Werner Enterprises (NASDAQ:WERN) PT Lowered to $42.00

Werner Enterprises (NASDAQ:WERN) had its price target cut by Robert W. Baird from $46.00 to $42.00 in a report released on Wednesday, Benzinga reports. They currently have an outperform rating on the transportation company’s stock.

A number of other research firms have also weighed in on WERN. StockNews.com raised shares of Werner Enterprises from a sell rating to a hold rating in a research report on Tuesday, February 27th. Barclays cut Werner Enterprises from an overweight rating to an equal weight rating and dropped their price objective for the company from $45.00 to $40.00 in a report on Monday, April 1st. TD Cowen increased their target price on Werner Enterprises from $40.00 to $43.00 and gave the stock an outperform rating in a research note on Wednesday, February 7th. Stifel Nicolaus cut their price target on shares of Werner Enterprises from $42.00 to $39.00 and set a hold rating on the stock in a report on Thursday, April 18th. Finally, Bank of America reduced their price target on shares of Werner Enterprises from $35.00 to $34.00 and set an underperform rating on the stock in a research note on Monday, April 15th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of Hold and an average price target of $42.85.

Werner Enterprises Price Performance

NASDAQ:WERN opened at $35.17 on Wednesday. The firm has a market capitalization of $2.23 billion, a price-to-earnings ratio of 26.85, a PEG ratio of 1.04 and a beta of 0.82. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.92 and a quick ratio of 1.87. The business has a 50 day simple moving average of $37.82 and a 200-day simple moving average of $39.13. Werner Enterprises has a 1 year low of $33.12 and a 1 year high of $47.27.

Werner Enterprises (NASDAQ:WERN) last posted its quarterly earnings data on Tuesday, April 30th. The transportation company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.14). Werner Enterprises had a return on equity of 6.16% and a net margin of 2.59%. The firm had revenue of $769.08 million for the quarter, compared to analysts’ expectations of $788.30 million. During the same period in the previous year, the firm earned $0.60 earnings per share. The firm’s quarterly revenue was down 7.6% compared to the same quarter last year. Equities analysts forecast that Werner Enterprises will post 1.91 EPS for the current year.

Werner Enterprises Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 1st. Shareholders of record on Monday, April 15th were issued a dividend of $0.14 per share. The ex-dividend date of this dividend was Friday, April 12th. This represents a $0.56 dividend on an annualized basis and a yield of 1.59%. Werner Enterprises’s dividend payout ratio is currently 42.75%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in shares of Werner Enterprises by 9.7% during the fourth quarter. Vanguard Group Inc. now owns 6,420,141 shares of the transportation company’s stock valued at $272,021,000 after buying an additional 565,193 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of Werner Enterprises by 7.6% during the fourth quarter. Victory Capital Management Inc. now owns 3,973,767 shares of the transportation company’s stock worth $168,369,000 after purchasing an additional 282,210 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Werner Enterprises by 0.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,811,218 shares of the transportation company’s stock valued at $161,484,000 after purchasing an additional 33,906 shares during the last quarter. Nuance Investments LLC boosted its position in shares of Werner Enterprises by 55.8% in the 4th quarter. Nuance Investments LLC now owns 2,268,348 shares of the transportation company’s stock worth $96,110,000 after purchasing an additional 812,563 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in Werner Enterprises by 3.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,421,798 shares of the transportation company’s stock valued at $55,621,000 after buying an additional 48,340 shares during the last quarter. 89.32% of the stock is 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.