UBS Group Has Lowered Expectations for Werner Enterprises (NASDAQ:WERN) Stock Price

Werner Enterprises (NASDAQ:WERN) had its price objective decreased by UBS Group from $30.00 to $27.00 in a research note published on Monday,Benzinga reports. UBS Group currently has a neutral rating on the transportation company’s stock.

Several other equities research analysts have also recently commented on the stock. Citigroup raised shares of Werner Enterprises from a “sell” rating to a “neutral” rating and cut their price objective for the company from $32.00 to $29.00 in a research report on Tuesday, April 8th. Wells Fargo & Company cut their price target on Werner Enterprises from $27.00 to $24.00 and set an “underweight” rating on the stock in a report on Wednesday, April 30th. The Goldman Sachs Group decreased their price objective on Werner Enterprises from $28.00 to $25.00 and set a “sell” rating for the company in a report on Wednesday, April 30th. Deutsche Bank Aktiengesellschaft assumed coverage on Werner Enterprises in a research report on Friday, March 7th. They set a “hold” rating and a $33.00 price target for the company. Finally, Evercore ISI downgraded shares of Werner Enterprises from an “in-line” rating to an “underperform” rating and lowered their price objective for the company from $27.00 to $21.00 in a report on Wednesday, April 30th. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $29.69.

Werner Enterprises Stock Down 1.4 %

Shares of Werner Enterprises stock opened at $25.69 on Monday. The company has a market capitalization of $1.59 billion, a P/E ratio of 46.71 and a beta of 1.06. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.52 and a quick ratio of 1.48. The business has a 50-day moving average of $29.04 and a two-hundred day moving average of $34.40. Werner Enterprises has a 1 year low of $23.02 and a 1 year high of $42.48.

Werner Enterprises (NASDAQ:WERN) last posted its earnings results on Tuesday, April 29th. The transportation company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.24). The business had revenue of $712.11 million for the quarter, compared to the consensus estimate of $738.41 million. Werner Enterprises had a return on equity of 2.27% and a net margin of 1.13%. Werner Enterprises’s revenue for the quarter was down 7.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.14 earnings per share. As a group, equities analysts predict that Werner Enterprises will post 1.27 EPS for the current year.

Werner Enterprises Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Monday, April 14th will be given a $0.14 dividend. The ex-dividend date is Monday, April 14th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.18%. Werner Enterprises’s payout ratio is 193.10%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of Werner Enterprises by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 6,730,457 shares of the transportation company’s stock worth $241,758,000 after buying an additional 32,228 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of Werner Enterprises by 5.0% in the 1st quarter. Victory Capital Management Inc. now owns 3,641,546 shares of the transportation company’s stock valued at $106,697,000 after purchasing an additional 173,572 shares in the last quarter. Deprince Race & Zollo Inc. grew its holdings in shares of Werner Enterprises by 0.9% during the 4th quarter. Deprince Race & Zollo Inc. now owns 2,121,696 shares of the transportation company’s stock valued at $76,211,000 after purchasing an additional 19,370 shares during the last quarter. American Century Companies Inc. increased its position in Werner Enterprises by 13.4% during the 4th quarter. American Century Companies Inc. now owns 1,987,187 shares of the transportation company’s stock worth $71,380,000 after purchasing an additional 234,811 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in Werner Enterprises by 10.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,835,187 shares of the transportation company’s stock valued at $53,844,000 after purchasing an additional 174,341 shares during the last quarter. Institutional investors own 89.32% of the company’s stock.

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.