Werner Enterprises, Inc. (NASDAQ:WERN) declared a quarterly dividend on Thursday, May 14th, Zacks reports. Investors of record on Monday, July 6th will be paid a dividend of 0.09 per share by the transportation company on Tuesday, July 21st. This represents a $0.36 annualized dividend and a yield of 0.84%. The ex-dividend date is Thursday, July 2nd.
Werner Enterprises has increased its dividend by an average of 799.8% per year over the last three years and has raised its dividend annually for the last 4 consecutive years. Werner Enterprises has a payout ratio of 19.5% meaning its dividend is sufficiently covered by earnings. Analysts expect Werner Enterprises to earn $2.34 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 15.4%.
Shares of WERN opened at $42.69 on Tuesday. Werner Enterprises has a one year low of $28.71 and a one year high of $46.95. The company has a market cap of $2.95 billion, a PE ratio of 19.32, a P/E/G ratio of 7.74 and a beta of 0.84. The stock has a 50-day moving average of $42.73 and a 200-day moving average of $38.31. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.51 and a quick ratio of 1.48.
Several research firms recently issued reports on WERN. Credit Suisse Group lifted their price target on shares of Werner Enterprises from $33.00 to $37.00 and gave the company an “underperform” rating in a research report on Wednesday, April 29th. Barclays lifted their price objective on shares of Werner Enterprises from $39.00 to $41.00 and gave the company an “equal weight” rating in a report on Friday, April 17th. Morgan Stanley upped their target price on shares of Werner Enterprises from $40.00 to $44.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. JPMorgan Chase & Co. raised their price target on shares of Werner Enterprises from $37.00 to $38.00 and gave the company an “underweight” rating in a research report on Wednesday, April 29th. Finally, Citigroup boosted their price objective on Werner Enterprises from $40.00 to $48.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $42.57.
In other news, COO H Marty Nordlund sold 3,000 shares of Werner Enterprises stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $43.62, for a total transaction of $130,860.00. Following the sale, the chief operating officer now directly owns 65,716 shares in the company, valued at approximately $2,866,531.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Clarence L. Werner sold 14,130,523 shares of Werner Enterprises stock in a transaction on Monday, June 8th. The stock was sold at an average price of $41.00, for a total value of $579,351,443.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,141,411 shares of company stock valued at $579,823,515. 36.40% of the stock is currently owned by corporate insiders.
Werner Enterprises Company Profile
Werner Enterprises, Inc, a transportation and logistics company, engages in transporting truckload shipments of general commodities in interstate and intrastate commerce in the United States, Mexico, Canada, and China. It operates in two segments, Truckload Transportation Services and Werner Logistics.
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