Werner Enterprises (NASDAQ:WERN) Price Target Raised to $43.00

Werner Enterprises (NASDAQ:WERN) had its price objective increased by TD Cowen from $38.00 to $43.00 in a report issued on Wednesday morning, MarketBeat.com reports. They currently have a buy rating on the transportation company’s stock.

Other equities research analysts also recently issued research reports about the stock. Wells Fargo & Company initiated coverage on shares of Werner Enterprises in a research note on Friday, June 7th. They set an underweight rating and a $38.00 price target on the stock. StockNews.com downgraded shares of Werner Enterprises from a hold rating to a sell rating in a report on Tuesday, July 16th. Morgan Stanley reduced their price objective on Werner Enterprises from $57.00 to $56.00 and set an overweight rating on the stock in a research note on Monday, July 8th. Stifel Nicolaus decreased their price objective on Werner Enterprises from $42.00 to $39.00 and set a hold rating on the stock in a research report on Thursday, April 18th. Finally, Bank of America cut their target price on Werner Enterprises from $35.00 to $34.00 and set an underperform rating on the stock in a research report on Monday, April 15th. Five research analysts have 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 data from MarketBeat.com, the company presently has an average rating of Hold and a consensus price target of $38.92.

Werner Enterprises Trading Down 2.8 %

Shares of Werner Enterprises stock opened at $37.23 on Wednesday. Werner Enterprises has a twelve month low of $33.12 and a twelve month high of $47.07. The company has a quick ratio of 1.85, a current ratio of 1.90 and a debt-to-equity ratio of 0.39. The business has a 50-day moving average price of $36.61 and a 200-day moving average price of $37.78. The firm has a market cap of $2.36 billion, a price-to-earnings ratio of 28.42, a PEG ratio of 3.78 and a beta of 0.80.

Werner Enterprises (NASDAQ:WERN) last released its quarterly earnings results on Tuesday, July 30th. The transportation company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.03). The firm had revenue of $760.80 million for the quarter, compared to analysts’ expectations of $769.81 million. Werner Enterprises had a net margin of 1.99% and a return on equity of 4.65%. The business’s quarterly revenue was down 6.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.52 EPS. Equities research analysts anticipate that Werner Enterprises will post 1.25 EPS for the current fiscal year.

Werner Enterprises Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 17th. Investors of record on Monday, July 1st were paid a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 1.50%. The ex-dividend date was Monday, July 1st. Werner Enterprises’s dividend payout ratio is presently 42.75%.

Hedge Funds Weigh In On Werner Enterprises

A number of hedge funds have recently added to or reduced their stakes in WERN. Massmutual Trust Co. FSB ADV raised its stake in shares of 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 in the last quarter. 1620 Investment Advisors Inc. bought a new stake in Werner Enterprises during the 2nd quarter valued at $29,000. Blue Trust Inc. raised its position in Werner Enterprises by 139.9% during the 4th quarter. Blue Trust Inc. now owns 703 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 410 shares in the last quarter. EntryPoint Capital LLC bought a new position in shares of Werner Enterprises during the 1st quarter worth $43,000. Finally, Innealta Capital LLC bought a new stake in shares of Werner Enterprises in the second quarter valued at about $47,000. 89.32% of the stock is currently owned by 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.