Werner Enterprises (NASDAQ:WERN) PT Lowered to $35.00

Werner Enterprises (NASDAQ:WERN) had its price objective cut by Evercore ISI from $39.00 to $35.00 in a research note released on Wednesday, Benzinga reports. They currently have an in-line rating on the transportation company’s stock.

Several other analysts have also issued reports on the stock. TD Cowen reduced their price target on shares of Werner Enterprises from $42.00 to $38.00 and set a buy rating on the stock in a research report on Wednesday. Robert W. Baird reduced their target price on Werner Enterprises from $46.00 to $42.00 and set an outperform rating on the stock in a report on Wednesday. Bank of America dropped their price objective on Werner Enterprises from $35.00 to $34.00 and set an underperform rating for the company in a research report on Monday, April 15th. Morgan Stanley decreased their target price on Werner Enterprises from $60.00 to $59.00 and set an overweight rating on the stock in a research report on Wednesday, February 7th. Finally, Stephens reissued an overweight rating and issued a $49.00 target price on shares of Werner Enterprises in a report on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of Hold and a consensus target price of $40.83.

Werner Enterprises Price Performance

Werner Enterprises stock opened at $36.31 on Wednesday. The firm has a market cap of $2.30 billion, a PE ratio of 27.72, a price-to-earnings-growth ratio of 2.29 and a beta of 0.82. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.90 and a quick ratio of 1.87. The stock’s fifty day moving average price is $37.51 and its two-hundred day moving average price is $39.05. Werner Enterprises has a one year low of $33.12 and a one year high of $47.27.

Werner Enterprises (NASDAQ:WERN) last issued its quarterly earnings results on Tuesday, April 30th. The transportation company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.14). Werner Enterprises had a return on equity of 6.15% and a net margin of 2.59%. The company had revenue of $769.08 million during the quarter, compared to the consensus estimate of $788.30 million. During the same quarter in the previous year, the business posted $0.60 EPS. The firm’s revenue for the quarter was down 7.6% on a year-over-year basis. As a group, research analysts expect that Werner Enterprises will post 1.52 EPS for the current fiscal year.

Werner Enterprises Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 1st. Stockholders of record on Monday, April 15th were paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.54%. The ex-dividend date was Friday, April 12th. Werner Enterprises’s payout ratio is currently 42.75%.

Institutional Trading of Werner Enterprises

Several institutional investors have recently modified their holdings of the business. FORA Capital LLC bought a new stake in shares of Werner Enterprises in the 1st quarter valued at about $468,000. BNP Paribas Financial Markets lifted its stake in shares of Werner Enterprises by 59.3% in the first quarter. BNP Paribas Financial Markets now owns 33,188 shares of the transportation company’s stock worth $1,298,000 after acquiring an additional 12,355 shares during the period. Diversify Advisory Services LLC bought a new stake in Werner Enterprises in the first quarter valued at approximately $267,000. Norden Group LLC increased its position in Werner Enterprises by 43.0% during the 1st quarter. Norden Group LLC now owns 11,367 shares of the transportation company’s stock valued at $445,000 after purchasing an additional 3,416 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its holdings in Werner Enterprises by 3.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,421,798 shares of the transportation company’s stock worth $55,621,000 after purchasing an additional 48,340 shares during the last quarter. 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.