Werner Enterprises (NASDAQ:WERN) Price Target Cut to $36.00

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

A number of other analysts have also weighed in on the company. Robert W. Baird dropped their price objective on Werner Enterprises from $46.00 to $42.00 and set an outperform rating for the company in a research note on Wednesday, May 1st. TD Cowen raised their price target on Werner Enterprises from $38.00 to $43.00 and gave the stock a buy rating in a research note on Wednesday, July 31st. Stifel Nicolaus dropped their price target on Werner Enterprises from $39.00 to $33.00 and set a hold rating for the company in a research note on Thursday, August 1st. Bank of America dropped their price target on Werner Enterprises from $35.00 to $34.00 and set an underperform rating for the company in a research note on Monday, April 15th. Finally, Morgan Stanley dropped their price target on Werner Enterprises from $57.00 to $56.00 and set an overweight rating for the company in a research note on Monday, July 8th. Five investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of Hold and an average target price of $38.62.

Werner Enterprises Trading Up 1.5 %

Shares of NASDAQ:WERN traded up $0.56 during trading on Monday, reaching $37.25. 931,474 shares of the company traded hands, compared to its average volume of 785,327. The firm has a market capitalization of $2.36 billion, a price-to-earnings ratio of 28.01, a P/E/G ratio of 6.43 and a beta of 0.80. Werner Enterprises has a 52-week low of $33.12 and a 52-week high of $46.65. The company has a current ratio of 1.69, a quick ratio of 1.85 and a debt-to-equity ratio of 0.45. The business’s fifty day moving average is $36.60 and its 200-day moving average is $37.73.

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

Werner Enterprises Announces Dividend

The company also recently disclosed 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 of this dividend was Monday, July 1st. This represents a $0.56 dividend on an annualized basis and a yield of 1.50%. Werner Enterprises’s dividend payout ratio (DPR) is 42.75%.

Hedge Funds Weigh In On Werner Enterprises

Institutional investors and hedge funds have recently modified their holdings of the stock. Massmutual Trust Co. FSB ADV increased its holdings in shares of Werner Enterprises by 390.1% during the second quarter. Massmutual Trust Co. FSB ADV now owns 740 shares of the transportation company’s stock valued at $27,000 after acquiring an additional 589 shares in the last quarter. 1620 Investment Advisors Inc. bought a new position in shares of Werner Enterprises during the second quarter valued at $29,000. Blue Trust Inc. increased its holdings in shares of Werner Enterprises by 139.9% during the fourth quarter. Blue Trust Inc. now owns 703 shares of the transportation company’s stock valued at $30,000 after acquiring an additional 410 shares in the last quarter. EntryPoint Capital LLC purchased a new position in Werner Enterprises in the first quarter worth about $43,000. Finally, Innealta Capital LLC purchased a new position in Werner Enterprises in the second quarter worth about $47,000. 89.32% of the stock is currently 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.