Werner Enterprises (NASDAQ:WERN) Price Target Lowered to $32.00 at Evercore ISI

Werner Enterprises (NASDAQ:WERN) had its price objective lowered by Evercore ISI from $35.00 to $32.00 in a research report sent to investors on Wednesday morning, Benzinga reports. The firm currently has an in-line rating on the transportation company’s stock.

Several other research analysts have also recently issued reports on the stock. Stifel Nicolaus cut their price target on shares of Werner Enterprises from $39.00 to $33.00 and set a “hold” rating for the company in a report on Thursday, August 1st. StockNews.com cut shares of Werner Enterprises from a “hold” rating to a “sell” rating in a report on Tuesday, July 16th. JPMorgan Chase & Co. increased their target price on shares of Werner Enterprises from $32.00 to $37.00 and gave the company an “underweight” rating in a report on Wednesday, July 31st. Morgan Stanley dropped their target price on shares of Werner Enterprises from $57.00 to $56.00 and set an “overweight” rating for the company in a report on Monday, July 8th. Finally, Stephens dropped their target price on shares of Werner Enterprises from $40.00 to $36.00 and set an “equal weight” rating for the company in a report on Monday, August 5th. Seven analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Werner Enterprises has a consensus rating of “Hold” and an average price target of $36.50.

Werner Enterprises Price Performance

Shares of WERN opened at $37.30 on Wednesday. Werner Enterprises has a fifty-two week low of $33.12 and a fifty-two week high of $43.26. The company has a market capitalization of $2.31 billion, a price-to-earnings ratio of 37.68, a price-to-earnings-growth ratio of 11.70 and a beta of 0.79. The firm has a 50-day simple moving average of $37.10 and a 200-day simple moving average of $36.75. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.64 and a current ratio of 1.69.

Werner Enterprises (NASDAQ:WERN) last announced its earnings results on Tuesday, October 29th. The transportation company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.07). Werner Enterprises had a return on equity of 4.70% and a net margin of 1.99%. The business had revenue of $745.70 million for the quarter, compared to analyst estimates of $765.24 million. During the same quarter last year, the company posted $0.42 EPS. Werner Enterprises’s quarterly revenue was down 8.8% on a year-over-year basis. On average, equities research analysts anticipate that Werner Enterprises will post 0.87 earnings per share for the current year.

Werner Enterprises Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 23rd. Stockholders of record on Monday, October 7th were paid a dividend of $0.14 per share. The ex-dividend date of this dividend was Monday, October 7th. This represents a $0.56 annualized dividend and a dividend yield of 1.50%. Werner Enterprises’s dividend payout ratio is presently 56.57%.

Institutional Trading of Werner Enterprises

Several institutional investors have recently made changes to their positions in WERN. Massmutual Trust Co. FSB ADV grew its stake in shares of Werner Enterprises by 390.1% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 740 shares of the transportation company’s stock valued at $27,000 after buying an additional 589 shares during the period. 1620 Investment Advisors Inc. purchased a new stake in shares of Werner Enterprises during the 2nd quarter valued at $29,000. Canada Pension Plan Investment Board purchased a new stake in shares of Werner Enterprises during the 2nd quarter valued at $29,000. Quest Partners LLC purchased a new stake in Werner Enterprises during the 2nd quarter worth $30,000. Finally, GAMMA Investing LLC boosted its position in Werner Enterprises by 145.7% during the 3rd quarter. GAMMA Investing LLC now owns 801 shares of the transportation company’s stock worth $31,000 after purchasing an additional 475 shares during the period. 89.32% of the stock is owned by hedge funds and other institutional investors.

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.