Werner Enterprises (NASDAQ:WERN) Price Target Cut to $35.00

Werner Enterprises (NASDAQ:WERN) had its target price reduced by Evercore ISI from $39.00 to $35.00 in a report published on Wednesday morning, Benzinga reports. They currently have an in-line rating on the transportation company’s stock.

A number of other research analysts have also weighed in on the stock. Robert W. Baird dropped their price objective on shares of Werner Enterprises from $46.00 to $42.00 and set an outperform rating on the stock in a research note on Wednesday. Stifel Nicolaus cut their price target on Werner Enterprises from $42.00 to $39.00 and set a hold rating for the company in a research note on Thursday, April 18th. Stephens reissued an overweight rating and issued a $49.00 price objective on shares of Werner Enterprises in a research note on Wednesday, February 7th. Morgan Stanley dropped their target price on Werner Enterprises from $60.00 to $59.00 and set an overweight rating on the stock in a report on Wednesday, February 7th. Finally, StockNews.com upgraded Werner Enterprises from a sell rating to a hold rating in a report on Tuesday, February 27th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of Hold and a consensus target price 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 current ratio of 1.90 and a quick ratio of 1.87. The company’s 50-day moving average is $37.60 and its 200-day moving average is $39.08. The stock has a market capitalization of $2.30 billion, a PE ratio of 27.72, a price-to-earnings-growth ratio of 1.07 and a beta of 0.82. Werner Enterprises has a 1 year low of $33.12 and a 1 year high of $47.27.

Werner Enterprises (NASDAQ:WERN) last announced its quarterly earnings results on Tuesday, April 30th. The transportation company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.14). The firm had revenue of $769.08 million during the quarter, compared to the consensus estimate of $788.30 million. Werner Enterprises had a return on equity of 6.15% and a net margin of 2.59%. The firm’s revenue was down 7.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.60 EPS. Equities research analysts expect that Werner Enterprises will post 1.91 EPS for the current fiscal year.

Werner Enterprises Announces Dividend

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

Hedge Funds Weigh In On Werner Enterprises

Several institutional investors have recently added to or reduced their stakes in WERN. Blue Trust Inc. raised its position in 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 acquiring an additional 410 shares during the period. Headlands Technologies LLC purchased a new stake in shares of Werner Enterprises during the 3rd quarter worth approximately $36,000. Planned Solutions Inc. purchased a new stake in shares of Werner Enterprises during the 4th quarter worth approximately $57,000. Strs Ohio raised its holdings in shares of Werner Enterprises by 35.3% in the 3rd quarter. Strs Ohio now owns 2,300 shares of the transportation company’s stock worth $89,000 after purchasing an additional 600 shares during the period. Finally, Covestor Ltd lifted its stake in Werner Enterprises by 46.5% in the third quarter. Covestor Ltd now owns 2,402 shares of the transportation company’s stock valued at $94,000 after purchasing an additional 762 shares during the last quarter. 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.