Werner Enterprises (NASDAQ:WERN) Price Target Raised to $41.00

Werner Enterprises (NASDAQ:WERN) had its price target increased by TD Cowen from $40.00 to $41.00 in a research report released on Wednesday, Marketbeat Ratings reports. The brokerage currently has a buy rating on the transportation company’s stock.

Other analysts have also recently issued reports about the company. UBS Group cut Werner Enterprises from a “buy” rating to a “neutral” rating and set a $39.00 target price for the company. in a research report on Tuesday, July 9th. Morgan Stanley dropped their target price on Werner Enterprises from $57.00 to $56.00 and set an “overweight” rating on the stock in a research report on Monday, July 8th. The Goldman Sachs Group reduced their price objective on shares of Werner Enterprises from $37.00 to $33.00 and set a “sell” rating for the company in a research note on Wednesday, October 9th. Citigroup assumed coverage on Werner Enterprises in a research note on Wednesday, October 9th. They set a “sell” rating and a $34.00 price target for the company. Finally, Stifel Nicolaus lowered their target price on Werner Enterprises from $39.00 to $33.00 and set a “hold” rating on the stock in a report on Thursday, August 1st. Seven analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $36.36.

Werner Enterprises Stock Performance

NASDAQ:WERN opened at $37.54 on Wednesday. The company’s 50-day moving average is $37.10 and its two-hundred day moving average is $36.76. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.53 and a quick ratio of 1.64. The firm has a market capitalization of $2.32 billion, a price-to-earnings ratio of 51.42, a PEG ratio of 12.04 and a beta of 0.79. Werner Enterprises has a 1-year low of $33.12 and a 1-year high of $43.26.

Werner Enterprises (NASDAQ:WERN) last announced its earnings results on Tuesday, October 29th. The transportation company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.06). The firm had revenue of $745.70 million for the quarter, compared to analysts’ expectations of $765.24 million. Werner Enterprises had a net margin of 1.48% and a return on equity of 3.58%. The business’s revenue was down 8.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.42 earnings per share. Analysts forecast that Werner Enterprises will post 0.85 EPS for the current year.

Werner Enterprises Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 23rd. Stockholders of record on Monday, October 7th were paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.49%. The ex-dividend date of this dividend was Monday, October 7th. Werner Enterprises’s dividend payout ratio (DPR) is presently 76.71%.

Hedge Funds Weigh In On Werner Enterprises

A number of institutional investors and hedge funds have recently added to or reduced their stakes in WERN. Arizona State Retirement System boosted its stake in Werner Enterprises by 2.0% in the second quarter. Arizona State Retirement System now owns 16,879 shares of the transportation company’s stock valued at $605,000 after buying an additional 328 shares in the last quarter. SummerHaven Investment Management LLC boosted its stake in shares of Werner Enterprises by 2.5% in the 2nd quarter. SummerHaven Investment Management LLC now owns 17,221 shares of the transportation company’s stock valued at $617,000 after purchasing an additional 414 shares during the last quarter. GAMMA Investing LLC raised its stake in Werner Enterprises by 145.7% during the third quarter. GAMMA Investing LLC now owns 801 shares of the transportation company’s stock worth $31,000 after buying an additional 475 shares during the last quarter. Massmutual Trust Co. FSB ADV boosted its position in Werner Enterprises by 390.1% during the second quarter. Massmutual Trust Co. FSB ADV now owns 740 shares of the transportation company’s stock valued at $27,000 after acquiring an additional 589 shares during the last quarter. Finally, Inspire Investing LLC lifted its stake in shares of Werner Enterprises by 7.2% in the 2nd quarter. Inspire Investing LLC now owns 9,820 shares of the transportation company’s stock valued at $352,000 after purchasing an additional 656 shares during the period. 89.32% of the stock is owned by institutional investors and hedge funds.

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.