Analysts Set Werner Enterprises, Inc. (NASDAQ:WERN) PT at $30.77

Shares of Werner Enterprises, Inc. (NASDAQ:WERN) have earned an average recommendation of “Hold” from the thirteen brokerages that are presently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $30.77.

Several equities analysts have commented on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Werner Enterprises in a research report on Friday, March 7th. They set a “hold” rating and a $33.00 price objective for the company. TD Cowen lowered their price objective on shares of Werner Enterprises from $33.00 to $30.00 and set a “buy” rating for the company in a research report on Wednesday, April 30th. Barclays lowered their price objective on shares of Werner Enterprises from $32.00 to $28.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 30th. Evercore ISI lowered 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 research report on Wednesday, April 30th. Finally, Wells Fargo & Company lowered their price objective on shares of Werner Enterprises from $27.00 to $24.00 and set an “underweight” rating for the company in a research report on Wednesday, April 30th.

Werner Enterprises Trading Up 3.0%

WERN stock opened at $28.16 on Friday. The firm has a fifty day moving average price of $27.17 and a 200 day moving average price of $32.24. Werner Enterprises has a fifty-two week low of $23.02 and a fifty-two week high of $42.48. The firm has a market cap of $1.74 billion, a PE ratio of 51.20 and a beta of 1.06. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.48 and a current ratio of 1.52.

Werner Enterprises (NASDAQ:WERN) last released its quarterly earnings data on Tuesday, April 29th. The transportation company reported ($0.12) EPS for the quarter, missing the consensus estimate of $0.12 by ($0.24). Werner Enterprises had a net margin of 1.13% and a return on equity of 2.27%. The business had revenue of $712.11 million for the quarter, compared to the consensus estimate of $738.41 million. During the same quarter last year, the business earned $0.14 EPS. Werner Enterprises’s revenue for the quarter was down 7.4% compared to the same quarter last year. Sell-side analysts anticipate that Werner Enterprises will post 1.27 earnings per share for the current fiscal year.

Werner Enterprises Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 23rd. Investors of record on Monday, July 7th will be paid a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 1.99%. The ex-dividend date is Monday, July 7th. Werner Enterprises’s dividend payout ratio is presently 193.10%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC increased its stake in Werner Enterprises by 9.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,660,846 shares of the transportation company’s stock worth $59,010,000 after buying an additional 143,953 shares during the period. Vanguard Group Inc. increased its position in Werner Enterprises by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 6,730,457 shares of the transportation company’s stock valued at $241,758,000 after purchasing an additional 32,228 shares during the period. Atria Investments Inc increased its position in Werner Enterprises by 16.3% during the 4th quarter. Atria Investments Inc now owns 9,479 shares of the transportation company’s stock valued at $340,000 after purchasing an additional 1,329 shares during the period. Cibc World Markets Corp purchased a new position in Werner Enterprises during the 4th quarter valued at about $207,000. Finally, Deutsche Bank AG increased its position in Werner Enterprises by 34.5% during the 4th quarter. Deutsche Bank AG now owns 53,640 shares of the transportation company’s stock valued at $1,927,000 after purchasing an additional 13,758 shares during the period. Hedge funds and other 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.