Werner Enterprises (NASDAQ:WERN) Price Target Cut to $36.00 by Analysts at Stephens

Werner Enterprises (NASDAQ:WERN) had its price objective lowered by Stephens from $40.00 to $36.00 in a report published on Monday, Benzinga reports. The brokerage currently has an equal weight rating on the transportation company’s stock.

A number of other equities analysts also recently commented on WERN. Stifel Nicolaus dropped their price objective on Werner Enterprises from $39.00 to $33.00 and set a hold rating on the stock in a report on Thursday, August 1st. Bank of America lowered their price target on Werner Enterprises from $35.00 to $34.00 and set an underperform rating on the stock in a report on Monday, April 15th. Wells Fargo & Company began coverage on Werner Enterprises in a report on Friday, June 7th. They set an underweight rating and a $38.00 price target on the stock. UBS Group downgraded Werner Enterprises from a buy rating to a neutral rating and set a $39.00 price target on the stock. in a report on Tuesday, July 9th. Finally, Susquehanna lowered their price target on Werner Enterprises from $27.00 to $26.00 and set a negative rating on the stock in a report on Wednesday, July 31st. Five research analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Werner Enterprises presently has a consensus rating of Hold and an average target price of $38.62.

Werner Enterprises Stock Up 1.5 %

Shares of NASDAQ WERN traded up $0.56 during mid-day trading on Monday, reaching $37.25. The company had a trading volume of 931,474 shares, compared to its average volume of 785,327. The stock has a fifty day moving average of $36.60 and a two-hundred day moving average of $37.73. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.85 and a current ratio of 1.69. The company has a market capitalization of $2.36 billion, a price-to-earnings ratio of 28.01, a PEG ratio of 6.43 and a beta of 0.80. Werner Enterprises has a 12-month low of $33.12 and a 12-month high of $46.65.

Werner Enterprises (NASDAQ:WERN) last posted its quarterly earnings results on Tuesday, July 30th. The transportation company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.03). Werner Enterprises had a return on equity of 4.70% and a net margin of 1.99%. The company had revenue of $760.80 million during the quarter, compared to analysts’ expectations of $769.81 million. During the same period last year, the company earned $0.52 earnings per share. Werner Enterprises’s revenue for the quarter was down 6.2% compared to the same quarter last year. As a group, equities research analysts expect that Werner Enterprises will post 1 EPS for the current year.

Werner Enterprises Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 17th. Investors of record on Monday, July 1st were given a $0.14 dividend. The ex-dividend date was Monday, July 1st. This represents a $0.56 annualized dividend and a yield of 1.50%. Werner Enterprises’s dividend payout ratio (DPR) is currently 42.75%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Raymond James & Associates lifted its holdings in shares of Werner Enterprises by 35.3% during the fourth quarter. Raymond James & Associates now owns 169,187 shares of the transportation company’s stock valued at $7,168,000 after acquiring an additional 44,159 shares during the period. Blue Trust Inc. increased its position in Werner Enterprises by 139.9% in 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 period. International Assets Investment Management LLC increased its position in Werner Enterprises by 3,763.2% in the fourth quarter. International Assets Investment Management LLC now owns 2,627 shares of the transportation company’s stock worth $111,000 after purchasing an additional 2,559 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in Werner Enterprises by 6.4% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 29,301 shares of the transportation company’s stock worth $1,241,000 after purchasing an additional 1,762 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its position in Werner Enterprises by 8.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,373,458 shares of the transportation company’s stock worth $58,193,000 after purchasing an additional 103,818 shares during the period. 89.32% of the stock is owned by institutional investors.

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.