Werner Enterprises (NASDAQ:WERN) Given New $33.00 Price Target at Stifel Nicolaus

Werner Enterprises (NASDAQ:WERN) had its price objective lowered by Stifel Nicolaus from $39.00 to $33.00 in a research report report published on Thursday morning, Benzinga reports. The brokerage currently has a hold rating on the transportation company’s stock.

A number of other analysts have also recently weighed in on the stock. Stephens restated an equal weight rating and issued a $40.00 price target on shares of Werner Enterprises in a report on Thursday, May 16th. Wells Fargo & Company initiated coverage on shares of Werner Enterprises in a report on Friday, June 7th. They issued an underweight rating and a $38.00 price target on the stock. Susquehanna lowered their target price on shares of Werner Enterprises from $27.00 to $26.00 and set a negative rating for the company in a research note on Wednesday. JPMorgan Chase & Co. increased their price target on Werner Enterprises from $32.00 to $37.00 and gave the stock an underweight rating in a research report on Wednesday. Finally, Evercore ISI lowered their price target on Werner Enterprises from $35.00 to $33.00 and set an in-line rating on the stock in a research report on Tuesday, June 25th. Five analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of Hold and an average price target of $38.92.

Werner Enterprises Trading Down 3.4 %

WERN stock traded down $1.30 during trading on Thursday, hitting $37.02. The company had a trading volume of 31,073 shares, compared to its average volume of 776,688. The firm has a market capitalization of $2.35 billion, a P/E ratio of 29.25, a PEG ratio of 3.78 and a beta of 0.80. Werner Enterprises has a 52-week low of $33.12 and a 52-week high of $47.07. The company has a 50 day simple moving average of $36.61 and a 200-day simple moving average of $37.80. The company has a quick ratio of 1.85, a current ratio of 1.90 and a debt-to-equity ratio of 0.39.

Werner Enterprises (NASDAQ:WERN) last issued its earnings results on Tuesday, July 30th. The transportation company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.03). Werner Enterprises had a return on equity of 4.65% and a net margin of 1.99%. The business had revenue of $760.80 million for the quarter, compared to the consensus estimate of $769.81 million. During the same quarter in the previous year, the company earned $0.52 earnings per share. The firm’s revenue was down 6.2% on a year-over-year basis. As a group, research analysts forecast that Werner Enterprises will post 1.25 earnings per share for the current fiscal year.

Werner Enterprises Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 17th. Shareholders of record on Monday, July 1st were issued a $0.14 dividend. The ex-dividend date was Monday, July 1st. This represents a $0.56 annualized dividend and a yield of 1.51%. Werner Enterprises’s dividend payout ratio (DPR) is presently 42.75%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. SummerHaven Investment Management LLC raised its holdings in Werner Enterprises by 1.6% in the 4th quarter. SummerHaven Investment Management LLC now owns 16,574 shares of the transportation company’s stock valued at $702,000 after acquiring an additional 259 shares during the last quarter. Alliance Wealth Advisors LLC UT increased its holdings in shares of Werner Enterprises by 3.2% during the 4th quarter. Alliance Wealth Advisors LLC UT now owns 9,937 shares of the transportation company’s stock worth $421,000 after buying an additional 308 shares during the last quarter. QRG Capital Management Inc. increased its holdings in shares of Werner Enterprises by 5.2% during the 4th quarter. QRG Capital Management Inc. now owns 6,576 shares of the transportation company’s stock worth $279,000 after buying an additional 328 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of Werner Enterprises by 139.9% during the 4th quarter. Blue Trust Inc. now owns 703 shares of the transportation company’s stock worth $30,000 after buying an additional 410 shares during the last quarter. Finally, Louisiana State Employees Retirement System increased its holdings in shares of Werner Enterprises by 2.8% during the 1st quarter. Louisiana State Employees Retirement System now owns 18,300 shares of the transportation company’s stock worth $716,000 after buying an additional 500 shares during the last quarter. 89.32% of the stock is currently owned by institutional investors and hedge funds.

Werner Enterprises Company Profile

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.