Werner Enterprises (NASDAQ:WERN) Price Target Cut to $32.00 by Analysts at Barclays

Werner Enterprises (NASDAQ:WERN) had its price target trimmed by Barclays from $38.00 to $32.00 in a report issued on Wednesday morning,Benzinga reports. The brokerage currently has an equal weight rating on the transportation company’s stock.

Several other research analysts also recently weighed in on the company. Deutsche Bank Aktiengesellschaft assumed coverage on Werner Enterprises in a report on Friday, March 7th. They issued a “hold” rating and a $33.00 price target for the company. Wells Fargo & Company dropped their target price on Werner Enterprises from $34.00 to $27.00 and set an “underweight” rating for the company in a research note on Thursday, March 27th. Susquehanna decreased their price target on Werner Enterprises from $39.00 to $32.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 26th. Stifel Nicolaus upped their price objective on shares of Werner Enterprises from $30.00 to $35.00 and gave the company a “hold” rating in a research note on Thursday, January 23rd. Finally, StockNews.com upgraded shares of Werner Enterprises from a “sell” rating to a “hold” rating in a report on Wednesday, March 19th. Five equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $35.73.

Werner Enterprises Trading Up 2.5 %

Shares of Werner Enterprises stock opened at $30.08 on Wednesday. The business has a 50 day moving average price of $32.78 and a 200 day moving average price of $36.07. The company has a market capitalization of $1.86 billion, a P/E ratio of 54.69 and a beta of 0.85. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.52 and a quick ratio of 1.48. Werner Enterprises has a 1 year low of $28.62 and a 1 year high of $42.48.

Werner Enterprises (NASDAQ:WERN) last released its earnings results on Thursday, February 6th. The transportation company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.15). Werner Enterprises had a net margin of 1.13% and a return on equity of 2.27%. Sell-side analysts anticipate that Werner Enterprises will post 1.27 EPS for the current fiscal year.

Werner Enterprises Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Monday, April 14th will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.86%. The ex-dividend date of this dividend is Monday, April 14th. Werner Enterprises’s payout ratio is 101.82%.

Institutional Investors Weigh In On Werner Enterprises

Hedge funds have recently modified their holdings of the stock. MassMutual Private Wealth & Trust FSB boosted its holdings in Werner Enterprises by 69.7% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,176 shares of the transportation company’s stock worth $34,000 after acquiring an additional 483 shares during the period. Headlands Technologies LLC purchased a new position in shares of Werner Enterprises in the fourth quarter valued at $39,000. Blue Trust Inc. grew its holdings in Werner Enterprises by 64.7% during the 4th quarter. Blue Trust Inc. now owns 1,308 shares of the transportation company’s stock valued at $50,000 after purchasing an additional 514 shares in the last quarter. Sterling Capital Management LLC increased its stake in Werner Enterprises by 796.3% during the 4th quarter. Sterling Capital Management LLC now owns 1,703 shares of the transportation company’s stock worth $61,000 after buying an additional 1,513 shares during the period. Finally, Quadrant Capital Group LLC lifted its holdings in Werner Enterprises by 35.7% in the 4th quarter. Quadrant Capital Group LLC now owns 2,431 shares of the transportation company’s stock worth $87,000 after buying an additional 639 shares in the last quarter. 89.32% of the stock is currently owned by hedge funds and other institutional investors.

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.