Werner Enterprises (NASDAQ:WERN) Price Target Cut to $28.00 by Analysts at The Goldman Sachs Group

Werner Enterprises (NASDAQ:WERN) had its price objective reduced by The Goldman Sachs Group from $36.00 to $28.00 in a research report report published on Thursday,Benzinga reports. The Goldman Sachs Group currently has a sell rating on the transportation company’s stock.

WERN has been the topic of a number of other research reports. Stifel Nicolaus upped their target price on shares of Werner Enterprises from $30.00 to $35.00 and gave the company a “hold” rating in a research note on Thursday, January 23rd. StockNews.com lowered Werner Enterprises from a “hold” rating to a “sell” rating in a research note on Thursday, April 3rd. Citigroup upgraded Werner Enterprises from a “sell” rating to a “neutral” rating and cut their target price for the stock from $32.00 to $29.00 in a research report on Tuesday, April 8th. Barclays lowered their price target on Werner Enterprises from $38.00 to $32.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 2nd. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Werner Enterprises in a report on Friday, March 7th. They set a “hold” rating and a $33.00 price objective for the company. Five research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $35.07.

Werner Enterprises Price Performance

Shares of WERN stock opened at $28.48 on Thursday. Werner Enterprises has a 12 month low of $26.50 and a 12 month high of $42.48. The company has a market capitalization of $1.76 billion, a P/E ratio of 51.78 and a beta of 1.06. The stock has a 50 day moving average of $31.22 and a two-hundred day moving average of $35.49. The company has a current ratio of 1.52, a quick ratio of 1.48 and a debt-to-equity ratio of 0.43.

Werner Enterprises (NASDAQ:WERN) last issued its earnings results on Thursday, February 6th. The transportation company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.15). Werner Enterprises had a return on equity of 2.27% and a net margin of 1.13%. As a group, equities analysts expect that Werner Enterprises will post 1.27 EPS for the current year.

Werner Enterprises Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Monday, April 14th will be issued a dividend of $0.14 per share. The ex-dividend date is Monday, April 14th. This represents a $0.56 annualized dividend and a yield of 1.97%. Werner Enterprises’s dividend payout ratio is currently 101.82%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of WERN. Headlands Technologies LLC bought a new stake in shares of Werner Enterprises during the fourth quarter worth approximately $39,000. MassMutual Private Wealth & Trust FSB raised its position in shares of Werner Enterprises by 69.7% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,176 shares of the transportation company’s stock valued at $34,000 after acquiring an additional 483 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of Werner Enterprises by 64.7% in the 4th quarter. Blue Trust Inc. now owns 1,308 shares of the transportation company’s stock valued at $50,000 after purchasing an additional 514 shares during the period. Sterling Capital Management LLC boosted its holdings in Werner Enterprises by 796.3% during the fourth quarter. Sterling Capital Management LLC now owns 1,703 shares of the transportation company’s stock worth $61,000 after buying an additional 1,513 shares during the last quarter. Finally, Quadrant Capital Group LLC grew its position in shares of Werner Enterprises by 35.7% during the 4th quarter. Quadrant Capital Group LLC now owns 2,431 shares of the transportation company’s stock worth $87,000 after buying an additional 639 shares during the period. Institutional investors own 89.32% of the company’s stock.

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.