Werner Enterprises (NASDAQ:WERN) Price Target Cut to $29.00 by Analysts at Stifel Nicolaus

Werner Enterprises (NASDAQ:WERN) had its target price cut by Stifel Nicolaus from $35.00 to $29.00 in a research note released on Monday morning,Benzinga reports. They currently have a hold rating on the transportation company’s stock.

Other equities research analysts have also recently issued research reports about the company. Wells Fargo & Company reduced their price objective on Werner Enterprises from $34.00 to $27.00 and set an “underweight” rating for the company in a report on Thursday, March 27th. Citigroup upgraded shares of Werner Enterprises from a “sell” rating to a “neutral” rating and decreased their price target for the company from $32.00 to $29.00 in a research note on Tuesday, April 8th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Werner Enterprises in a research note on Friday, March 7th. They issued a “hold” rating and a $33.00 price objective for the company. Barclays cut their price objective on shares of Werner Enterprises from $38.00 to $32.00 and set an “equal weight” rating for the company in a report on Wednesday, April 2nd. Finally, Susquehanna dropped their price target on shares of Werner Enterprises from $39.00 to $32.00 and set a “neutral” rating for the company in a research report on Wednesday, March 26th. Five investment 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 stock currently has an average rating of “Hold” and a consensus target price of $34.67.

Werner Enterprises Stock Up 0.4 %

WERN stock opened at $28.60 on Monday. Werner Enterprises has a 1-year low of $26.50 and a 1-year high of $42.48. The business’s 50 day simple moving average is $31.10 and its 200 day simple moving average is $35.41. The company has a current ratio of 1.52, a quick ratio of 1.48 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $1.77 billion, a PE ratio of 52.00 and a beta of 1.06.

Werner Enterprises (NASDAQ:WERN) last released its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.15). Werner Enterprises had a net margin of 1.13% and a return on equity of 2.27%. As a group, research analysts anticipate that Werner Enterprises will post 1.27 EPS for the current year.

Werner Enterprises Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Monday, April 14th will be given a dividend of $0.14 per share. The ex-dividend date is Monday, April 14th. This represents a $0.56 dividend on an annualized basis and a yield of 1.96%. Werner Enterprises’s dividend payout ratio is currently 101.82%.

Hedge Funds Weigh In On Werner Enterprises

Several large investors have recently bought and sold shares of WERN. MassMutual Private Wealth & Trust FSB increased its stake in shares of Werner Enterprises by 69.7% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,176 shares of the transportation company’s stock valued at $34,000 after buying an additional 483 shares during the period. Headlands Technologies LLC bought a new stake in Werner Enterprises during the 4th quarter worth approximately $39,000. Blue Trust Inc. increased its position in Werner Enterprises by 64.7% in the 4th quarter. Blue Trust Inc. now owns 1,308 shares of the transportation company’s stock valued at $50,000 after acquiring an additional 514 shares during the period. Sterling Capital Management LLC raised its stake in shares of Werner Enterprises by 796.3% during the fourth quarter. Sterling Capital Management LLC now owns 1,703 shares of the transportation company’s stock valued at $61,000 after acquiring an additional 1,513 shares during the last quarter. Finally, Quadrant Capital Group LLC lifted its holdings in shares of Werner Enterprises by 35.7% during the fourth quarter. Quadrant Capital Group LLC now owns 2,431 shares of the transportation company’s stock worth $87,000 after purchasing an additional 639 shares during the period. 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.