Werner Enterprises (NASDAQ:WERN) Price Target Cut to $38.00

Werner Enterprises (NASDAQ:WERN) had its price target decreased by TD Cowen from $42.00 to $38.00 in a report issued on Wednesday, Marketbeat.com reports. TD Cowen currently has a buy rating on the transportation company’s stock.

A number of other brokerages have also recently weighed in on WERN. Stifel Nicolaus reduced their price target on shares of Werner Enterprises from $42.00 to $39.00 and set a hold rating for the company in a research report on Thursday, April 18th. Robert W. Baird reduced their target price on Werner Enterprises from $46.00 to $42.00 and set an outperform rating for the company in a report on Wednesday. Morgan Stanley dropped their price target on Werner Enterprises from $60.00 to $59.00 and set an overweight rating on the stock in a research note on Wednesday, February 7th. Bank of America reduced their price objective on Werner Enterprises from $35.00 to $34.00 and set an underperform rating for the company in a research note on Monday, April 15th. Finally, StockNews.com upgraded shares of Werner Enterprises from a sell rating to a hold rating in a research report on Tuesday, February 27th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of Hold and a consensus price target of $41.85.

Werner Enterprises Trading Up 1.6 %

NASDAQ:WERN opened at $36.31 on Wednesday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.87 and a current ratio of 1.90. Werner Enterprises has a 1 year low of $33.12 and a 1 year high of $47.27. The stock has a market cap of $2.30 billion, a P/E ratio of 27.72, a P/E/G ratio of 1.07 and a beta of 0.82. The stock has a 50-day simple moving average of $37.60 and a 200-day simple moving average of $39.08.

Werner Enterprises (NASDAQ:WERN) last announced its quarterly earnings results on Tuesday, April 30th. The transportation company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.14). The company had revenue of $769.08 million during the quarter, compared to analysts’ expectations of $788.30 million. Werner Enterprises had a net margin of 2.59% and a return on equity of 6.15%. The business’s revenue for the quarter was down 7.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.60 earnings per share. As a group, analysts anticipate that Werner Enterprises will post 1.91 earnings per share for the current fiscal year.

Werner Enterprises Announces Dividend

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

Institutional Investors Weigh In On Werner Enterprises

A number of institutional investors have recently added to or reduced their stakes in WERN. FORA Capital LLC acquired a new position in shares of Werner Enterprises during the first quarter worth $468,000. BNP Paribas Financial Markets increased its stake in shares of Werner Enterprises by 59.3% in the first quarter. BNP Paribas Financial Markets now owns 33,188 shares of the transportation company’s stock valued at $1,298,000 after purchasing an additional 12,355 shares during the period. Diversify Advisory Services LLC bought a new stake in Werner Enterprises during the 1st quarter valued at $267,000. Norden Group LLC lifted its holdings in Werner Enterprises by 43.0% in the first quarter. Norden Group LLC now owns 11,367 shares of the transportation company’s stock worth $445,000 after purchasing an additional 3,416 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of Werner Enterprises by 3.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,421,798 shares of the transportation company’s stock valued at $55,621,000 after acquiring an additional 48,340 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.