Werner Enterprises, Inc. (NASDAQ:WERN) Receives $36.57 Average PT from Analysts

Shares of Werner Enterprises, Inc. (NASDAQ:WERN) have been given an average rating of “Reduce” by the fourteen ratings firms that are presently covering the stock, Marketbeat reports. Six analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $36.57.

A number of analysts recently weighed in on the stock. Susquehanna decreased their price target on shares of Werner Enterprises from $30.00 to $28.00 and set a “negative” rating for the company in a research note on Friday, November 1st. Evercore ISI lowered their price target on Werner Enterprises from $35.00 to $32.00 and set an “in-line” rating on the stock in a report on Wednesday, October 30th. The Goldman Sachs Group reduced their price objective on Werner Enterprises from $37.00 to $33.00 and set a “sell” rating for the company in a research note on Wednesday, October 9th. Stephens lowered their target price on Werner Enterprises from $40.00 to $36.00 and set an “equal weight” rating on the stock in a research note on Monday, August 5th. Finally, Wells Fargo & Company cut their price target on Werner Enterprises from $38.00 to $35.00 and set an “underweight” rating for the company in a research note on Wednesday, October 30th.

Werner Enterprises Stock Up 1.5 %

WERN opened at $40.85 on Wednesday. The stock has a market capitalization of $2.52 billion, a P/E ratio of 55.96, a price-to-earnings-growth ratio of 34.07 and a beta of 0.80. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.49 and a current ratio of 1.53. Werner Enterprises has a one year low of $33.12 and a one year high of $43.26. The business’s 50-day simple moving average is $38.10 and its 200-day simple moving average is $37.25.

Werner Enterprises (NASDAQ:WERN) last issued its quarterly earnings data on Tuesday, October 29th. The transportation company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.06). The firm had revenue of $745.70 million during the quarter, compared to analysts’ expectations of $765.24 million. Werner Enterprises had a net margin of 1.48% and a return on equity of 3.58%. Werner Enterprises’s quarterly revenue was down 8.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.42 EPS. Analysts anticipate that Werner Enterprises will post 0.69 EPS for the current year.

Werner Enterprises Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd will be issued a $0.14 dividend. The ex-dividend date is Thursday, January 2nd. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.37%. Werner Enterprises’s dividend payout ratio is presently 76.71%.

Institutional Trading of Werner Enterprises

A number of institutional investors have recently added to or reduced their stakes in WERN. Empower Advisory Group LLC lifted its position in shares of Werner Enterprises by 4.8% during the 3rd quarter. Empower Advisory Group LLC now owns 362,786 shares of the transportation company’s stock valued at $14,000,000 after acquiring an additional 16,637 shares during the period. AQR Capital Management LLC raised its holdings in Werner Enterprises by 65.5% during the second quarter. AQR Capital Management LLC now owns 879,371 shares of the transportation company’s stock worth $31,455,000 after purchasing an additional 348,154 shares during the last quarter. Raymond James & Associates boosted its position in Werner Enterprises by 14.8% during the second quarter. Raymond James & Associates now owns 252,504 shares of the transportation company’s stock worth $9,047,000 after purchasing an additional 32,503 shares in the last quarter. Jane Street Group LLC grew its holdings in Werner Enterprises by 90.8% in the first quarter. Jane Street Group LLC now owns 176,164 shares of the transportation company’s stock valued at $6,892,000 after purchasing an additional 83,819 shares during the last quarter. Finally, American Century Companies Inc. increased its position in shares of Werner Enterprises by 15.5% in the second quarter. American Century Companies Inc. now owns 1,506,663 shares of the transportation company’s stock valued at $53,984,000 after buying an additional 201,843 shares in the last quarter. Hedge funds and other institutional investors 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.