Werner Enterprises (NASDAQ:WERN) PT Lowered to $36.00 at Barclays

Werner Enterprises (NASDAQ:WERN) had its target price trimmed by Barclays from $40.00 to $36.00 in a research report sent to investors on Thursday morning, Benzinga reports. The brokerage currently has an equal weight rating on the transportation company’s stock.

WERN has been the subject of several other reports. TD Cowen reduced their price target on Werner Enterprises from $42.00 to $38.00 and set a buy rating for the company in a report on Wednesday. Stephens reaffirmed an overweight rating and issued a $49.00 target price on shares of Werner Enterprises in a report on Wednesday, February 7th. 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. Evercore ISI decreased their price objective on shares of Werner Enterprises from $39.00 to $35.00 and set an in-line rating for the company in a report on Wednesday. Finally, Robert W. Baird lowered their price objective on Werner Enterprises from $46.00 to $42.00 and set an outperform rating on the stock in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Werner Enterprises currently has an average rating of Hold and an average price target of $40.83.

Werner Enterprises Trading Up 1.6 %

NASDAQ:WERN opened at $36.31 on Thursday. Werner Enterprises has a one year low of $33.12 and a one year high of $47.27. The company’s 50-day simple moving average is $37.51 and its 200 day simple moving average is $39.05. The firm has a market capitalization of $2.30 billion, a P/E ratio of 27.72, a PEG ratio of 2.29 and a beta of 0.82. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.90 and a quick ratio of 1.87.

Werner Enterprises (NASDAQ:WERN) last issued its quarterly earnings results on Tuesday, April 30th. The transportation company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.14). Werner Enterprises had a return on equity of 6.15% and a net margin of 2.59%. The company had revenue of $769.08 million during the quarter, compared to the consensus estimate of $788.30 million. During the same period in the prior year, the firm earned $0.60 earnings per share. The business’s revenue for the quarter was down 7.6% compared to the same quarter last year. As a group, analysts forecast that Werner Enterprises will post 1.52 EPS for the current fiscal year.

Werner Enterprises Announces Dividend

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Blue Trust Inc. boosted its holdings 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 worth $30,000 after buying an additional 410 shares during the last quarter. Headlands Technologies LLC purchased a new position in shares of Werner Enterprises during the 3rd quarter worth $36,000. Planned Solutions Inc. bought a new stake in shares of Werner Enterprises during the 4th quarter valued at $57,000. Strs Ohio grew its position in shares of Werner Enterprises by 35.3% during the 3rd quarter. Strs Ohio now owns 2,300 shares of the transportation company’s stock valued at $89,000 after acquiring an additional 600 shares during the period. Finally, Covestor Ltd increased its stake in shares of Werner Enterprises by 46.5% in the 3rd quarter. Covestor Ltd now owns 2,402 shares of the transportation company’s stock worth $94,000 after purchasing an additional 762 shares in the last quarter. 89.32% of the stock is owned by hedge funds and other institutional investors.

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.