Werner Enterprises (NASDAQ:WERN) Given New $34.00 Price Target at Bank of America

Werner Enterprises (NASDAQ:WERN) had its target price cut by Bank of America from $35.00 to $34.00 in a research note released on Monday morning, Benzinga reports. They currently have an underperform rating on the transportation company’s stock.

Several other analysts have also issued reports on WERN. StockNews.com upgraded shares of Werner Enterprises from a sell rating to a hold rating in a research note on Tuesday, February 27th. Barclays lowered shares of Werner Enterprises from an overweight rating to an equal weight rating and reduced their price target for the company from $45.00 to $40.00 in a research report on Monday, April 1st. Morgan Stanley reduced their price target on shares of Werner Enterprises from $60.00 to $59.00 and set an overweight rating for the company in a research report on Wednesday, February 7th. TD Cowen increased their price target on shares of Werner Enterprises from $40.00 to $43.00 and gave the company an outperform rating in a research report on Wednesday, February 7th. Finally, Stifel Nicolaus downgraded shares of Werner Enterprises from a buy rating to a hold rating and dropped their price objective for the company from $45.00 to $42.00 in a report on Thursday, February 8th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of Hold and an average target price of $44.25.

Werner Enterprises Stock Down 1.0 %

Werner Enterprises stock opened at $36.15 on Monday. The company has a quick ratio of 1.87, a current ratio of 1.92 and a debt-to-equity ratio of 0.42. Werner Enterprises has a 12-month low of $35.02 and a 12-month high of $47.27. The firm’s fifty day moving average is $39.06 and its 200 day moving average is $39.41. The company has a market capitalization of $2.29 billion, a PE ratio of 20.54, a PEG ratio of 1.06 and a beta of 0.78.

Werner Enterprises (NASDAQ:WERN) last released its earnings results on Monday, February 5th. The transportation company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.05). The company had revenue of $821.90 million for the quarter, compared to analyst estimates of $820.90 million. Werner Enterprises had a net margin of 3.42% and a return on equity of 8.17%. The firm’s revenue was down 4.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.99 EPS. As a group, sell-side analysts predict that Werner Enterprises will post 2.02 EPS for the current fiscal year.

Werner Enterprises Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Monday, April 15th will be issued 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 of this dividend is Friday, April 12th. Werner Enterprises’s payout ratio is 31.82%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Dark Forest Capital Management LP bought a new position in Werner Enterprises during the first quarter valued at approximately $26,000. Blue Trust Inc. raised its position in shares of Werner Enterprises by 139.9% in the 4th quarter. Blue Trust Inc. now owns 703 shares of the transportation company’s stock worth $30,000 after purchasing an additional 410 shares during the last quarter. Advisors Asset Management Inc. raised its position in shares of Werner Enterprises by 135.2% in the 4th quarter. Advisors Asset Management Inc. now owns 821 shares of the transportation company’s stock worth $33,000 after purchasing an additional 472 shares during the last quarter. Headlands Technologies LLC purchased a new position in shares of Werner Enterprises in the 3rd quarter worth about $36,000. Finally, Planned Solutions Inc. bought a new stake in Werner Enterprises in the 4th quarter worth about $57,000. 89.32% of the stock is currently owned by institutional investors.

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.