Werner Enterprises (NASDAQ:WERN) Stock Rating Reaffirmed by JPMorgan Chase & Co.

JPMorgan Chase & Co. reiterated their underweight rating on shares of Werner Enterprises (NASDAQ:WERN) in a report released on Tuesday morning, MarketBeat reports. The brokerage currently has a $32.00 price objective on the transportation company’s stock, down from their prior price objective of $36.00.

Several other equities research analysts have also recently commented on the company. 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. TD Cowen cut their price objective on Werner Enterprises from $42.00 to $38.00 and set a buy rating for the company in a research report on Wednesday, May 1st. Morgan Stanley cut their price objective on Werner Enterprises from $57.00 to $56.00 and set an overweight rating for the company in a research report on Monday, July 8th. Susquehanna reiterated a negative rating and issued a $27.00 price objective (down previously from $32.00) on shares of Werner Enterprises in a research report on Monday, June 24th. Finally, Bank of America cut their price objective on Werner Enterprises from $35.00 to $34.00 and set an underperform rating for the company in a research report on Monday, April 15th. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Hold and an average target price of $38.69.

Werner Enterprises Price Performance

Werner Enterprises stock opened at $36.08 on Tuesday. Werner Enterprises has a 12 month low of $33.12 and a 12 month high of $47.27. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.90 and a quick ratio of 1.85. The business has a 50 day simple moving average of $36.40 and a 200-day simple moving average of $38.15. The stock has a market capitalization of $2.29 billion, a PE ratio of 27.54, a price-to-earnings-growth ratio of 2.92 and a beta of 0.80.

Werner Enterprises (NASDAQ:WERN) last released its quarterly 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 return on equity of 6.15% and a net margin of 2.59%. The company had revenue of $769.08 million for the quarter, compared to analysts’ expectations of $788.30 million. During the same quarter last year, the company earned $0.60 EPS. Werner Enterprises’s revenue for the quarter was down 7.6% compared to the same quarter last year. Equities analysts predict that Werner Enterprises will post 1.32 earnings per share for the current year.

Werner Enterprises Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 17th. Stockholders of record on Monday, July 1st will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date is Monday, July 1st. Werner Enterprises’s dividend payout ratio is currently 42.75%.

Institutional Trading of Werner Enterprises

A number of large investors have recently made changes to their positions in the stock. SummerHaven Investment Management LLC boosted its stake in shares of Werner Enterprises by 1.6% during the fourth quarter. SummerHaven Investment Management LLC now owns 16,574 shares of the transportation company’s stock valued at $702,000 after acquiring an additional 259 shares during the last quarter. WealthPlan Investment Management LLC boosted its stake in shares of Werner Enterprises by 2.2% during the fourth quarter. WealthPlan Investment Management LLC now owns 14,295 shares of the transportation company’s stock valued at $606,000 after acquiring an additional 301 shares during the last quarter. Alliance Wealth Advisors LLC UT boosted its stake in shares of Werner Enterprises by 3.2% during the fourth quarter. Alliance Wealth Advisors LLC UT now owns 9,937 shares of the transportation company’s stock valued at $421,000 after acquiring an additional 308 shares during the last quarter. QRG Capital Management Inc. boosted its stake in shares of Werner Enterprises by 5.2% during the fourth quarter. QRG Capital Management Inc. now owns 6,576 shares of the transportation company’s stock valued at $279,000 after acquiring an additional 328 shares during the last quarter. Finally, Blue Trust Inc. boosted its stake in shares of Werner Enterprises by 139.9% during the fourth quarter. Blue Trust Inc. now owns 703 shares of the transportation company’s stock valued at $30,000 after acquiring an additional 410 shares during the last quarter. Institutional investors and hedge funds 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.