Analysts Set Werner Enterprises, Inc. (NASDAQ:WERN) Price Target at $37.00

Shares of Werner Enterprises, Inc. (NASDAQ:WERN) have been assigned a consensus rating of “Reduce” from the fifteen ratings firms that are currently covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $36.13.

Several research analysts have recently commented on the stock. Stifel Nicolaus lifted their price target on shares of Werner Enterprises from $30.00 to $35.00 and gave the company a “hold” rating in a report on Thursday, January 23rd. Barclays decreased their target price on Werner Enterprises from $40.00 to $38.00 and set an “equal weight” rating for the company in a research note on Friday, February 7th. Susquehanna dropped their price target on Werner Enterprises from $39.00 to $32.00 and set a “neutral” rating on the stock in a research report on Wednesday. Deutsche Bank Aktiengesellschaft began coverage on Werner Enterprises in a research report on Friday, March 7th. They set a “hold” rating and a $33.00 price objective for the company. Finally, Wells Fargo & Company dropped their target price on Werner Enterprises from $34.00 to $27.00 and set an “underweight” rating on the stock in a research report on Thursday.

Werner Enterprises Trading Down 1.6 %

Shares of NASDAQ WERN opened at $29.33 on Tuesday. The company has a quick ratio of 1.48, a current ratio of 1.52 and a debt-to-equity ratio of 0.43. The stock’s 50 day moving average price is $33.23 and its two-hundred day moving average price is $36.22. Werner Enterprises has a 52-week low of $28.77 and a 52-week high of $42.48. The stock has a market capitalization of $1.81 billion, a P/E ratio of 53.33 and a beta of 0.85.

Werner Enterprises (NASDAQ:WERN) last announced its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.15). Werner Enterprises had a return on equity of 2.27% and a net margin of 1.13%. On average, analysts anticipate that Werner Enterprises will post 1.27 earnings per share for the current fiscal year.

Werner Enterprises Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Monday, April 14th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Monday, April 14th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.91%. Werner Enterprises’s dividend payout ratio is presently 101.82%.

Institutional Investors Weigh In On Werner Enterprises

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased 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 valued at $241,758,000 after purchasing an additional 32,228 shares during the period. Deprince Race & Zollo Inc. grew its holdings in Werner Enterprises by 0.9% during the fourth quarter. Deprince Race & Zollo Inc. now owns 2,121,696 shares of the transportation company’s stock worth $76,211,000 after acquiring an additional 19,370 shares during the period. American Century Companies Inc. raised its position in Werner Enterprises by 13.4% in the fourth quarter. American Century Companies Inc. now owns 1,987,187 shares of the transportation company’s stock worth $71,380,000 after acquiring an additional 234,811 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Werner Enterprises by 9.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,660,846 shares of the transportation company’s stock valued at $59,010,000 after purchasing an additional 143,953 shares in the last quarter. Finally, Maple Rock Capital Partners Inc. bought a new position in shares of Werner Enterprises during the 4th quarter valued at about $35,257,000. 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.