JPMorgan Chase & Co. Cuts Werner Enterprises (NASDAQ:WERN) Price Target to $36.00

Werner Enterprises (NASDAQ:WERN) had its target price trimmed by JPMorgan Chase & Co. from $37.00 to $36.00 in a research note published on Wednesday morning, Benzinga reports. The firm currently has a neutral rating on the transportation company’s stock.

A number of other brokerages also recently weighed in on WERN. Stephens restated an overweight rating and issued a $49.00 target price on shares of Werner Enterprises in a research note on Wednesday, February 7th. StockNews.com raised Werner Enterprises from a sell rating to a hold rating in a research report on Tuesday, February 27th. TD Cowen decreased their target price on Werner Enterprises from $42.00 to $38.00 and set a buy rating for the company in a research report on Wednesday. Susquehanna cut their price target on shares of Werner Enterprises from $40.00 to $35.00 and set a neutral rating on the stock in a report on Monday, March 25th. Finally, Robert W. Baird reduced their price target on shares of Werner Enterprises from $46.00 to $42.00 and set an outperform rating for the company in a research report on Wednesday. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of Hold and a consensus price target of $41.85.

Werner Enterprises Price Performance

WERN stock 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. The business has a 50-day simple moving average of $37.60 and a two-hundred day simple moving average of $39.08. The company has a market capitalization of $2.30 billion, a P/E ratio of 27.72, a price-to-earnings-growth ratio of 1.07 and a beta of 0.82. Werner Enterprises has a 52-week low of $33.12 and a 52-week high of $47.27.

Werner Enterprises (NASDAQ:WERN) last announced its 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). Werner Enterprises had a net margin of 2.59% and a return on equity of 6.15%. The firm had revenue of $769.08 million during the quarter, compared to analysts’ expectations of $788.30 million. During the same quarter in the prior year, the company earned $0.60 EPS. The business’s revenue for the quarter was down 7.6% on a year-over-year basis. Research analysts expect that Werner Enterprises will post 1.91 EPS for the current fiscal year.

Werner Enterprises Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 1st. Stockholders of record on Monday, April 15th were given a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.54%. The ex-dividend date of this dividend was Friday, April 12th. Werner Enterprises’s dividend payout ratio (DPR) is currently 42.75%.

Institutional Investors Weigh In On Werner Enterprises

Several institutional investors have recently made changes to their positions in WERN. Blue Trust Inc. grew its position in shares of Werner Enterprises by 139.9% in the fourth quarter. Blue Trust Inc. now owns 703 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 410 shares in the last quarter. Headlands Technologies LLC purchased a new position in Werner Enterprises during the 3rd quarter valued at about $36,000. Planned Solutions Inc. purchased a new position in Werner Enterprises during the 4th quarter valued at about $57,000. Strs Ohio increased its position in shares of Werner Enterprises by 35.3% during the third quarter. Strs Ohio now owns 2,300 shares of the transportation company’s stock valued at $89,000 after buying an additional 600 shares during the period. Finally, Covestor Ltd lifted its holdings in shares of Werner Enterprises by 46.5% in the third quarter. Covestor Ltd now owns 2,402 shares of the transportation company’s stock worth $94,000 after buying an additional 762 shares in the last quarter. Hedge funds and other institutional investors own 89.32% of the company’s stock.

Werner Enterprises Company Profile

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.