Werner Enterprises, Inc. (NASDAQ:WERN) Stock Rated “Hold” by Wall Street Brokerages

Werner Enterprises, Inc. (NASDAQ:WERN) has received an average rating of “Hold” from the sixteen research firms that are covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a sell rating, eight have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $41.54.

Several analysts recently commented on the stock. TD Cowen reduced their price target on shares of Werner Enterprises from $43.00 to $41.00 and set a “hold” rating for the company in a research report on Wednesday, July 29th. Stifel Nicolaus raised their price objective on shares of Werner Enterprises from $36.00 to $40.00 and gave the stock a “hold” rating in a research report on Monday, July 13th. The Goldman Sachs Group lifted their price objective on shares of Werner Enterprises from $43.00 to $48.00 and gave the company a “buy” rating in a research note on Tuesday, June 23rd. Zacks Research cut shares of Werner Enterprises from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 4th. Finally, Bank of America increased their target price on shares of Werner Enterprises from $31.00 to $36.00 and gave the stock an “underperform” rating in a research note on Thursday, July 23rd.

Werner Enterprises Trading Up 3.1%

WERN opened at $35.35 on Friday. The firm has a market cap of $2.12 billion, a price-to-earnings ratio of -46.51 and a beta of 1.29. Werner Enterprises has a 52 week low of $23.06 and a 52 week high of $47.49. The business’s 50 day moving average is $37.23 and its two-hundred day moving average is $37.57. The company has a quick ratio of 1.42, a current ratio of 1.45 and a debt-to-equity ratio of 0.60.

Werner Enterprises (NASDAQ:WERN) last posted its quarterly earnings data on Tuesday, July 28th. The transportation company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.02). The firm had revenue of $813.36 million during the quarter, compared to analyst estimates of $931.12 million. Werner Enterprises had a negative net margin of 1.42% and a positive return on equity of 1.18%. Werner Enterprises’s revenue was up 24.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.11 earnings per share. On average, research analysts predict that Werner Enterprises will post 1.11 EPS for the current year.

Werner Enterprises Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 21st. Shareholders of record on Monday, October 5th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Monday, October 5th. This represents a $0.56 annualized dividend and a yield of 1.6%. Werner Enterprises’s dividend payout ratio is currently -73.68%.

Institutional Trading of Werner Enterprises

A number of hedge funds have recently added to or reduced their stakes in WERN. Renaissance Technologies LLC acquired a new stake in shares of Werner Enterprises during the first quarter worth $1,119,000. Legal & General Group Plc purchased a new position in Werner Enterprises in the 2nd quarter valued at $6,421,000. Empowered Funds LLC grew its position in Werner Enterprises by 30.0% in the 1st quarter. Empowered Funds LLC now owns 284,197 shares of the transportation company’s stock valued at $8,358,000 after buying an additional 65,534 shares during the last quarter. Edgestream Partners L.P. acquired a new position in Werner Enterprises in the 1st quarter valued at $4,456,000. Finally, Walleye Capital LLC acquired a new position in Werner Enterprises in the 2nd quarter valued at $1,860,000. 89.32% of the stock is owned by institutional investors and hedge funds.

Werner Enterprises Company Profile

Werner Enterprises, Inc is a transportation and logistics company headquartered in Omaha, Nebraska. Founded in 1956 by C.L. Werner, the company provides freight transportation and supply chain services to customers across North America.

The company’s operations include truckload transportation, dedicated transportation, and logistics services. Its truckload business transports general commodities through one-way and dedicated fleets, while its logistics operations arrange transportation using a network of carriers and other service providers.