Werner Enterprises (NASDAQ:WERN) Price Target Cut to $34.00 by Analysts at Wells Fargo & Company

Werner Enterprises (NASDAQ:WERN) had its target price reduced by Wells Fargo & Company from $36.00 to $34.00 in a research report released on Friday morning,Benzinga reports. Wells Fargo & Company currently has an underweight rating on the transportation company’s stock.

Other analysts also recently issued reports about the company. Morgan Stanley reduced their target price on Werner Enterprises from $55.00 to $52.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th. JPMorgan Chase & Co. reduced their price objective on Werner Enterprises from $37.00 to $34.00 and set an “underweight” rating for the company in a research note on Wednesday, October 30th. Susquehanna raised Werner Enterprises from a “negative” rating to a “neutral” rating and set a $38.00 target price on the stock in a research report on Friday, January 3rd. Evercore ISI reduced their price target on shares of Werner Enterprises from $35.00 to $32.00 and set an “in-line” rating for the company in a research report on Wednesday, October 30th. Finally, Stifel Nicolaus upped their price objective on shares of Werner Enterprises from $30.00 to $35.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. Six analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $37.29.

Werner Enterprises Trading Down 0.6 %

Shares of WERN stock opened at $34.44 on Friday. The company has a market cap of $2.13 billion, a P/E ratio of 62.62, a PEG ratio of 15.58 and a beta of 0.84. Werner Enterprises has a fifty-two week low of $33.12 and a fifty-two week high of $42.48. The stock has a 50 day simple moving average of $36.95 and a two-hundred day simple moving average of $37.53. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.49 and a current ratio of 1.53.

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 2.26%. Research analysts forecast that Werner Enterprises will post 1.31 earnings per share for the current year.

Werner Enterprises Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd were issued a $0.14 dividend. The ex-dividend date was Thursday, January 2nd. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.63%. Werner Enterprises’s dividend payout ratio (DPR) is presently 101.82%.

Hedge Funds Weigh In On Werner Enterprises

Several institutional investors and hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC lifted its position in shares of Werner Enterprises by 145.7% during the 3rd quarter. GAMMA Investing LLC now owns 801 shares of the transportation company’s stock valued at $31,000 after buying an additional 475 shares during the last quarter. Blue Trust Inc. lifted its holdings in Werner Enterprises by 64.7% during the fourth 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 during the last quarter. International Assets Investment Management LLC boosted its position in Werner Enterprises by 2,390.3% during the third quarter. International Assets Investment Management LLC now owns 1,544 shares of the transportation company’s stock worth $60,000 after purchasing an additional 1,482 shares during the period. KBC Group NV increased its stake in shares of Werner Enterprises by 43.1% in the third quarter. KBC Group NV now owns 2,071 shares of the transportation company’s stock worth $80,000 after purchasing an additional 624 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Werner Enterprises in the third quarter valued at approximately $96,000. 89.32% of the stock is 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.