Werner Enterprises (NASDAQ:WERN) Earns “Negative” Rating from Susquehanna

Susquehanna reaffirmed their negative rating on shares of Werner Enterprises (NASDAQ:WERN) in a research note issued to investors on Monday, Marketbeat.com reports. The firm currently has a $27.00 target price on the transportation company’s stock, down from their previous target price of $32.00.

Other analysts have also issued reports about the stock. Evercore ISI cut their target price on shares of Werner Enterprises from $39.00 to $35.00 and set an in-line rating for the company in a research note on Wednesday, May 1st. Barclays decreased their target price on shares of Werner Enterprises from $40.00 to $36.00 and set an equal weight rating for the company in a research note on Thursday, May 2nd. Robert W. Baird cut their price target on shares of Werner Enterprises from $46.00 to $42.00 and set an outperform rating on the stock in a report on Wednesday, May 1st. StockNews.com upgraded shares of Werner Enterprises from a sell rating to a hold rating in a report on Thursday, June 20th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Werner Enterprises from $37.00 to $36.00 and set a neutral rating on the stock in a research report on Wednesday, May 1st. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of Hold and an average price target of $39.25.

Werner Enterprises Price Performance

NASDAQ WERN opened at $35.54 on Monday. Werner Enterprises has a 52 week low of $33.12 and a 52 week high of $47.27. The company has a current ratio of 1.90, a quick ratio of 1.85 and a debt-to-equity ratio of 0.39. The stock has a market cap of $2.25 billion, a price-to-earnings ratio of 27.13, a price-to-earnings-growth ratio of 2.89 and a beta of 0.83. The company has a 50-day moving average price of $36.36 and a two-hundred day moving average price of $38.65.

Werner Enterprises (NASDAQ:WERN) last posted its earnings results on Tuesday, April 30th. The transportation company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.14). The firm had revenue of $769.08 million during the quarter, compared to the consensus estimate of $788.30 million. Werner Enterprises had a return on equity of 6.15% and a net margin of 2.59%. Werner Enterprises’s revenue for the quarter was down 7.6% on a year-over-year basis. During the same quarter last year, the company posted $0.60 EPS. Analysts forecast that Werner Enterprises will post 1.35 EPS for the current year.

Werner Enterprises Dividend Announcement

The company also recently announced 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 annualized dividend and a yield of 1.58%. The ex-dividend date is Monday, July 1st. Werner Enterprises’s payout ratio is presently 42.75%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Blue Trust Inc. boosted its holdings in Werner Enterprises by 139.9% during the fourth quarter. Blue Trust Inc. now owns 703 shares of the transportation company’s stock worth $30,000 after purchasing an additional 410 shares during the last quarter. EntryPoint Capital LLC acquired a new position in Werner Enterprises during the first quarter worth $43,000. Planned Solutions Inc. acquired a new position in Werner Enterprises during the fourth quarter worth $57,000. Headlands Technologies LLC acquired a new position in Werner Enterprises during the first quarter worth $84,000. Finally, Hills Bank & Trust Co acquired a new position in Werner Enterprises during the fourth quarter worth $106,000. Institutional investors and hedge funds own 89.32% of the company’s stock.

About Werner Enterprises

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.