Werner Enterprises, Inc. (NASDAQ:WERN) Receives $41.85 Average Target Price from Brokerages

Shares of Werner Enterprises, Inc. (NASDAQ:WERN) have been assigned an average recommendation of “Hold” from the eleven analysts that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $40.83.

Several research analysts have issued reports on WERN shares. Bank of America lowered their price target on shares of Werner Enterprises from $35.00 to $34.00 and set an “underperform” rating for the company in a report on Monday, April 15th. Evercore ISI dropped their target price on shares of Werner Enterprises from $39.00 to $35.00 and set an “in-line” rating on the stock in a report on Wednesday, May 1st. TD Cowen decreased 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, May 1st. Robert W. Baird lowered their price objective on Werner Enterprises from $46.00 to $42.00 and set an “outperform” rating for the company in a research report on Wednesday, May 1st. Finally, JPMorgan Chase & Co. cut their target price on Werner Enterprises from $37.00 to $36.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 1st.

Werner Enterprises Stock Performance

NASDAQ WERN opened at $36.94 on Friday. The company has a market capitalization of $2.34 billion, a price-to-earnings ratio of 28.20, a PEG ratio of 1.70 and a beta of 0.82. Werner Enterprises has a twelve month low of $33.12 and a twelve month high of $47.27. The stock has a fifty day simple moving average of $37.51 and a 200 day simple moving average of $39.06. The company has a quick ratio of 1.85, a current ratio of 1.90 and a debt-to-equity ratio of 0.39.

Werner Enterprises (NASDAQ:WERN) last issued its quarterly earnings results on Tuesday, April 30th. The transportation company reported $0.14 earnings per share 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 analyst estimates of $788.30 million. Werner Enterprises had a net margin of 2.59% and a return on equity of 6.15%. The company’s quarterly revenue was down 7.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.60 EPS. Sell-side analysts expect that Werner Enterprises will post 1.52 EPS for the current year.

Werner Enterprises Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 1st. Investors of record on Monday, April 15th were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date was Friday, April 12th. Werner Enterprises’s dividend payout ratio is currently 42.75%.

Institutional Trading of Werner Enterprises

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Blue Trust Inc. lifted its stake 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 buying an additional 410 shares in the last quarter. Headlands Technologies LLC bought a new position in Werner Enterprises in the 3rd quarter valued at about $36,000. Planned Solutions Inc. bought a new position in Werner Enterprises in the 4th quarter valued at about $57,000. Strs Ohio boosted its stake in 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 purchasing an additional 600 shares during the last quarter. Finally, Covestor Ltd increased its holdings in Werner Enterprises by 46.5% during 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. 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.