Werner Enterprises (NASDAQ:WERN) Given “Negative” Rating at Susquehanna

Susquehanna restated their negative rating on shares of Werner Enterprises (NASDAQ:WERN) in a report released on Monday morning, MarketBeat reports. Susquehanna currently has a $27.00 target price on the transportation company’s stock, down from their prior target price of $32.00.

Several other brokerages have also commented on WERN. Bank of America dropped their price objective 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 initiated coverage on Werner Enterprises in a research note on Friday, June 7th. They issued an underweight rating and a $38.00 price target on the stock. TD Cowen lowered their price target on Werner Enterprises from $42.00 to $38.00 and set a buy rating on the stock in a research note on Wednesday, May 1st. Barclays reduced their target price on Werner Enterprises from $40.00 to $36.00 and set an equal weight rating on the stock in a research report on Thursday, May 2nd. Finally, StockNews.com upgraded Werner Enterprises from a sell rating to a hold rating in a research report on Thursday, June 20th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of Hold and a consensus price target of $39.25.

Werner Enterprises Trading Up 1.3 %

Shares of NASDAQ:WERN opened at $35.54 on Monday. The stock has a market cap of $2.25 billion, a price-to-earnings ratio of 27.13, a PEG ratio of 2.89 and a beta of 0.83. Werner Enterprises has a 52-week low of $33.12 and a 52-week high of $47.27. The business has a 50-day moving average price of $36.36 and a 200-day moving average price of $38.65. 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 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 company had revenue of $769.08 million for the quarter, compared to analyst estimates of $788.30 million. Werner Enterprises had a return on equity of 6.15% and a net margin of 2.59%. The firm’s revenue was down 7.6% on a year-over-year basis. During the same period last year, the business earned $0.60 earnings per share. Equities analysts predict that Werner Enterprises will post 1.35 EPS for the current year.

Werner Enterprises Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 17th. Investors of record on Monday, July 1st will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Monday, July 1st. This represents a $0.56 annualized dividend and a yield of 1.58%. Werner Enterprises’s payout ratio is 42.75%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Walleye Trading LLC grew its stake in Werner Enterprises by 126.5% during the 1st quarter. Walleye Trading LLC now owns 17,597 shares of the transportation company’s stock worth $688,000 after purchasing an additional 9,827 shares in the last quarter. Tidal Investments LLC acquired a new position in shares of Werner Enterprises during the 1st quarter worth about $380,000. Jane Street Group LLC boosted its position in shares of Werner Enterprises by 90.8% during the 1st quarter. Jane Street Group LLC now owns 176,164 shares of the transportation company’s stock worth $6,892,000 after acquiring an additional 83,819 shares in the last quarter. Silvercrest Asset Management Group LLC boosted its position in shares of Werner Enterprises by 4.1% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 180,012 shares of the transportation company’s stock worth $7,042,000 after acquiring an additional 7,064 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of Werner Enterprises by 5.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 43,185 shares of the transportation company’s stock worth $1,690,000 after acquiring an additional 2,248 shares in the last quarter. 89.32% of the stock is 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.