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

Werner Enterprises (NASDAQ:WERN) had its price objective cut by Barclays from $40.00 to $36.00 in a report released on Thursday morning, Benzinga reports. They currently have an equal weight rating on the transportation company’s stock.

Other analysts have also issued reports about the stock. Robert W. Baird lowered their target price on shares of Werner Enterprises from $46.00 to $42.00 and set an outperform rating for the company in a research note on Wednesday, May 1st. Morgan Stanley reduced their price target on Werner Enterprises from $60.00 to $59.00 and set an overweight rating for the company in a research report on Wednesday, February 7th. TD Cowen cut their target price 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. Bank of America reduced their target price on shares of Werner Enterprises from $35.00 to $34.00 and set an underperform rating for the company in a report on Monday, April 15th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Werner Enterprises from $37.00 to $36.00 and set a neutral rating for the company in a research note on Wednesday, May 1st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of Hold and an average target price of $40.83.

Werner Enterprises Stock Performance

Shares of NASDAQ:WERN opened at $36.31 on Thursday. The company has a current ratio of 1.90, a quick ratio of 1.87 and a debt-to-equity ratio of 0.39. Werner Enterprises has a 12 month low of $33.12 and a 12 month high of $47.27. The company has a market capitalization of $2.30 billion, a price-to-earnings ratio of 27.72, a PEG ratio of 2.29 and a beta of 0.82. The firm’s 50-day moving average is $37.51 and its 200 day moving average is $39.05.

Werner Enterprises (NASDAQ:WERN) last announced its earnings results on Tuesday, April 30th. The transportation company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.14). Werner Enterprises had a net margin of 2.59% and a return on equity of 6.15%. The business had revenue of $769.08 million for the quarter, compared to analysts’ expectations of $788.30 million. During the same quarter last year, the firm earned $0.60 EPS. The firm’s quarterly revenue was down 7.6% on a year-over-year basis. Research analysts predict that Werner Enterprises will post 1.52 EPS for the current year.

Werner Enterprises Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 1st. Shareholders of record on Monday, April 15th were issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 1.54%. The ex-dividend date was Friday, April 12th. Werner Enterprises’s payout ratio is currently 42.75%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in WERN. Blue Trust Inc. raised its position in Werner Enterprises by 139.9% during the fourth quarter. Blue Trust Inc. now owns 703 shares of the transportation company’s stock worth $30,000 after acquiring an additional 410 shares during the period. Headlands Technologies LLC purchased a new stake in Werner Enterprises in the third quarter valued at approximately $36,000. Planned Solutions Inc. acquired a new position in Werner Enterprises during the fourth quarter worth $57,000. Strs Ohio boosted its position in shares of Werner Enterprises by 35.3% during the third quarter. Strs Ohio now owns 2,300 shares of the transportation company’s stock worth $89,000 after buying an additional 600 shares during the period. Finally, Covestor Ltd grew its stake in shares of Werner Enterprises by 46.5% in the third quarter. Covestor Ltd now owns 2,402 shares of the transportation company’s stock valued at $94,000 after buying an additional 762 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.