Analysts Set Werner Enterprises, Inc. (NASDAQ:WERN) PT at $36.57

Werner Enterprises, Inc. (NASDAQ:WERN) has received a consensus rating of “Reduce” from the fourteen brokerages that are currently covering the stock, MarketBeat Ratings reports. Six investment analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $36.57.

A number of analysts recently issued reports on WERN shares. TD Cowen increased their target price on shares of Werner Enterprises from $40.00 to $41.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Morgan Stanley dropped their price objective on shares of Werner Enterprises from $55.00 to $52.00 and set an “overweight” rating for the company in a research report on Wednesday, October 30th. Susquehanna reduced their target price on shares of Werner Enterprises from $30.00 to $28.00 and set a “negative” rating on the stock in a report on Friday, November 1st. Citigroup began coverage on Werner Enterprises in a report on Wednesday, October 9th. They issued a “sell” rating and a $34.00 price target for the company. Finally, Wells Fargo & Company cut their price objective on Werner Enterprises from $38.00 to $35.00 and set an “underweight” rating on the stock in a research report on Wednesday, October 30th.

Institutional Investors Weigh In On Werner Enterprises

Hedge funds and other institutional investors have recently modified their holdings of the stock. Verition Fund Management LLC acquired a new position in Werner Enterprises in the third quarter worth about $485,000. Intech Investment Management LLC bought a new position in Werner Enterprises during the 3rd quarter worth approximately $630,000. Empower Advisory Group LLC raised its position in shares of Werner Enterprises by 4.8% during the 3rd quarter. Empower Advisory Group LLC now owns 362,786 shares of the transportation company’s stock valued at $14,000,000 after acquiring an additional 16,637 shares in the last quarter. Edgestream Partners L.P. lifted its stake in Werner Enterprises by 31.1% during the third quarter. Edgestream Partners L.P. now owns 84,085 shares of the transportation company’s stock worth $3,245,000 after purchasing an additional 19,944 shares during the last quarter. Finally, Holocene Advisors LP boosted its holdings in Werner Enterprises by 19.8% in the third quarter. Holocene Advisors LP now owns 98,550 shares of the transportation company’s stock worth $3,803,000 after purchasing an additional 16,280 shares during the period. Institutional investors own 89.32% of the company’s stock.

Werner Enterprises Stock Down 1.5 %

Shares of NASDAQ WERN opened at $36.37 on Friday. The stock has a market capitalization of $2.25 billion, a PE ratio of 49.82, a P/E/G ratio of 33.43 and a beta of 0.82. The company has a quick ratio of 1.49, a current ratio of 1.53 and a debt-to-equity ratio of 0.48. The firm has a fifty day moving average of $38.92 and a 200-day moving average of $37.53. Werner Enterprises has a 52-week low of $33.12 and a 52-week high of $43.26.

Werner Enterprises (NASDAQ:WERN) last posted its quarterly earnings results on Tuesday, October 29th. The transportation company reported $0.15 earnings per share (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%. Werner Enterprises’s revenue was down 8.8% on a year-over-year basis. During the same period last year, the firm posted $0.42 EPS. On average, analysts anticipate that Werner Enterprises will post 0.68 EPS for the current year.

Werner Enterprises Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd will be paid a dividend of $0.14 per share. The ex-dividend date is Thursday, January 2nd. This represents a $0.56 dividend on an annualized basis and a yield of 1.54%. Werner Enterprises’s dividend payout ratio (DPR) is 76.71%.

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.