Werner Enterprises (NASDAQ:WERN) Stock Gets Price Target Trim from Barclays

Werner Enterprises (NASDAQ:WERN) had its target price trimmed by Barclays from $40.00 to $38.00 in a research note issued to investors on Tuesday morning,Benzinga reports. The firm currently has an equal weight rating on the transportation company’s stock.

A number of other research analysts have also recently weighed in on the stock. Evercore upgraded shares of Werner Enterprises from an “underperform” rating to an “in-line” rating in a research report on Wednesday, July 1st. Citigroup lowered their target price on shares of Werner Enterprises from $43.00 to $37.00 and set a “neutral” rating for the company in a report on Wednesday, October 7th. The Goldman Sachs Group lifted their price target on shares of Werner Enterprises from $43.00 to $48.00 and gave the stock a “buy” rating in a research note on Tuesday, June 23rd. Morgan Stanley upped their price target on shares of Werner Enterprises from $47.00 to $55.00 and gave the company an “overweight” rating in a report on Monday, July 6th. Finally, Robert W. Baird reiterated a “neutral” rating and set a $32.00 price target (down from $43.00) on shares of Werner Enterprises in a report on Tuesday. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $38.85.

Werner Enterprises Trading Down 2.3%

Shares of NASDAQ WERN opened at $29.18 on Tuesday. The business’s 50 day moving average is $35.65 and its two-hundred day moving average is $37.97. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.45 and a quick ratio of 1.42. Werner Enterprises has a 1-year low of $23.06 and a 1-year high of $47.49. The stock has a market capitalization of $1.75 billion, a P/E ratio of -38.39 and a beta of 1.29.

Werner Enterprises (NASDAQ:WERN) last issued its quarterly earnings data on Tuesday, July 28th. The transportation company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.02). The company had revenue of $813.36 million for the quarter, compared to analysts’ expectations of $931.12 million. Werner Enterprises had a negative net margin of 1.42% and a positive return on equity of 1.18%. The company’s revenue for the quarter was up 24.0% on a year-over-year basis. During the same quarter last year, the company earned $0.11 earnings per share. As a group, research analysts expect that Werner Enterprises will post 0.94 EPS for the current year.

Werner Enterprises Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 21st. Investors of record on Monday, October 5th were paid a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Monday, October 5th. Werner Enterprises’s dividend payout ratio (DPR) is currently -73.68%.

Institutional Investors Weigh In On Werner Enterprises

A number of institutional investors and hedge funds have recently added to or reduced their stakes in WERN. Inspire Investing LLC grew its stake in Werner Enterprises by 19.3% in the 3rd quarter. Inspire Investing LLC now owns 18,664 shares of the transportation company’s stock worth $634,000 after acquiring an additional 3,014 shares in the last quarter. Pinnacle Associates Ltd. increased its position in shares of Werner Enterprises by 69.2% during the third quarter. Pinnacle Associates Ltd. now owns 335,406 shares of the transportation company’s stock worth $11,397,000 after acquiring an additional 137,144 shares during the period. Net Worth Advisory Group increased its position in shares of Werner Enterprises by 5.4% during the third quarter. Net Worth Advisory Group now owns 9,098 shares of the transportation company’s stock worth $312,000 after acquiring an additional 468 shares during the period. Farther Finance Advisors LLC increased its position in shares of Werner Enterprises by 185.4% during the third quarter. Farther Finance Advisors LLC now owns 1,216 shares of the transportation company’s stock worth $41,000 after acquiring an additional 790 shares during the period. Finally, Cim Investment Management Inc. bought a new stake in shares of Werner Enterprises during the second quarter valued at approximately $232,000. Institutional investors own 89.32% of the company’s stock.

Werner Enterprises Company Profile

Werner Enterprises, Inc is a transportation and logistics company headquartered in Omaha, Nebraska. Founded in 1956 by Clarence L. Werner, the company provides freight transportation and supply chain services to customers across North America.

The company’s operations include truckload transportation, dedicated transportation, and regional truckload services. Werner also provides logistics services, including freight brokerage, intermodal transportation, cross-border transportation, and supply chain management solutions.