Baird R W upgraded shares of Werner Enterprises (NASDAQ:WERN – Free Report) to a strong sell rating in a research note published on Tuesday morning,Zacks.com reports.
A number of other brokerages have also issued reports on WERN. Wall Street Zen lowered Werner Enterprises from a “hold” rating to a “sell” rating in a research report on Thursday, May 8th. Wells Fargo & Company reduced their price objective on shares of Werner Enterprises from $27.00 to $24.00 and set an “underweight” rating for the company in a report on Wednesday, April 30th. Robert W. Baird started coverage on shares of Werner Enterprises in a report on Tuesday. They issued an “underperform” rating and a $25.00 price objective for the company. Citigroup raised shares of Werner Enterprises from a “sell” rating to a “neutral” rating and reduced their price target for the stock from $32.00 to $29.00 in a research note on Tuesday, April 8th. Finally, Barclays reduced their price target on shares of Werner Enterprises from $32.00 to $28.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 30th. Seven investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $30.27.
Read Our Latest Stock Analysis on Werner Enterprises
Werner Enterprises Stock Performance
Werner Enterprises (NASDAQ:WERN – Get Free Report) last posted its earnings results on Tuesday, April 29th. The transportation company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.24). The firm had revenue of $712.11 million for the quarter, compared to analyst estimates of $738.41 million. Werner Enterprises had a net margin of 0.60% and a return on equity of 1.20%. The company’s revenue for the quarter was down 7.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.14 earnings per share. As a group, equities analysts anticipate that Werner Enterprises will post 1.27 earnings per share for the current year.
Werner Enterprises Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 23rd. Shareholders of record on Monday, July 7th will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date of this dividend is Monday, July 7th. Werner Enterprises’s dividend payout ratio is presently 193.10%.
Institutional Investors Weigh In On Werner Enterprises
Several hedge funds have recently made changes to their positions in the company. Keybank National Association OH lifted its position in shares of Werner Enterprises by 1.5% in the 4th quarter. Keybank National Association OH now owns 20,216 shares of the transportation company’s stock valued at $726,000 after acquiring an additional 305 shares in the last quarter. SummerHaven Investment Management LLC lifted its holdings in shares of Werner Enterprises by 1.8% in the first quarter. SummerHaven Investment Management LLC now owns 22,516 shares of the transportation company’s stock valued at $660,000 after purchasing an additional 398 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Werner Enterprises by 0.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 126,854 shares of the transportation company’s stock worth $3,717,000 after acquiring an additional 401 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in Werner Enterprises by 15.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,937 shares of the transportation company’s stock worth $86,000 after acquiring an additional 402 shares in the last quarter. Finally, Alliance Wealth Advisors LLC UT lifted its stake in Werner Enterprises by 3.0% in the 1st quarter. Alliance Wealth Advisors LLC UT now owns 14,528 shares of the transportation company’s stock worth $426,000 after acquiring an additional 421 shares in the last quarter. Hedge funds and other institutional investors own 89.32% of the company’s stock.
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.
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