enterprises Price Performance

The company’s 50 day moving average price is $29.98 and its 200-day moving average price is $28.35. The stock has a market cap of $2.00 billion, a P/E ratio of 81.44, a P/E/G ratio of 0.85 and a beta of 1.07. The company has a quick ratio of 1.59, a current ratio of 1.62 and a debt-to-equity ratio of 0.52.

Werner Enterprises (NASDAQ:WERN) last posted its quarterly earnings data on Thursday, October 30th. The transportation company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.18). The company had revenue of $712.04 million during the quarter, compared to analyst estimates of $763.63 million. Werner Enterprises had a net margin of 0.85% and a return on equity of 0.14%. The business’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.15 earnings per share. As a group, sell-side analysts expect that Werner Enterprises, Inc. will post 1.27 earnings per share for the current year.

Werner Enterprises Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 21st. Stockholders of record on Monday, January 5th were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Monday, January 5th. Werner Enterprises’s dividend payout ratio (DPR) is 136.59%.

Institutional Trading of Werner Enterprises

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue lifted its position in shares of Werner Enterprises by 1.1% in 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 during the period. Caitong International Asset Management Co. Ltd increased its position in shares of Werner Enterprises by 57.8% during the second quarter. Caitong International Asset Management Co. Ltd now owns 1,018 shares of the transportation company’s stock worth $28,000 after buying an additional 373 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Werner Enterprises by 0.3% during the first 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 buying an additional 401 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in Werner Enterprises by 6.9% in the third quarter. Nisa Investment Advisors LLC now owns 6,271 shares of the transportation company’s stock valued at $165,000 after buying an additional 403 shares during the period. Finally, SummerHaven Investment Management LLC lifted its holdings in Werner Enterprises by 2.2% in the second quarter. SummerHaven Investment Management LLC now owns 23,008 shares of the transportation company’s stock valued at $629,000 after buying an additional 492 shares during the period. Institutional investors and hedge funds 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.