Brokerages Set Werner Enterprises, Inc. (NASDAQ:WERN) PT at $36.92

Shares of Werner Enterprises, Inc. (NASDAQ:WERN) have received a consensus rating of “Reduce” from the fourteen research firms that are covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $36.9167.

WERN has been the subject of a number of recent analyst reports. Wells Fargo & Company raised their price objective on shares of Werner Enterprises from $39.00 to $46.00 and gave the company an “equal weight” rating in a research report on Friday, June 5th. TD Cowen raised their price objective on shares of Werner Enterprises from $36.00 to $43.00 and gave the company a “hold” rating in a research report on Wednesday, April 29th. Zacks Research raised shares of Werner Enterprises from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 6th. Susquehanna increased their target price on shares of Werner Enterprises from $38.00 to $47.00 and gave the company a “neutral” rating in a report on Tuesday, June 2nd. Finally, JPMorgan Chase & Co. increased their target price on shares of Werner Enterprises from $30.00 to $34.00 and gave the company an “underweight” rating in a report on Wednesday, April 29th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. increased its holdings in Werner Enterprises by 41.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,324 shares of the transportation company’s stock valued at $70,000 after buying an additional 679 shares in the last quarter. GAMMA Investing LLC increased its holdings in Werner Enterprises by 49.0% in the fourth quarter. GAMMA Investing LLC now owns 2,429 shares of the transportation company’s stock valued at $73,000 after buying an additional 799 shares in the last quarter. Covestor Ltd increased its holdings in Werner Enterprises by 28.3% in the fourth quarter. Covestor Ltd now owns 3,261 shares of the transportation company’s stock valued at $98,000 after buying an additional 719 shares in the last quarter. KBC Group NV increased its holdings in Werner Enterprises by 86.9% in the fourth quarter. KBC Group NV now owns 3,614 shares of the transportation company’s stock valued at $108,000 after buying an additional 1,680 shares in the last quarter. Finally, Pictet Asset Management Holding SA purchased a new position in Werner Enterprises in the fourth quarter valued at about $217,000. 89.32% of the stock is owned by hedge funds and other institutional investors.

Werner Enterprises Price Performance

Shares of NASDAQ:WERN opened at $40.86 on Thursday. The company has a quick ratio of 1.43, a current ratio of 1.46 and a debt-to-equity ratio of 0.66. The company has a market cap of $2.45 billion, a P/E ratio of -272.40, a PEG ratio of 0.86 and a beta of 1.26. Werner Enterprises has a 52 week low of $23.06 and a 52 week high of $45.27. The company has a 50-day moving average price of $38.10 and a 200 day moving average price of $34.00.

Werner Enterprises (NASDAQ:WERN) last announced its quarterly earnings data on Tuesday, April 28th. The transportation company reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.05. The firm had revenue of $730.14 million during the quarter, compared to the consensus estimate of $812.50 million. Werner Enterprises had a negative net margin of 0.28% and a positive return on equity of 0.66%. The firm’s revenue was up 13.6% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.12) earnings per share. Research analysts predict that Werner Enterprises will post 0.94 earnings per share for the current year.

Werner Enterprises Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Monday, July 6th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Monday, July 6th. This represents a $0.56 dividend on an annualized basis and a yield of 1.4%. Werner Enterprises’s dividend payout ratio (DPR) is -373.33%.

Werner Enterprises Company Profile

Werner Enterprises, Inc, founded in 1956 by Clarence L. “Chris” Werner, is a leading transportation and logistics provider based in Omaha, Nebraska. The company began as a one‐truck operation and has since grown into one of North America’s largest carriers, offering an array of services to support diverse supply chains.

Werner’s core business activities include full truckload dry van services, dedicated contract carriage, intermodal transport and brokerage solutions. The company also provides value-added services such as warehousing, freight management and fleet maintenance through its network of terminals and service centers.