Werner Enterprises (NASDAQ:WERN) Price Target Cut to $39.00 by Analysts at Stifel Nicolaus

Werner Enterprises (NASDAQ:WERN) had its price objective decreased by Stifel Nicolaus from $42.00 to $39.00 in a report published on Thursday morning, Benzinga reports. Stifel Nicolaus currently has a hold rating on the transportation company’s stock.

WERN has been the subject of a number of other research reports. Susquehanna decreased their target price on Werner Enterprises from $40.00 to $35.00 and set a neutral rating for the company in a report on Monday, March 25th. Morgan Stanley decreased their target price on Werner Enterprises from $60.00 to $59.00 and set an overweight rating for the company in a report on Wednesday, February 7th. Stephens reissued an overweight rating and issued a $49.00 price target on shares of Werner Enterprises in a report on Wednesday, February 7th. Bank of America decreased their price target on Werner Enterprises from $35.00 to $34.00 and set an underperform rating for the company in a report on Monday. Finally, TD Cowen boosted their price target on Werner Enterprises from $40.00 to $43.00 and gave the company an outperform rating in a report on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of Hold and a consensus price target of $44.00.

Werner Enterprises Price Performance

Shares of NASDAQ WERN opened at $35.26 on Thursday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.87 and a current ratio of 1.92. The company has a market cap of $2.24 billion, a PE ratio of 20.03, a P/E/G ratio of 1.04 and a beta of 0.78. The business has a 50-day simple moving average of $38.72 and a two-hundred day simple moving average of $39.33. Werner Enterprises has a fifty-two week low of $34.67 and a fifty-two week high of $47.27.

Werner Enterprises (NASDAQ:WERN) last released its earnings results on Monday, February 5th. The transportation company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.05). Werner Enterprises had a return on equity of 8.17% and a net margin of 3.42%. The firm had revenue of $821.90 million for the quarter, compared to analyst estimates of $820.90 million. During the same period last year, the firm earned $0.99 EPS. The company’s revenue for the quarter was down 4.6% compared to the same quarter last year. As a group, equities analysts expect that Werner Enterprises will post 1.99 EPS for the current fiscal year.

Werner Enterprises Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Monday, April 15th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.59%. The ex-dividend date of this dividend is Friday, April 12th. Werner Enterprises’s payout ratio is 31.82%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in shares of Werner Enterprises by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 5,854,948 shares of the transportation company’s stock worth $228,050,000 after buying an additional 48,380 shares during the period. Raymond James & Associates raised its stake in Werner Enterprises by 35.3% in the 4th quarter. Raymond James & Associates now owns 169,187 shares of the transportation company’s stock valued at $7,168,000 after purchasing an additional 44,159 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Werner Enterprises by 7.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 576,100 shares of the transportation company’s stock valued at $22,439,000 after purchasing an additional 39,825 shares during the last quarter. AQR Capital Management LLC raised its stake in Werner Enterprises by 27.8% in the 3rd quarter. AQR Capital Management LLC now owns 705,304 shares of the transportation company’s stock valued at $27,472,000 after purchasing an additional 153,271 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. acquired a new position in Werner Enterprises in the 3rd quarter valued at $6,643,000. 89.32% of the stock is owned by institutional investors and hedge funds.

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.